{"id":103975,"date":"2025-08-28T21:28:07","date_gmt":"2025-08-28T21:28:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/103975\/"},"modified":"2025-08-28T21:28:07","modified_gmt":"2025-08-28T21:28:07","slug":"should-you-invest-in-a-trust-why-trusts-are-still-tax-efficient-wealth-choices-for-lawyers-accountants-doctors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/103975\/","title":{"rendered":"Should you invest in a trust? Why trusts are still tax efficient wealth choices for lawyers, accountants, doctors"},"content":{"rendered":"<p>Aug 29, 2025 \u2013 5.00am<\/p>\n<p>Gift this article<\/p>\n<p class=\"-d6475070fa5e1d14-title\" data-testid=\"Modal-title\">Subscribe to gift this article<\/p>\n<p class=\"-d6475070fa5e1d14-giftDescription -d6475070fa5e1d14-noMaxWidth\" data-testid=\"Modal-description\">Gift 5 articles to anyone you choose each month when you subscribe.<\/p>\n<p><a data-testid=\"Modal-subscribe-button\" href=\"https:\/\/subscribe.afr.com\/?promote_channel=HI_AGFT_GNL_GIFTCTA&amp;utm_source=ArticleGifting&amp;utm_medium=HouseInventory&amp;utm_campaign=General&amp;utm_content=GiftCTA\" class=\"-d6475070fa5e1d14-subscribeButton\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe now<\/a><\/p>\n<p class=\"-d6475070fa5e1d14-subscribeSubtext\">Already a subscriber? Login<\/p>\n<p>Lawyers, accountants and doctors \u2013 pretty much anybody who works for themselves \u2013 can get massive tax advantages simply by reorganising how they receive income.<\/p>\n<p>One strategy \u2013 the family trust \u2013 is bread and butter to <a href=\"https:\/\/www.afr.com\/link\/follow-20180101-p5k3i0\" rel=\"nofollow noopener\" target=\"_blank\">Chris Balalovski<\/a>, a partner in BDO Australia\u2019s business services team. He says this entirely legal structure could cut a typical professional\u2019s tax bill by $62,983 a year. But there are even bigger benefits for professionals with a self-managed superannuation fund, which we will detail later.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Aug 29, 2025 \u2013 5.00am Gift this article Subscribe to gift this article Gift 5 articles to anyone&hellip;\n","protected":false},"author":2,"featured_media":103976,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-103975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/103975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=103975"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/103975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/103976"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=103975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=103975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=103975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}