SUPERANNUATION FUND FAQ

SUPERANNUATION FUND FAQ 1              What is a Superannuation Fund? It is an indefinitely continuing Fund set up as a trust to enable members and employers to contribute money over a period of years to provide for the members and member’s dependants when the member retires or dies. 2              How is a binding death benefit nomination […]

UNIT TRUST FAQ

 UNIT TRUST FAQ  1. What is a Standard Unit Trust? A Standard Unit Trust is a Trust divided into units all of the same class that gives the unit holders equal rights to vote and share in the distribution of income and capital in proportion to the number of Units held. A Unit Trust does […]

DISCRETIONARY TRUST FAQ

DISCRETIONARY TRUST FAQ  1.                   What is a Discretionary Trust?          An arrangement set up by Deed of Settlement (a Trust Deed) that permits a Trustee to hold assets for a beneficiary (or beneficiaries) and to distribute income and capital between the beneficiaries as and when the Trustee exercising a discretion decides. 2.            How is a […]