If you have a Special Disability Trust you may get a gifting concession and assets test assessment exemption.
The 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 and
- that an assets test assessment exemption of up to $669,750 (indexed 1 July each year) is available to the principal beneficiary
We recommend that you consult a financial adviser or solicitor for advice before establishing a Special Disability Trust.