Franking credits - gone?

only those on retirement with a refund other than that it crazy to sell as you can still use the 30% franking credit to offset your contribution tax in accumulation account, even then it not a sure thing why act irrationally, still got plenty of time to work through it if labor get elected.

I did not sell a single shares even labor threaten to slap a cap on MPL fees. I want to see the reality with facts before I change my mind

 

Yep, also saw it on this site.

 

I didn't found them annoying and nor neccesarily did I find the posts I agreed with nice and gentle, some were just as loud.

I have also criticized posters for the tone of the post when I have agreed with their sentiments.

 

Anthony Albanese says policy reset needed after election, but curbing franking credits still on cards

Albanese says policy reset needed, but curbing franking credits still on the cards

And this. Albo’s giving the Libs advice now:

 

Good. They should keep running the same policy agenda election after election until they win.

 

Quite possibly! But I do have a large range of people from different interest groups, ranging from self funded retirees, pensioners, business owners, young skaters & their parents and family.

 

Yes so stupid of Labor. They would have still gotten the bulk of their revenue with a limited cap. That would have ensured only the real target, the wealthy, were hit.

This from Wilson also:

 

Problem is they wouldn’t have raised much revenue with a cap. The reality was, most of the revenue would have been collected from "many" people receiving relatively small amounts. It was the dishonesty of the policy.

A cap would have dealt with the equality issue leaving only a small amount of people receiving large refunds effected, but it wouldn’t have raised anywhere near as much revenue to fund their spending promises.

Franking credit policy was all about raising lots of money in a way they obviously hoped those that would ultimately be affected wouldn’t understand. – Backfire!!

Those large numbers who stood to lose relatively small but significant to them amounts, were all over their personal situations, knew they weren’t wealthy and knew they weren’t rorting the system with handouts and gifts. They didn’t buy the class warfare sales job.

When Labor arrogantly wouldn’t listen to their reasonable concerns those large numbers affected, bent the Labor party over the ballot box and gave them a right royal rogering.

 

So can the company not decide to completely do away with franking credits and just increase the base share price? Would it not work out the same overall?

 

Yeah, but the projected revenue was never going to happen For example sell down some shares and buy an IP and you get your franking credits back. The projected revenue did not account for changes in investor behaviour. It was a swing and a spectacular miss.

 

Even though Labor received their deserved loss I'm still annoyed by the policy and Albanese is still considering it. Wow.

A cap sounds reasonable but I'm dubious about arbitrary figures pulled from the nether regions of the incompetent. An analysis should calculate a cutoff where hardworking retirees are not significantly punished. Gramdfathering may also be a fair option.

I was interested in how many self funded retirees would have flipped to a pension had the policy been legislated.

It was an us versus them policy in a world that needs collaboration.

Stupid, stupid Labor.

 

58B in lost services...*shakes head*

 

58B belonging to those who sacrificed and saved capital for their retirement and will now undoubtedly continue to invest and spend it wisely.

Versus not transferring that 58B to be spent inefficiently by the government on those who don’t/didn’t make the sacrifices to look after themselves!!!

You can shake your head – and I’ll do a happy little jig.