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ABC News
ABC News
Business

Coalition and Labor have pledged to freeze the age pension deeming rate until 2024. Here's what that means for pensioners

Quite a bit goes into determining a person's age pension payments.  (ABC News: Demi Lynch)

After the Reserve Bank increased rates for the first time since the pandemic, the Coalition moved to ease concerns for age pensioners by pledging to freeze the deeming rate for two more years. 

Less than a day later, Labor has promised to do the same. 

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