Hello, I am very new to the Trust concept and wonder if it will be useful in my situation. Background I am an IT Consultant contractor earning around 130K gross. Till October last year, I was on a PAYG setup. My account recommended I set up a PTY LTD company. I have done that now. My wife earns about 45K gross. We have recently bought out first home. Goal My goal is to set up my financial profile in such a way that I'd have to pay least tax (don't we all) so I can afford to buy my first investment property. Someone mentioned the Trust concept whereby my partner and my income would be equally distributed. So I started reading up on it. The more I read, the more I got confused. You guys seem to know what you are talking about so wanted an opinion from you all as to what my options are and what's the best way to reach my goal. Cheers guys.