Why Labor's franking change will affect those saving in super too
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You're not going to escape the chop if you're in accumulation mode – not being able to use excess franking credits will lower your return.
You're not going to escape the chop if you're in accumulation mode – not being able to use excess franking credits will lower your return.
Like the Wizard of Oz, as long as financial players can can hide behind complexity, consumers can believe financial gurus have the secrets.
Despite much lobbying the Coalition held back on big super reform, while Labor is sticking to its guns on its tough tax measures headed by its franking credit reforms.
Simplifying the various contributions rules will make it easier for older Australians to contribute more into their retirement accounts.
Funnily enough, at this point in the cycle, the best thing the Coalition can do for retirees has nothing to do with the super or pension rules at all.
It's hard to underestimate the power that the not-for-profit industry super funds have over Australian financial markets.
The downsizer contribution could see a lump sum of $600,000 cash being added to your SMSF. This will have significant implications for your existing asset allocation strategy.
NAB is set to announce tough new controls on business lending, despite offices and factories being one of the sector's most popular investments.
While superannuation is still the most tax-efficient retirement savings tool, there are some options for those who reach contribution limits.
The key to maintaining choice and control is to plan ahead. Decide what is important to you and understand what this may cost.
A number of major industry funds will not be materially affected by Labor’s proposed removal of refunds for excess imputation credits.
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