With individual trustees, the sole purpose of the fund must be to provide old age pensions. With a Corporate Trustee the fund has the flexibility of lump sum or pension payments. Q: What is a Loan Agreement?

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With individual trustees, the sole purpose of the fund must be to provide old age pensions. With a Corporate Trustee the fund has the flexibility of lump sum or pension payments. Q: What is a Loan Agreement?

April 26, 2017age corporate fund individual pensions purpose sole TRUSTEES

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With individual trustees, the sole purpose of the fund must be to provide old age pensions. With a Corporate Trustee the fund has the flexibility of lump sum or pension payments. Q: What is a Loan Agreement?

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score 0 · Answer 1 · 2009-02-21T22:05:29+00:00

A Loan Agreement is an agreement between the borrower (usually a shareholder) and their company. If a Loan Agreement is not in place, any loans which are made to the shareholder are deemed to be dividends and taxed accordingly.

With individual trustees, the sole purpose of the fund must be to provide old age pensions. With a Corporate Trustee the fund has the flexibility of lump sum or pension payments. Q: What is a Loan Agreement?

1 Answer

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