You likely benefit from dividend imputation credits. That’s why you need to understand what they are, writes Andrew Zbik.
franking credits
Franking credit opportunity before 30 June for share fund investors
The end of this Financial Year presents savvy Australian share fund investors with the opportunity to top up their franking credits pool and reduce their tax bill.
Shorten plan would adversely affect retirees with small balances
Mr Shorten’s proposal announced this week that cash refunds of excess franking credits should be scrapped will have a greater proportionate adverse impact on a retiree with a $500,000 balance than a retiree with a $5m balance. If implemented, a retiree with only $500,000 in super will not be entitled to any franking credits (as […]
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