i think the answer to question 1 is that without family trust, you can't necessarily distribute the profit to the bucket company and trading company without deemed as tax evasion if his question is just receiving profits in the bucket company, then it's not a bucket company, but a trading company
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Just a bit confused. Do you pay 30% tax on the money going into the bucket, as well as the 25% you've paid on profits in the trading company? Therefore you've paid 55% in total?
@DavieMach Thanks! Would another possible option to simplify things be to just pay fully franked dividends (25%) to shareholders directly from the trading company, as opposed to having a trust & bucket set up? Would I be wrong to assume that main benefits from having a trust & bucket company set-up is primarily for an extra layer of asset protection and flexibility in dispersing dividends to individuals (trading company limited to shareholders, whereas trust/bucket can distribute to multiple beneficiaries)?
i think the answer to question 1 is that without family trust, you can't necessarily distribute the profit to the bucket company and trading company without deemed as tax evasion
if his question is just receiving profits in the bucket company, then it's not a bucket company, but a trading company
Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow.🇺🇲
Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.
@@user-kj2iv6xr7sexactly!! that's why I always seek Mr J Clark's guidance before taking any step 😊
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
@@user-kj2iv6xr7sexactly that's why I always seek Mr J Clark's guidance in all I do 😊
exactly that's why I always seek Mr J Clark's guidance in all I do 😊
Just a bit confused. Do you pay 30% tax on the money going into the bucket, as well as the 25% you've paid on profits in the trading company? Therefore you've paid 55% in total?
@@GS-zm1mm you pay 30 % but you get a 25% franking credit so only pay a top up tax of 5%
@DavieMach Thanks! Would another possible option to simplify things be to just pay fully franked dividends (25%) to shareholders directly from the trading company, as opposed to having a trust & bucket set up? Would I be wrong to assume that main benefits from having a trust & bucket company set-up is primarily for an extra layer of asset protection and flexibility in dispersing dividends to individuals (trading company limited to shareholders, whereas trust/bucket can distribute to multiple beneficiaries)?
If you have kids in childcare, u definitely don’t want to pay yourself big money until they are in school due to subsidy that you receive😊