Wealth Management



March 20th -  Important Changes for Age Pensioners and Health Care Card Holders

From 20 March 2026 Centrelink are increasing the lower deeming rate to 1.25%, and the upper deeming rate will increase to 3.25%. This is a result of interest rates in Australia increasing from the lows during COVID.

Deeming is a set of rules used to determine the income your financial assets create. It assumes these assets earn a set rate of income, no matter what they really earn.

If you are income tested for the Age Pension this change will affect your payments and your fortnightly payment will reduce. You will be notified by Centrelink about the reduction if applicable.

If you are on the Low Income Health Card this increase COULD cancel your card. You will be notified by Centrelink if your card has been cancelled.

If you are on the Commonwealth Seniors Health Card this increase COULD cancel your card. You will be notified by Centrelink if your card has been cancelled.

Please be aware that Centrelink have been calling some of our clients to discuss this over the phone. Please be cautious providing personal information.

Click here for Services Australia to find out more

March - Market Update

There is a lot going on in the market at the moment and we wanted to provide a brief update.

There are three issues building that threaten to bring down US markets. 

1) Technology derate over AI is widening and could turn to AI stocks themselves;

2) Private credit issues are spreading globally leading to weakness in Financials and Asset Managers; and

3) Oil spike threatens higher inflation, higher yield curves and lower growth.

Click here to read our comprehensive update