Why testamentary trusts just became the new tax superstars

The exemption for testamentary trusts means it is still possible to get significant tax benefits and robust asset protection ...
Australian Broadcasting Corporation

High-income earners use discretionary trusts to pay less tax, but will budget change have unintended consequences?

The federal budget includes a new 30 per cent minimum tax on discretionary trusts. From July 1, 2028, income generated within a discretionary trust will be taxed at 30 per cent, with the tax paid out ...
Australian Broadcasting Corporation

Economists say trusts help people pay less tax, but stopping that could be difficult

The federal budget is set to contain changes to the tax rules for trusts. Economists Bob Breunig and Kristen Sobeck say trusts are a popular vehicle for financial planning and can substantially reduce ...