If you are receiving a pension or allowance from the Department of Family and Community Services or Department of Veteran Affairs, this is the account for you. This account is designed to comply with the government’s deeming regulations.
- no account keeping fees
- no minimum balance
- four free withdrawals each month
- couples treated the same way as singles
- the ability to split your pension between this account and other savings accounts.
Some examples of the pensions and allowances that satisfy our Deeming account requirements include Age Pension, Wife’s Pension, Sole Parents Pension, Disability Support Pension, Widow’s Pension and Sickness Allowance. A State Superannuation Pension does not qualify.
> Open a Deeming account today.