Saw this post from poster Taurisk on another thread. If the info is correct many here will be relieved that is the case. Taurisk says that that the Labor Shadow Treasurer has said it would not impact retirees with super balances under one million dollars.
"I also listened to an interview on Radio National with the shadow treasurer this morning and he said that as far as self-funded retirees are concerned that it wouldn't touch anyone with less than $1 Mill in their fund.
(I seem to remember you are still working)Taurisk!”
Also-
"Independent economist Saul Eslake said 92 per cent of Australian taxpayers did not receive imputation credits "and as a result will be entirely unaffected by the change". Mr Eslake called the ALP policy “sensible economics"."
