Article 1

Commonwealth Seniors Health Card (CSHC)

The CSHC assists qualifying senior Australians with health care costs as well as other benefits, such as the Seniors Supplement and a limited amount of concessions offered by Government bodies and certain private companies.

The CSHC is granted to those with income within the respective thresholds, which is $51,500 for singles and $82,400 for couples (combined).

The definition of income changed on 1 January 2015 to deem income from certain account based pensions. A summary is provided below:

  • Any account based income streams commenced from 1 January 2015 by someone aged 60 or more will be deemed for the CSHC.
  • Those who held the CSHC before 1 January 2015, and who had commenced an account based income stream prior to 1 January 2015 are exempt from deeming.

CSHC holders who are exempt from deeming don’t have any pension income assessed for the CSHC. As this assessment is generous compared to the current system, card holders should consider if any action could result in the loss of these provisions and contact their financial adviser if they would like greater clarity.

Thinking about an overseas holiday? An extended overseas holiday could result in the temporary loss of the CSHC. Speak to your financial adviser before taking that extended overseas holidays to discuss the potential impact on your CSHC entitlement.

Self Managed Super Fund (SMSF) videos

The Australia Tax Office has produced a number of short animated videos for trustees of SMSFs. The videos are designed to assist trustees of SMSF with the setting up of an SMSF, understanding the rules associated with operating a SMSF, making contributions and payments, and general administrative issues.

For more information, go to the Australian Tax Office website. If you are considering an SMSF, contact your financial adviser to discuss.


A scam is an attempt to trick someone into providing their personal information or parting with money. Ordinarily a number of scams are in constant circulation, such as lottery scams where you appear to have won a prize. At other times, scams are circulated to take advantage of certain events or key dates.

b)    Telephone calls alleging fake arrest warrants: Scammers have been calling people telling them that there is a warrant out for their arrest. Scammers may claim that an arrest warrant has been issued as the person hasn’t paid their taxes.

c)     The caller may claim to be from the Commonwealth Director of Public Prosecutions or the Australian Tax Office. The scammer will tell the caller that the matter can be resolved by paying a fee.

If you are concerned about potential scams, you can refer to the Australian Government website which was established to provide information to recognise, avoid and report scams..

RI Advice Group Pty Limited ABN 23 001 774 125, AFSL 238429. This information does not consider your personal circumstances and is general advice only. You should not act on any information without obtaining professional financial advice specific to your circumstances. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out.
< Back to RICK