Definition of deeming rate in English:

deeming rate

noun

Australian
  • The assumed rate of return on personal investments, set by the government for the purposes of calculating social security benefits.

    ‘pensions will gain about $7 a fortnight through a long-awaited cut in deeming rates’
    • ‘The reduced deeming rates mean that income-upport pensioners with financial assets such as cash, shares, and bank accounts will have less income included in their assessment.’
    • ‘The government will make the way deeming rates are calculated uniform.’
    • ‘They will see the slight increase in their payments when the government lowers social security deeming rates.’
    • ‘The deeming rate reflects the standard rates of return that pensioners can earn from their financial assets.’
    • ‘Income-tested part-pensioners will receive a double boost to their payments from today as lower deeming rates come into effect.’
    • ‘They accused him of misleading the public with political spin, because the deeming rate change was a standard procedure of government.’
    • ‘The deeming rates that are calculated on retirement saving are more generous than the deeming rates that apply to assets held outside of super.’
    • ‘Their chief executive said that official deeming rates, used to determine age pension levels, should fall.’
    • ‘Deeming rates reflect the standard rates of return that pensioners can earn from their financial assets.’
    • ‘The lower deeming rate will decrease from 3.0 per cent to 2.5 per cent for financial investments up to $45,400 for single pensioners or $75,600 for a couple.’

Pronunciation

deeming rate

/ˈdiːmɪŋ reɪt/