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. […]
How Bucket Company works in Family Trust and what you should really know! Read More »
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
Buying property in a trust and the details to help you get your facts right Read More »
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
Self Managed Superannuation Fund (SMSF) Read More »
There are many types of trusts that are setup to protect financial assets and income from claims against the beneficiaries or trustee. There are two main type of trusts which are commonly used in business and by individuals, Discretionary or family trust Discretionary trust or family trust is the most common structure used by families
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
What is a Trust and How does it work Read More »