Deeming assumes that your financial assets are earning a certain amount of income, regardless of the income you actually earn.

 

Deemed income will be used to determine your entitlement to a Low Income Health Care Card and also to the amount of aged care fees you pay

Deemed income will also be used to determine your entitlement to a Commonwealth Seniors Health Card (CSHC). However, only new CSHC holders will be affected.

If you are an existing CSHC holder with existing superannuation account based income streams, you will not be affected.