The advice given on the take out rates and hurdles was the best. Juat start there and se a competent firm of accountants or tax specializing lawyer - especially if you want to go the trust - route. the idiots who given advice on trusts out there are like the bubonic plague- to be avoided. Just remember once you introduce a third party - trust or company - you introduce two things - which are never going to go away. 1. Costs and this is not only a yearly cost- but at least remember that those costs will rise faster than inflation. 2. Secondly, you introduce a target for SARS. And planning on the basis of what you see as existing rules is not necessarily going to be enough. This I say on while having cast an eye over the run- up to where we are - and casting forward a glance into what one could term scenario tax planning in the light of a government which needs money - and a closed world tax system. SO while the Newcastle man is right - don't forget the problems of tax. And remember - we don't make those laws.
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