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Labor to scrap franking credit refund...This will be front page news today...., page-213

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JonnoH

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04/04/18

19:41

Post #: 32223607
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Originally posted by benson1610 ↑

The sooner the better the smsf association makes public the list of smsf's that provide far less income relative to shortens examples the better.
Sry can't remember the exact figures but absolutely the average or even the medium value of smsf's is well below even the coalition cap of 1.6m.ie more like the 1.2m or 600k to 800k average/medium whatever.
These figures at some stage will be listed and made public which imo will make shorten look like a fool by suggesting he is after the multi million dollar smsf's as 'only' he and bowen talk about,which as per previous posts by other posters are capped at 1.6m.
Shorten wants everything public,hospitals,schools,smsf's which raises the obvious question ,many talk about why the govt should subsidise the private sector,imo the answer is obvious ,the private sector is sudsidising the govt ie private hospital insurance,smsf retirement income,private schools.
DH's when you think about the cost to the budget for public health,public schools and the age pension with australia's aging population.

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90% of the superfund franking credit refunds go to SMSFs.

50% of the total smsf refund value goes to the wealthiest 10%.
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