29-September-2006
Goldstein Media Releases, Health
Families will now be able to place up to $500,000 in a Special Disability Trust which will not impact on any support income, such as the Disability Support Pension, which they may receive, now allowing families to plan for the future care of a child with a disability.
“Many people with children who have a disability have expressed their frustrations about how they were being penalised for planning for their children in advance, because they were losing their support pensions which they relied upon,” said Andrew Robb, the Federal Member for Goldstein.
“This new measure will give parents much greater peace of mind, as they will be able to make plans, and ensure that their children will have enough money to be well cared for after they are gone.”
“Parents will be able to save and put away up to $500,000 into the Special Disability Trust, without having any of their government income support affected.”
A sample trust deed and booklet explaining the requirements of the trust is available at www.facsia.gov.au or by calling 1800 059 059. Or please call the office on 9557 4644 for further information.
Media Contact: Kathryn Hodges 0409 132 567