Hi All,
A question please.
I have searched for the answer, but cant find anything definitive , or recent.
Going into the 2016 election, the ALP had a proposal that any income over 75k in a pension fund would be taxed at 15%.
Does it still apply?
Also, if it does, how would this interact with the franking credits changes?
At present, your dividend income, in whatever entity you receive it, is the cash dividend plus the franking credit.
I can imagine a scenario where your cash income might be 70k , your franking credits were 30k.
Total income 100k, hence taxable.
Trying to work out if this needs to be factored into my mitigation strategies, for the franking credit changes.
cheers
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