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AAP
AAP
Politics
Lucinda Garbutt-Young

Property-owning pensioners could get less public money

Cassandra Goldie Social Security
Seniors who own assets face a reduction in their pension payment. (Jane Dempster/AAP PHOTOS)

Property-owning pensioners across Australia could soon be eligible for less government money, as a crucial welfare payment indicator is changed.

The deeming rate, which the government uses to assess pensioners' social security payments, will be updated on September 20.

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