Concession Card Eligibility for Self Funded Retirees and Low Income Earners
CoggerGurry • August 10, 2023
COMMONWEALTH SENIORS HEALTH CARD
Who is eligible?
- Person of Age Pension Age not receiving a Pension payment
- Income assessed, with Adjusted Taxable Income, plus deemed income from certain Account Based Pensions
- Income needs to be lower then $90,000- for a single person, $144,000- combined for a couple and $180,000- for a couple separated by illness
- No asset test applies to this concession card
LOW INCOME HEALTH CARE CARD
Who is eligible?
- Be 19 years of age or older and an Australian resident
- Have income within the following allowable thresholds, based on average weekly assessable income over the 8 weeks immediately before making a claim
- Single, no children $702 x 8 = $5,616
- Couple combined, no children $1,204 x 8 = $9,632
- Single, one dependent child $1,204 x 8 = $9,632
- Couple combined, one child $1,238 x 8 = $9,904
- For each extra child, add $34 x 8 = $272
- Income includes, employment income from wages & self-employment income, net rental income, reportable super contributions, deemed income from financial investments, plus account based income streams, defined benefit pensions, income from private trusts and companies.
- Again no asset test applies to this concession card.
Should you have any questions in relation to the above please contact Alan Oakley who is able to assist with the completion of the necessary claim forms.
Our office will be closed for the Easter Holiday from Friday the 18th till Monday the 21st April, reopening on Tuesday the 22nd April 2025 Everyone here at CoggerGurry would like to wish you all a safe and happy Easter break
Our office will be closed for the Easter Holiday from Friday the 18th till Monday the 21st April, reopening on Tuesday the 22nd April 2025 Everyone here at CoggerGurry would like to wish you all a safe and happy Easter break
The 2025–26 Federal Budget has reinforced the Albanese Government’s commitment to tax compliance, with a major boost in funding to the ATO to strengthen enforcement—including Fringe Benefits Tax (FBT). With that extra funding comes increased ATO scrutiny on employers. If you're responsible for FBT compliance, now’s the time to get your house in order. High-Risk Areas Under the ATO Microscope : 🚗 Car Fringe Benefits Incorrect vehicle classification (especially dual cab utes and SUVs). Invalid or poor-quality logbooks. Incorrectly treating private use (e.g. home to work, errands) as business use. Misuse of the statutory formula method. 🍽️ Meals & Entertainment Misunderstanding what qualifies as deductible vs. entertainment. Inadequate documentation for functions or staff events. Incorrect application of the "otherwise deductible" rule. ⚡ Electric and Plug-in Hybrid Vehicles From 1 April 2025 , PHEVs lose their FBT exemption unless: The car was in use before 1 April 2025, and There is a binding agreement to continue use post-1 April. Many employers are still unaware of these transitional rules. 🚨 What the ATO Is Watching Nil or non-lodged returns where fringe benefits were likely provided. Incorrect treatment of employee contributions . Mismatches between FBT and income tax reporting. Penalties can be up to 75% of the shortfall , so it pays to be proactive. ✅ What You Should Do Review the benefits you've provided in the 2025 FBT year. Reassess logbooks, vehicle use, and entertainment records. Seek advice on grey areas like PHEVs or meal benefits. Lodge and pay on time. 📞 Need help reviewing your FBT exposure before the deadline? Get in touch today—we’re here to help you stay compliant and penalty-free. Read more about this on our website HERE or give us a call on 03) 5571 0111 📅 Key FBT Dates for 2025 FBT year ends : 31 March 2025 Lodgment due (paper) : 21 May 2025 Lodgment due (tax agent) : 25 June 2025 Payment due : 28 May 2025
