HELP FIGHT LABOR’S RETIREE TAX
At the moment, the Tax Office refunds the extra franking credits received from shares if your marginal tax rate is less than company tax paid. This is to prevent the ‘double taxation’ of company profits.
Labor has announced a policy to abolish these tax refunds.
If you …
• begin receiving a full or part pension after March 28 2018 and own shares
• are on a low taxable income and own shares
• have shares in a self-managed super fund
You stand to lose out from Labor’s policy.
If you want to help fight Labor’s unfair plan, fill out the form below.