If you’re making a decent income, building investment income can just add to your already massive tax bill, so it’s common to look for a smarter way to go about things. But the world of investment trusts, family trusts, discretionary trusts, and all the other tax entities can be overwhelming. There are often also a bunch of people in your ear that can have hidden agendas. It can be a minefield trying to figure out whether using a trust is something that will actually be worthwhile.
But for the right people, and when used in the right way, trusts can save you tens of thousands or even hundreds of thousands of dollars in tax. In this episode, I cover the key things you need to know about trusts to know if or when they might be the right move for you.
