The strategy of a Bucket Company is surprisingly useful for a family trust to cap the amount of tax you or your family members need to pay. The term ‘bucket‘ is used because company sits below a trust and it is used to distribute income to it. It is good for tax planning and minimisation. …
There are three main type of property trusts a) unit trust b) discretionary or familty trust c) hybrid trust Unit Trust – assets owned in the trust are split …
What is SMSF SMSF is a superannuation trust structure which is a private superannuation fund and is regulated by the Australian Taxation Office (ATO) that you manage it yourself for your retirement. It can be setup up to four (4) members. The difference betwee a SMSF and other super funds is that all the members …
There are many types of trusts that are setup to protect financial assets and income from claims against the beneficiaries or trustee. Deceased estate trust Discretionary trust Fixed trust Fixed unit trust Hybrid trust Public unit trust – listed or unlisted Special disability trust Superannuation funds trust Charitable trust and many more There are two …
Why do we setup a trust? To separate the owner of the asset (the beneficiary) and control over that asset (the trustee). Greater flexibility in tax planning. To protect assets from financial claims made against the beneficiaries. Use as a business entity either for business trading or investing What does a trust need? The settlor: The …
