Australia's largest stock trading and investment forum Australia's #1 stock forum

Roughly how much would you need to earn to make this worthwile?...

First 5 Last

Share
Profile

Follow
ace7979

102 Posts.

17

30/11/17

08:14

Post #: 29238458
Share

Originally posted by The outvestor ↑

Back in the day that was a very popular strategy. However the ATO got savvy to this about 4-5 years ago and introduced legislation to impose the highest tax rate for children under the age of 18. If you don't have suitable family members to distribute to and are on a high tax rate, one option is to take advantage of the 30% company tax rate by setting up a company and distributing to it. Ideally a franked dividend can be paid out of the company in future years when you are on a lower tax rate. If you're not experienced in this kind of stuff you would obviously need to see an accountant.

Expand

Roughly how much would you need to earn to make this worthwile? What are the setup and running costs?
Upvote

Reply

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

First 5 Last