869794;AFSLNo240023).AETprovidesarangeofprofessionalestateplanning,
superannuation, trustee and investment services to clients across Australia. AET assists
clients in drafting wills, preparing an effective power of attorney and providing all the
specialist professional services required in estate administration. For more information on
establishing a Private Ancillary Fund, call 1800 882 218 or visit
provides general
advice only and its
recipient should seek
professional advice
before relying on its
contents. AET believes
this information to be
reliable as at date of
issue but excludes all
liability to the extent
the law allows.
program, as the income and capital gains
earned within this type of structure are
exempt from tax.
This also means these funds can attract
a refund of franking credits attached to
dividends received, which can further
enhance the amount available for
distribution to beneficiaries. These tax
concessions mean these long-term giving
structures often generate income and
capital faster than the same portfolio held
in any other way. In addition, the PAF is a
deductible gift recipient (DGR), meaning
contributions made to the PAF are
tax-deductible.
with the same amount. If you establish a
PAF, which distributes 5% per annum and
generates capital growth of 5% per annum
(assuming constant annual returns), after 20
years the PAF will be worth more than $2.5
million and will have distributed close to
$1.6 million.
many years ago that now have a significant
capital sum and have distributed millions of
dollars to benefit the community.
work with you and your adviser to establish
your PAF and put in place the necessary
documents and governance structures so it
willoperatesmoothlyandefficientlyinthe
future. We can provide a trustee solution,
acting as a trustee and overseeing the
investment of funds held in trust.
fiduciary services, and will ensure your
PAF meets the active `responsible person'
requirements at all times.
management of the PAF are taken care of.
This allows your investment adviser to focus
on the investment management and you
to focus on engaging with philanthropic
organisations and finding worthy programs
to fund.
when establishing and managing a PAF, and
may penalise the directors of the corporate
trustee for failing to comply with prescribed
guidelines. By utilising professional services,
you can be sure that your PAF will be
established correctly and managed prudently
andefficientlyintothefuture.