Conventional wisdom says to build a nest egg as early as possible,but good financial planning is just as important after retirement.
Information about claiming old franking credits can be obtained through the ATO,even if you don’t file a tax return.
Investment bonds can be a suitable option for those looking for a tax-friendly environment outside of superannuation.
A lack of knowledge about how Australia’s franking credits system works means many,like my cousin,could be sitting on surprise payouts.
As the Coalition argues the government cannot be trusted on income tax changes,independent MPS and a former Labor luminary are encouraging an examination of the entire tax system.
Time and time again,people have told me they want to invest in shares. My response has always been the same.
Wilson Asset Management chairman Geoff Wilson says the government’s bid to bolster its finances will backfire and leave a $1 billion hole in the budget.
The Senate review of government franking credit proposals has put the issue back in the spotlight.
The franking credit dispute helps the Coalition build an argument that Labor has reneged on commitments not to touch contentious tax policies. Labor has accused it of a hysterical scare campaign.
The proposal to prevent companies raising cash equity issues to fund a franked dividend payout has no economic logic to it.
Assistant Treasurer Stephen Jones will announce changes to close a loophole.