Superannuation refund dividend imputation credits

Franking credits boost spending in retirement by 5-6%: research

New academic research has found that the franking credits on dividends boosts consumption in retirement by 5%-6% – the equivalent of a 8%-9% higher balance at retirement. The paper What Dividend Imputation Means for Retirement Savers was written by three academics at the ANU. “Our results highlight that dividend imputation… Read More »Franking credits boost spending in retirement by 5-6%: research

Parliamentary inquiry into removing refundable franking credits set up

A Parliamentary Committee will inquire into implications of removing refundable franking credits The House of Representatives has set up an inquiry into the implications of stopping refunding of franking credits – a Labor policy. The House of Representatives Standing Committee on Economics will inquire into the “implications of removing refundable… Read More »Parliamentary inquiry into removing refundable franking credits set up

Treasury finds $10 billion ‘black hole’ in Labor franking credit policy

The Government claims to have found a $10 billion ‘black hole’ in Labor’s policy to stop most refunds of franking credits. Labor says it’s policy will raise $55.7 billion over 10 years, based on Parliamentary Budget Office figures. But a Treasury costing finds it will raise $45.8 billion. “A detailed… Read More »Treasury finds $10 billion ‘black hole’ in Labor franking credit policy

Alliance formed to fight Labor’s franking credit changes

A group of superannuation, investment and retirement associations have formed an alliance to fight, in part, Labor’s proposed changes to refunding imputation credits. The Alliance for a Fairer Retirement System was formed in response to Labor’s policy of stopping refunding imputation credits for a range of shareholders, according to the… Read More »Alliance formed to fight Labor’s franking credit changes