Mr Shorten will announce a Pensioner Guarantee for pensioners* and people on allowances, saying they will be protected from the loss of cash refunds for excess dividend imputation credits when the policy commences in July 2019 – should Labor be elected to government.
There will be a cut-off provision for self-managed superannuation funds with at least one pensioner or allowance recipient.
That would have to be the situation as at March 28.
Labor believes this means that every pensioner will still be able to benefit from cash refunds.
*But only for some aged pensioners. There will be a group which will not enjoy this "Guarantee", lol.
When is a guarantee not really guaranteed? When it is made by Bill Shorten!!!
