On 1 May 2020 the deeming rates will drop from:

·         1.0% to 0.25% for the lower tier.

·         3.0% to 2.25% for the higher tier.

·         When the deeming rate lowers, your payment may increase.

·         We use a 2 tiered deeming rate to work out the income from your financial assets

·         The rate that applies to you depends on the value of your financial assets.

Contact us to find out more!