By You and Money

Deeming is a set of rules developed by the Australian Government to assess income from financial investments for pension, benefit and allowance payments.

It assumes that financial investments are earning a particular rate of interest or income, even if they don’t earn that amount.

Deeming income is calculated by multiplying the total value of your financial investments by the deeming rates. Deeming income is then added to any other income you have, such as rental income, to work out your payment under the income test.

The deeming rules cover your financial investments such as bank, building society and credit union accounts and term deposits, managed investments, loans and debentures, and listed shares and securities.

For a full list of relevant investments, visit

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