Discretionary Trust

Discretionary Trusts: A discretionary trust, also known as a family trust or a trust of discretion, is a type of trust where the trustee has discretion over how to distribute the trust's income and assets among the beneficiaries. Unlike other types of trusts where distributions are made according to specific criteria or proportions, the trustee of a discretionary trust has the flexibility to decide which beneficiaries receive distributions and in what amounts. This flexibility allows the trustee to respond to the changing circumstances and needs of the beneficiaries, making discretionary trusts a popular choice for estate planning and asset protection purposes. The beneficiaries of a discretionary trust do not have a fixed entitlement to the trust's income or assets but rather rely on the trustee's discretion to receive distributions based on their needs and circumstances.

shpe services

The Best Way to Set Up A Discretionary Trust

Skilled SMSF Accountants

Understanding Your Discretionary TRust

Discretionary Benefits

A wide range of investment options, from shares to real estate.

Cost savings and transparency around your investments.

Strategies to reduce your tax payments.


SMSF Accounting And More

Flexible Accounting Services to Suit Your Needs

DigiTax offers a full suite of individual and business accounting services. Our talented team of Australian accountants specialise in the following fields:

 Partnership tax returns

 Tax returns for share and

property investors

 ATO Audit Assistance

 Business activity statements

 Bookkeeping services

 Financial Statements

 ABN registration and

company structure set up

 Company tax returns

 Self-managed super fund tax returns

 Sole trader and contractor tax returns


SMSF Tax Returns Made Easy

Enjoy Tailored SMSF Tax Return Support

Start the Conversation

We're here to help with all your accounting needs

Ready for your easiest tax season yet?

Contact DigiTax today.