Deeming rates jumped quickly after interest rates rose. Yet when rates fall? Crickets. Deeming rates directly impact age pension eligibility. Higher rates mean less pension, even if your actual returns don't match those assumptions. Understanding these mechanics could mean thousands in your pocket annually. Full breakdown here: https://youtu.be/S0cuaqUk_Ss?si=ArMlSRKnglzy3EnK&t=534 #DeemingRates #Centrelink #RetirementStrategy | Northeast Wealth

Deeming rates are changing and if you're receiving a payment from us, like the age pension, it's important that you understand how the changes could affect you. In our latest podcast episode Kirsten and Hank explain all things deeming. Head to the link in the comments to watch the full Deeming demystified episode. | Services Australia

If you’ve claimed a payment or concession card online, you can track the progress of your claim using your Centrelink online account through myGov. This means you can see when your claim was submitted, when it’s in progress, and when it’s completed. We’ll also let you know online if we need more information from you, or if you have any outstanding tasks to complete. We’ll let you know once we’ve finished processing your claim, so keep an eye out for a letter in your myGov Inbox. Find more inform

Not sure when you can apply for your next possible advance payment? You can check online! You can check if you're eligible and apply with your Centrelink online account through myGov or with the Express Plus Centrelink mobile app. Watch our video for help. We also have tips and tricks to help you manage your money here: www.humanservices.gov.au/manageyourmoney | Services Australia