Play
Stop
 
 

Yesterday, Prime Minister Scott Morrison announced a $600 million dollar package to help Australia’s pensioners. This announcement concerns a planned decrease to deeming rates. The lower rate is set to drop from 1.75% to 1%, and upper rates from 3.25% to 3% from September this year.

Now, that’s a lot of numbers, so what do they actually mean, and who do they actually affect?

 

Download Audio

The Wire is produced in partnership by

Contributor Stations

Supporters and Program Distribution