What are the advantages of a Special Disability Trust?

A Special Disability Trust is a trust established for the benefit of a severely disabled person. Assets held in a Special Disability Trust, provided they are below the relevant threshold, do not count towards the beneficiary’s assessable assets (for the purpose of determining the beneficiary’s eligibility for a…

A Special Disability Trust is a trust established for the benefit of a severely disabled person. Assets held in a Special Disability Trust, provided they are below the relevant threshold, do not count towards the beneficiary’s assessable assets (for the purpose of determining the beneficiary’s eligibility for a pension). Beneficiaries are able to retain up to 100% of their Disability Support pension or other social security benefits while receiving support towards the cost of care, accommodation and medical treatment which are often not completely covered by social security payments. An immediate family member can also transfer assets into the Special Disability Trust without having that transfer taken into account for the purpose of their own eligibility for a pension.