Getting money out of a bucket company

The Holistic Accountant

In this episode, Stuart and Mena discuss what to do with your trapped funds in your corporate beneficiary:

• Look at your structure of the corporate beneficiary – are your shares individually owned? Is your corporate beneficiary also your Trustee?
• Why is retaining funds in the corporate beneficiary an issue? No strategy can lead to not only compliance issues in Division 7A problems, but also an opportunity cost – i.e. can you use those funds to invest.
• Company can invest directly in shares and property. Talk about franking differences and CGT discounts
• Lending money to a related corporate entity to invest is not subject to Div 7A
• Dividends – when should you ideally pay dividends
• Employing family members and or super contributions

If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey!
Click here to subscribe to our weekly email.
SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.
Work with Mean & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedIn
IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.