Denben - you wrote: 'Has anyone worked out how much this little setup: (Retirees hit by Coalition's plan to fund Paid Parental Leave) will cost each of us?' AND
'I am still waiting for someone (just one!) to address the matter at hand'
Here is your answer:
If you had $1000000 invested as a self funded retiree in fully franked top 300 companies and your average yield is 4% you currently get:
4% x 100/70 = 5.7% = $57000 (grossed up)
After the PPL/company levy you get:
4% x 100/71.5 = 5.59% = $55900 (grossed up)
ie $1100 less per annum
This is the worst case scenario. If you have a mix of franked and unfranked equities, fixed interest, property - you would be far less disadvantaged.
