An introduction to SMSFs
Thursday 27 July 2023 at 11:00 am AEST
What you need to know about setting up and running a self managed super fund. We will take you through the key issues that trustees face when managing their own super fund.
Q: In a few months I’ll meet all requirements but my wife will not meet the Age Pension age test. Do I get a card but she doesn’t, do we both get cards, or we both not qualify?
A: When you are in receipt of the Age Pension, you will get a Pension Concession Card and your wife will be listed on your card as a dependant. Both the cardholder and the dependant are eligible for the Pharmaceutical Benefits Scheme Concession. Other concessions such as utilities, public transport, car registrations can vary from state to state and even between providers. Your wife may be eligible for a Low Income Health Care Card in her own name if your combined assessable income is less than $9,016 total in the 8 weeks prior to applying.
If you’re not receiving Age Pension you may be eligible for a Commonwealth Seniors Health Card. The card is available to more people than ever before thanks to changes this year to the income limit, and can significantly reduce the cost of healthcare.
Find out more here.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
