We do but a family trust isn’t relevant to an employee’s salary. E.g his Netflix salary wouldn’t be able to go into the trust until after paying income tax on it.
If he wanted to e.g invest in his wife’s name for tax reasons he could just transfer her the taxed income for her to invest with instead of using a trust.
Trusts provide the flexibility to distribute that future investment income to whichever member in that particular year to optimise tax.
If he wanted to e.g invest in his wife’s name for tax reasons he could just transfer her the taxed income for her to invest with instead of using a trust.
Trusts provide the flexibility to distribute that future investment income to whichever member in that particular year to optimise tax.