When applying for Centrelink / DVA benefits you are assessed under both the Income and Asset Test.

Where the Income Test applies to your situation you should receive an increase in your benefits as a result of a reduction in the Deeming rates that apply under the Income Test.

From March 20, 2013 the new deeming rates will be:

• Single – first $45,400 at 2.5% and balance at 4.0%
• Pensioner couple (combined) – first $75,600 at 2.5% and balance at 4.0%
• Non-pensioner couple (each) – first $32,800 at 2.5% and balance at 4.0%

This is a change from the current deeming rates which are as follows:

• Single – first $45,400 at 3% and balance at 4.5%
• Pensioner couple (combined) – first $75,600 at 3.0% and balance at 4.5%
• Non-pensioner couple (each) – first $32,800 at 3.0% and balance at 4.5%

This change will automatically occur and no action is required.

If you have previously applied for Centrelink / DVA and been ineligible due to the income test it may be appropriate to reapply.