Seniors groups and Labor have been lobbying the Government to cut the official deeming rate, which is used to calculate how much a pensioner earns on their financial assets — regardless of the actual return.
Read more at the ABC.
Pensioners could see up to $804 a year more after funding boost
About 1 million Australians will receive a cash boost of up to $804 a year, after the Government announced long-anticipated changes to so-called deeming rates.
