We have spent a couple of days investigating Special Disability Trusts. To summarise our findings of them:
They cost a fortune to set up, they are a pain to maintain, the tax law surrounding them is a obscene and they are ridiculously limited in what they can be used for. They are rubbish!
Apparently there are four public servants managing it and there are currently only 10 such trusts set up in Australia.
I am not asking for much. I just want to give some money to my disabled child to ensure that his future is financially secure. But if I do then social security don't recognise that I have done so and the tax office will take the lions share of what I put in.
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