The government says extending the freeze on social security deeming rates will help 450,000 pensioners. But that's only going to benefit pensioners who get income from deemed financial investments.
The 2024 federal budget has been handed down, with Treasurer Jim Chalmers spruiking cost-of-living relief measures.In his speech, Mr Chalmers made few mentions of pensioners.Deeming freeze
The goal of this is to ensure "low income individuals continue to be exempt from paying the Medicare levy or pay a reduced levy rate,"The family threshold for seniors and pensioners has been increased from $53,406 to $57,198Is there a special payment for pensioners?Pensioners will benefit from a $300 reduction in power bills, but this is something every household will get.And keep in mind that they'll be applied in quarterly instalments, not all in one hit.
It assumes people receive a set income from the interest on those investments, whether they actually get that much or not.
Pensioners Cost Of Living 2024 Budget Federal Budget Budget Aged Pension Deeming Rates
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