When a person is being assessed for pension eligibility under the income test certain of their assets are given a deemed income. This is applied irrespective of the actual earning rate of these assets.
The main assets subject to deeming include superannuation once pensionable age has been reached, cash and bank deposits, government bonds, shares, and managed funds such as share trusts and friendly society bonds. It also includes gold silver and platinum bullion. Assets such as rental properties and businesses and vacant land are not subject to deeming. For this, use the Pension Calculator.
From 1 July 2022 the deeming rates are
Singles: 0.25% on the first $56,400 and 2.25% on the balance
Couples: 0.25% on the first $93,600 and 2.25% on the balance