If you have a Special Disability Trust you may get a gifting concession and assets test assessment exemption.
The 2 benefits of a Special Disability Trust are that:
- a gifting concession of up to $500,000 combined is available for eligible family members of the principal beneficiary
- an assets test assessment exemption of up to $694,000 (indexed 1 July each year) is available to the principal beneficiary.
We recommend that you consult a financial adviser or lawyer for advice before establishing a Special Disability Trust.
Page last updated: 1 July 2020
This information was printed 10 September 2021 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/special-disability-trusts/how-it-works/benefits. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.