ZIP 1.93% $1.78 zip co limited..

$3 SOON, page-855

  1. 1,026 Posts.
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    Yes, only one $30K per individual/entity. For example, if an individual has separate SelfWealth and CommSec accounts holding ZIP you cannot get 2 bites of the cherry.

    However, if "hypothetically " you control multiple legal entities/trusts for asset protection: FFS-Family Discretionary Trust, FFS-Family-SMSF Trust, FFS-Corp Asset Bucket Trust, all with different CHESS sponsorship accounts you can get 1 bite of the $30K each. Hypothetically this structuring will cost costs $20K a year for accountants/lodgement fees, but it's a 3-5X ROI depending. Hypothetically , $70K distribution to each family member as individual income, then $27.5K for each super at 15% tax to each member, and the residual goes into the corp bucket at 27% tax.
    Last edited by FreeFromStyle: Yesterday, 20:22
 
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