Trusts Act 2019

Express trusts

18: Accumulation of income by trust

You could also call this:

"A trust can save its income for later if its rules allow it"

Illustration for Trusts Act 2019

When you have a trust, it can save some of its income for later, as long as this is allowed by the trust's rules. You can think of a trust like a container that holds money or property for someone else. The trust's rules say what can be done with the money or property, including whether income can be saved for later.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382884.


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"What happens to trust property when the trust ends"

Part 2Express trusts

18Accumulation of income by trust

  1. A trust may accumulate income to the extent that is consistent with its terms.