The federal government has fought off claims it’s ripping off pensioners by agreeing to cut the deeming rate. The deeming rate on the first $51,800 of a single pensioner’s financial investments, the first $86,200 of a couple’s, will drop from 1.75 per cent to 1 per cent. The rate for balances above that will drop … Continue reading Treasurer denies Coalition has a ‘retirees tax’, agrees to cut the deeming rate