• Private Trusts & Private Foundations

  Question on Superannuation

  Posted by mim on July 18, 2024 at 1:01 pm

  Hi all, a question, I’m not knowledgeable in this area, I need to open a superannuation fund, should I look into a private trust or foundation?

  mim replied 11 months ago 3 Members · 4 Replies
• 4 Replies

• 

  John

  Member

  July 18, 2024 at 1:25 pm

  Hi! I haven’t tried to set up a superannuation fund that is linked to a private trust nor a private foundation but I don’t think it can be done. Not that I’ve tried, but my understanding is that it would require you to register your trust (make it public) before you connect a superannuation fund and your trust together. At least temporarily – you could let the trust public registration expire – but even then I don’t know if that would be an ongoing problem?

  We have both a private foundation and a private trust, and a SMSF, but none are connected.

  • 

    mim

    Member

    July 19, 2024 at 4:44 pm

    Thank you so much, the information is very helpful. 😊

• 

  SE.Founder

  Member

  July 30, 2024 at 8:02 pm

  Hi

  SMSF is a public realm entity and cannot be mixed with a private realm enity such as a Non Reg Trust. There are ways to “manouvre” the funds so at least some can escape into the private realm. Details can be shared on a Trust appointment. Cheers Mark

  • 

    mim

    Member

    August 1, 2024 at 9:23 pm

    Thank you

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