Thanks mistyrains,I have a management accountant background,...

Thanks mistyrains,

I have a management accountant background, therefore not too uncomfortable with undertaking a compliance role in terms of tax file numbers, calculating accounting profits or preparing a set of accounts. However, not an expert on legal or tax issues.

I am now just getting myself familiar with structuring for risk and tax purposes. The suggestion for a company as beneficiary comes from my (admittedly not to deep) reading on the matter. Having a co as beneficiary allows the trustee to flow profits into a 30% taxable environment.