Demystifying the Tax Pool in Discretionary Trusts - A Bite-Sized Guide

Introduction

This short webinar will delve into the intricacies of the tax pool essential for maintaining discretionary trusts.

Exploring its composition, rationale, and operational mechanisms, the webinar offers a comprehensive understanding of the tax pool dynamics.

If you seek clarity on the who, how, and what of managing tax pools, this webinar is tailored for you.

What You Will Learn

This webinar will cover the following:

• The operation of the trust-to-beneficiary system
• The concept of the tax pool and its significance
• The necessity of maintaining the tax pool
• Identifying the responsible party for managing the tax pool
• Whether tax on trust management expenses contributes to the tax pool
• Whether the tax pool charge is incorporated into payments on account
• Illustrative examples incorporating updated tax rates for the year 2024

This pre-recorded webinar will be streamed at 12:30pm on Friday 8th November 2024 and will remain available to view by delegates who have registered by then for 90 days.