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Frequently Asked Questions

What is deeming and how is it calculated?

Deeming is the method DVA uses to calculate income from your financial assets. Deeming assumes that any money you have invested in financial assets is earning a particular amount of income regardless of the actual amount earned. Refer to Deeming and Financial Assets for more information on financial assets.

What is deeming and how does it affect my child's benefits?

They may affect whether your child can get Supplemental Security Income (SSI) benefits and how much. The process of determining how much of your income and resources we will count is called "deeming." WHEN DOES DEEMING APPLY? Deeming applies if the parent (s) has income and/or resources that we must consider.

What is deeming of financial assets?

Deeming assumes that any money you have invested in financial assets is earning a particular amount of income regardless of the actual amount earned. Refer to Deeming and Financial Assets for more information on financial assets.

How does the deemed income calculator work?

The calculator automatically determines the deemed income from your investment assets using the current deeming rates. Deeming rates are set by the Minister for Social Services. The Department of Social Services monitors the rate to ensure that it is appropriate for market conditions.


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