Australia's largest stock trading and investment forum Australia's #1 stock forum

Dishonest ALP Franking points, page-25

First 25 Last

Share
Profile

Follow
madamswer

17,042 Posts.

8454

30/01/19

22:29

Post #: 37271907
Share

Originally posted by HAC30 ↑

Originally posted by Dave R
People don't grow their superannuation to take pressure off the pension scheme willial they grow it because it pays them a lot more than the pension would. And many of the people you are talking about claim a part pension anyway so will still get their franking credits refunded.
Only those with no pension income at all, in other words non taxpaying wealthy retirees will no longer be refunded franking credits under Labor policy. IMO nobody should be refunded tax they never paid but I suppose Labor can not risk getting too many of their retired supporters offside just before an election.
Dave R.
Dave, said it before, and will say it again. Read the intergenerational report. Read all of it.

As per the intergenerational report, the only way our age pension system is sustainable with our aging population is through increasing average superannuation balances to mInimise reliance on welfare. This policy promotes the exact opposite.

May not be your problem, but spare a thought for everyone else.

Expand

"May not be your problem, but spare a thought for everyone else."

Thinking about others?
Evidently not quite in @Dave R's psychological make-up.

Dave reckons a universal pension for all is the way to go.
Funded, presumably, by the magical Perpetual Pension Pudding.

.
15 Upvote

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 319 more messages in this thread...

First 25 Last