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I agree very well said.

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royfern

362 Posts.

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15/03/18

01:49

Post #: 31763122
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Originally posted by logco ↑

We both have shares outside our SMSF my wife has about $150000 of mainly bank shares so she will loose about $3500 franking credits and many pensioners are in the same boat some of these people also lost their pension or part pension when Turnbull changed the asset limits,so they are getting hit twice.

What is wrong with what Turnbull did and what Shorten is proposing is that people have spent money on planners set them up only have the laws changed and they have lost money ,we have been conned super is becoming a rip off Shorten said that 50% of the franking credits go to I think he said 8% so why go after everyone they could set some limits on claiming credits ,when Turnbull changed the assets test Shorten and the Labor party put on a show saying Turnbull was going after the poorest and most vulnerable but this is worse and will cost him.

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I agree very well said.
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