Ep 24: What you must know about trust distributions

Send us Fan Mail

This week Mena and Stuart what you must know about trust distributions. Main points include: 

• Not presently entitled to income is taxed at 45%, so it’s best to make a distribution. 
• Trustee minutes must be completed prior to 30 June, so tax planning should be an ongoing process. 
• From here on in it is very likely that you must distribution the actual cash for any distributions other than to your spouse or children under 18. 
• When distributing to a corporate beneficiary, be careful about Div. 7A loans and discuss what you can potentially do with the funds – there must be a strategy. 

If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey!

Click here to subscribe to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.