Bill Shorten’s Retiree Tax
By abolishing tax refunds on share dividends, Labor would remove franking credits from around: 900,000 individuals; 200,000 self-managed super funds; and 1,800 super funds.
This would change the goal posts for people who have worked hard and saved for retirement. It would affect some pensioners and lead to a greater reliance on the Age Pension.
Labor would also hit around 1 million workers with four additional taxes on superannuation.
To find out more, visit www.laborstaxbill.com.au
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