Changes to franking credits not thought through

By Noel Whittaker
February 28 2019 - 8:00am
Investors affected by Labor’s changes may close down their self-managed fund and moving the entire balance to an APRA-regulated industry or retail fund; reduce investments in Australian shares that pay franked dividends; or increase investment in international funds.
Investors affected by Labor’s changes may close down their self-managed fund and moving the entire balance to an APRA-regulated industry or retail fund; reduce investments in Australian shares that pay franked dividends; or increase investment in international funds.

Labor’s attack on retirees — through removing the refund of excess franking credits — is getting increasing publicity. Recently even the ABC’s 7.30 jumped on the bandwagon in what they claimed was an attempt to explain the system.

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