{
  "title": "Deeming rates since 1996, with the RBA cash rate target",
  "chart": "https://retirementwealth.com.au/charts/deeming-rates/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "unit": "per cent",
  "lines": [
    {
      "key": "lower",
      "label": "Lower deeming rate",
      "figure": "deeming_rate_lower",
      "figure_url": "https://retirementwealth.com.au/api/v2/figures/deeming_rate_lower.json"
    },
    {
      "key": "upper",
      "label": "Upper deeming rate",
      "figure": "deeming_rate_upper",
      "figure_url": "https://retirementwealth.com.au/api/v2/figures/deeming_rate_upper.json"
    }
  ],
  "reference": {
    "key": "reference",
    "label": "RBA cash rate target",
    "series": "rba_cash_rate_target",
    "series_url": "https://retirementwealth.com.au/api/v2/series/rba_cash_rate_target.json",
    "publisher": "Reserve Bank of Australia",
    "source": {
      "title": "Cash Rate Target",
      "publisher": "Reserve Bank of Australia",
      "url": "https://www.rba.gov.au/statistics/cash-rate/",
      "type": "primary"
    },
    "latest": {
      "value": 4.6,
      "from": "2026-09-30",
      "decided": "2026-09-29",
      "statement": "https://www.rba.gov.au/media-releases/2026/mr-26-27.html"
    },
    "latest_decision": {
      "date": "2026-09-29",
      "value": 4.6,
      "change": 0.25,
      "title": "Statement by the Monetary Policy Board: Monetary Policy Decision (media release 2026-27)",
      "url": "https://www.rba.gov.au/media-releases/2026/mr-26-27.html"
    },
    "attribution": "Cash rate target: Source: Reserve Bank of Australia 2026. Terms of use: RBA Copyright and Disclaimer Notice (https://www.rba.gov.au/copyright/).",
    "note": "The RBA cash rate target is shown for reference. It is not a deeming rate."
  },
  "review": {
    "lower": {
      "text": "Determined by the Minister by legislative instrument under subsection 1082(1) of the Social Security Act 1991, which calls it the below threshold rate. There is no fixed review date.",
      "source": {
        "title": "Social Security Act 1991, section 1082 (compilation No. 234, 20 September 2026)",
        "publisher": "legislation.gov.au",
        "url": "https://www.legislation.gov.au/C2004A04121/2026-09-20/2026-09-20/text/original/epub/OEBPS/document_3/document_3.html",
        "type": "primary"
      }
    },
    "upper": {
      "text": "Determined by the Minister by legislative instrument under subsection 1082(2) of the Social Security Act 1991, which calls it the above threshold rate. There is no fixed review date.",
      "source": {
        "title": "Social Security Act 1991, section 1082 (compilation No. 234, 20 September 2026)",
        "publisher": "legislation.gov.au",
        "url": "https://www.legislation.gov.au/C2004A04121/2026-09-20/2026-09-20/text/original/epub/OEBPS/document_3/document_3.html",
        "type": "primary"
      }
    }
  },
  "set_by": "The cash rate target is set by the Reserve Bank of Australia and is shown for reference only: it is not a deeming rate.",
  "count": 22,
  "columns": [
    {
      "name": "applies_from",
      "description": "The date on which at least one of the rates changed. Each rate applies from this date until the next row."
    },
    {
      "name": "lower",
      "description": "Lower deeming rate, per cent, in force from applies_from."
    },
    {
      "name": "upper",
      "description": "Upper deeming rate, per cent, in force from applies_from."
    },
    {
      "name": "reference",
      "description": "RBA cash rate target, per cent, in force on applies_from. The RBA cash rate target is shown for reference. It is not a deeming rate."
    },
    {
      "name": "reference_from",
      "description": "The date the RBA cash rate target in force on applies_from took effect."
    },
    {
      "name": "lower_figure",
      "description": "The id of the registry figure for Lower deeming rate."
    },
    {
      "name": "upper_figure",
      "description": "The id of the registry figure for Upper deeming rate."
    },
    {
      "name": "reference_series",
      "description": "The id of the series for RBA cash rate target in /api/v2/series/."
    },
    {
      "name": "lower_source",
      "description": "The official source of Lower deeming rate for the date."
    },
    {
      "name": "upper_source",
      "description": "The official source of Upper deeming rate for the date."
    },
    {
      "name": "reference_source",
      "description": "The Reserve Bank of Australia statement behind the RBA cash rate target in force."
