Hi guys , Seeking your guidance if possible as I’m struggling to wrap my brain around it. I have read a lot about bucket companies and the initial benefits from a tax perspective if you are a self employed but ultimately when the retained earnings need to come out of the company you need to pay top up tax if on the higher income band which makes sense. My question is if you have a trust say distribute to a bucket company 200k and 27.5 per cent tax is paid this leaves retained earnings say of 145k in the balance sheet of the business. Say the following year this is fully paid out to the shareholder will the amount of top up tax on the shareholders personal tax position be based on the 145k with the franking credits attached or the 200k initially distributed to the company and tax has already been paid on it? Just trying to understand if any benefit at all actually exists or not aside from a cash flow perspective initially. many thanks.