@christophercharlton_ca: The key to setting up a family trust properly lies in getting the beneficiaries right. Most people don’t realise that beneficiaries can go beyond the immediate family. By including a company as a beneficiary and structuring it correctly, you can limit your tax to 25 cents on the dollar instead of 47 cents. Here's why that matters, trusts must distribute profits in full to beneficiaries. If mum and dad are already earning income, additional trust profits can push their tax rate to 47%. Instead, funneling those profits into a beneficiary company reduces the tax burden and allows the company to reinvest or acquire assets in a secure, tax-efficient way. #tax #accounting #financial #budget #learning #investing #sydney #australia #viral #fyp #foryou #trust