    }
  ],
  "rows": [
    {
      "applies_from": "1996-07-01",
      "lower": 5,
      "upper": 7,
      "reference": 7.5,
      "reference_from": "1994-12-14",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/1994/mr-94-21.html"
    },
    {
      "applies_from": "1997-01-23",
      "lower": 4,
      "upper": 6,
      "reference": 6,
      "reference_from": "1996-12-11",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/1996/mr-96-14.html"
    },
    {
      "applies_from": "1997-09-20",
      "lower": 3,
      "upper": 5,
      "reference": 5,
      "reference_from": "1997-07-30",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/1997/mr-97-15.html"
    },
    {
      "applies_from": "1999-03-20",
      "lower": 3,
      "upper": 4.5,
      "reference": 4.75,
      "reference_from": "1998-12-02",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/1998/mr-98-16.html"
    },
    {
      "applies_from": "2000-03-20",
      "lower": 3.5,
      "upper": 5.5,
      "reference": 5.5,
      "reference_from": "2000-02-02",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2000/mr-00-03.html"
    },
    {
      "applies_from": "2001-07-01",
      "lower": 3,
      "upper": 4.5,
      "reference": 5,
      "reference_from": "2001-04-04",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2001/mr-01-07.html"
    },
    {
      "applies_from": "2002-03-20",
      "lower": 2.5,
      "upper": 4,
      "reference": 4.25,
      "reference_from": "2001-12-05",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2001/mr-01-23.html"
    },
    {
      "applies_from": "2004-03-20",
      "lower": 3,
      "upper": 5,
      "reference": 5.25,
      "reference_from": "2003-12-03",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2003/mr-03-17.html"
    },
    {
      "applies_from": "2007-03-20",
      "lower": 3.5,
      "upper": 5.5,
      "reference": 6.25,
      "reference_from": "2006-11-08",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2006/mr-06-11.html"
    },
    {
      "applies_from": "2008-03-20",
      "lower": 4,
      "upper": 6,
      "reference": 7.25,
      "reference_from": "2008-03-05",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2008/mr-08-03.html"
    },
    {
      "applies_from": "2008-11-17",
      "lower": 3,
      "upper": 5,
      "reference": 5.25,
      "reference_from": "2008-11-05",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2008/mr-08-25.html"
    },
    {
      "applies_from": "2009-01-26",
      "lower": 3,
      "upper": 4,
      "reference": 4.25,
      "reference_from": "2008-12-03",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2008/mr-08-27.html"
    },
    {
      "applies_from": "2009-03-20",
      "lower": 2,
      "upper": 3,
      "reference": 3.25,
      "reference_from": "2009-02-04",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2009/mr-09-01.html"
    },
    {
      "applies_from": "2010-03-20",
      "lower": 3,
      "upper": 4.5,
      "reference": 4,
      "reference_from": "2010-03-03",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2010/mr-10-04.html"
    },
    {
      "applies_from": "2013-03-20",
      "lower": 2.5,
      "upper": 4,
      "reference": 3,
      "reference_from": "2012-12-05",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2012/mr-12-36.html"
    },
    {
      "applies_from": "2013-11-04",
      "lower": 2,
      "upper": 3.5,
      "reference": 2.5,
      "reference_from": "2013-08-07",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2013/mr-13-15.html"
    },
    {
      "applies_from": "2015-03-20",
      "lower": 1.75,
      "upper": 3.25,
      "reference": 2.25,
      "reference_from": "2015-02-04",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2015/mr-15-01.html"
    },
    {
      "applies_from": "2019-07-01",
      "lower": 1,
      "upper": 3,
      "reference": 1.25,
      "reference_from": "2019-06-05",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2019/mr-19-15.html"
    },
    {
      "applies_from": "2020-05-01",
      "lower": 0.25,
      "upper": 2.25,
      "reference": 0.25,
      "reference_from": "2020-03-20",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2020/mr-20-08.html"
    },
    {
      "applies_from": "2025-09-20",
      "lower": 0.75,
      "upper": 2.75,
      "reference": 3.6,
      "reference_from": "2025-08-13",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2025/mr-25-22.html"
    },
    {
      "applies_from": "2026-03-20",
      "lower": 1.25,
      "upper": 3.25,
      "reference": 4.1,
      "reference_from": "2026-03-18",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "upper_source": "https://guides.dss.gov.au/social-security-guide/4/4/1/10",
      "reference_source": "https://www.rba.gov.au/media-releases/2026/mr-26-08.html"
    },
    {
      "applies_from": "2026-09-20",
      "lower": 1.75,
      "upper": 3.75,
      "reference": 4.35,
      "reference_from": "2026-05-06",
      "lower_figure": "deeming_rate_lower",
      "upper_figure": "deeming_rate_upper",
      "reference_series": "rba_cash_rate_target",
      "lower_source": "https://www.servicesaustralia.gov.au/deeming?context=22526",
      "upper_source": "https://www.servicesaustralia.gov.au/deeming?context=22526",
      "reference_source": "https://www.rba.gov.au/media-releases/2026/mr-26-12.html"
    }
  ],
  "last_verified": "2026-10-18",
  "latest_rates_from": "20 September 2026"
}