This is some of an article by Robert Gotliebsen on super chnages.
The second threat comes from the ALP, which is trying to help its mates in the industry funds by attacking self-funded retirees using self-managed funds. The ALP plans to remove franking credits from those self-managed funds with sufficient money to self-fund their own retirement. It’s telling them if they want to keep their franking credits they must join an industry or retail fund. The measures are carefully crafted so that the ALP is not attacking those that have substantial sums in superannuation. It is the battlers that they want to push into industry funds. It is absolutely outrageous and represents the best chance the Coalition has of being re-elected at next year’s election.
