17 December 2020 - Promissory Notes History and Strategy

According to the Commissioner of Taxation a Promissory Note is similar to a cheque and can be used to make a contribution or a pension payment. Of course there are compliance issues that must be met. Further a PN is used in the Protector and can be used for trust distributions. In this session we look at what a PN is, how to use it, when to use it and my top five strategies for use, over and above the basics. A vital tool for all Strategists.