Letters

Updated July 11 2019 - 12:33pm, first published 12:24pm

Deemed or Damned.

I pity the poor pensioners having their savings milked by the deeming rate. The government continues to skim the cream off the top by doing nothing. When interest rates increased years ago, the deeming rate quickly followed, which was logical. Now, this is not the case and there is little interest from Scomo. The government is scoring money which has not been earnt.

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