Private ancillary funds – trustee guidance

Information about private ancillary funds (private AFs) for trustees and directors of trustees.

Last updated 28 March 2021

Private ancillary funds (AFs) include funds formerly called prescribed private funds (PPFs).

It is essential for you to read the private ancillary fund guidelines in addition to the information on this webpage.

See Taxation Administration (Private Ancillary Fund) Guidelines 2019External Link for more information.

Establishing a private ancillary fund

Information about establishing a private ancillary fund.

The trustee is expected to have sufficient liquidity to allow appropriate distributions in every financial year.

Administrative penalties can be applied for non-compliance with the private AF guidelines.

Information about making a voluntary disclosure.

QC24109