When do the new Age Pension rates and deeming settings start?

The changes take effect on 20 March. Base payment rates increase, income and asset cut‑offs move higher, and deeming rates lift to 1.25% for the lower tier and 3.25% for the higher tier. Check your Centrelink online account to confirm your latest assessed details and payment date.

How do higher deeming rates affect my part‑pension?

Centrelink uses deeming to estimate earnings on financial assets. With new tiers at 1.25% and 3.25%, the assessed income can shift and may improve your part‑pension if other factors stay the same. Update balances and term deposits so your assessment reflects your current situation.

What should I review in my savings and deposits?

Compare base versus bonus savings rates, minimum balances, and any introductory periods. Consider a ladder of term deposits to balance access and yield. Monitor maturity dates and fees. Small differences in net rates compound over time and can influence both actual income and your assessed income under deeming.

Do couples get assessed differently from singles?

Yes. Couples are assessed on combined income and assets, which can change eligibility and payment amounts compared to single assessments. If one partner is still working or holds larger balances, review your details together and keep records current to ensure accurate fortnightly payments after the March updates.

Where can I read more about the March changes?

For a clear overview of the upcoming payment and limit adjustments, see Yahoo Finance Australia’s guide to the March update. For investment context on cash and deposits, Small Caps offers practical commentary. Both add useful background on how these settings affect retirees and savers.

Global Market Insights

March 07: Centrelink Age Pension Rise Nears as Deeming Rates Jump

ByDanny Kontos March 7, 2026March 7, 2026

A centrelink age pensionincrease arrives on 20 March, with base rates rising and higher age pension thresholds taking effect across Australia. At the same time, deeming rates Australia lift to 1.25% and 3.25%, reshaping part‑pension outcomes for many retirees. Around 2.5 million Australians are set to be affected as payments and limits move. We explain what changes, why it matters for budgets and savings, and practical steps to review cash, deposits, and income plans before the changes land.