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AAP
AAP
Alex Mitchell

SHOCKING: Aged pensioners to feel impact of asset test changes - You Need To See This

Australia's aged pensioners are will be hit with new deeming rates on their savings. (James Ross/AAP PHOTOS)

Pensioners are set to feel the impact after the federal government raised rates on asset tests for welfare.

For the first time since the deeming rate was cut during the COVID-19 pandemic, the government will raise the rate from "artificially low levels" from September 20.

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