Hi Piste, No, franking credits are a no go area. Grandfathering and capping just add further complexity . As the retirement income tax system is unsustainable, and only going to get worse, changes will have to be made. Mucking around with the franking credits does not fix the problem. Obvious easy targets are the accumulation accounts sitting above 1.6 million, and the tax free threshold for income outside super, when in pension phase. I will be surprised if they aren't brought in by the libs this term. Think of who that targets. Not a group that many people will care about? Surgeon's scalpel, as opposed to Labor's clumsy baseball attack on middle of the road superannuants. And hi JonnoH, that 8 percent were a bitch, weren't they? Wouldn't mind betting the idiot who came up with this dog's breakfast of a policy is at this moment staked out over an ant's nest. I will be forever irritated that their economically and politically blind populist tripe, has cost other more meaningful tax and social reform. cheers
