Federal Labor has pledged to impose 30pc tax rate on family trust distributions

Opposition Leader Bill Shorten has dismissed as desperation the Government's dismissal of his plan to crack down on high-income earners using family trusts to minimise income tax. Under the plan, there would be a minimum 30 per cent tax rate on distributions to people over age 18. And the measure would be expected to raise more than $4 billion in revenue over the first four years. Mr Morrison Described Mr Shorten as a "till raider". So what is the family trust? Why it becomes an important topic for the Labor? Is it suitable for every family as a good financial plan? The founding partner of the Addsum, Cathy Guo, showed her opinion.

The founding partner of the Addsum, Cathy Guo Source: by Addsum