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  • Profile photo of hk0617hk0617
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    @hk0617
    Join Date: 2010
    Post Count: 3
    October 31, 2010 - 9:55 am
    Terryw wrote:
    Unlimited from the trust point of view.

    If you are talking tax, then you have to look up the ATO website and find children's tax rates and also consider the low income rebate.

    I think it is about $3,600 pa before they have to pay tax now – this is on unearned income. If they have jobs and get salary etc, then they are taxed at adult rates and may earn up to $16,000 pa and no tax.

    TerryW,

    Thanks for your information. I found the ans I was looking for from ATO site (which is what you wrote).

    Regards
    HK

    Profile photo of hk0617hk0617
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    @hk0617
    Join Date: 2010
    Post Count: 3
    October 23, 2010 - 11:45 pm
    Terryw wrote:
    the trust deed will determine this. usually there is no limit

    Terry, how about children's age Vs how much can be distributed? hk0617

    Profile photo of hk0617hk0617
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    @hk0617
    Join Date: 2010
    Post Count: 3
    October 23, 2010 - 8:57 pm

    Good morning to all experts, I am looking for information on how much can a family trust disdtribute imcomes to its beneficiary (family members)? Can someone tell me where can I look this up?
    HK0617

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