Merry Christmas From The Financial Advice Shop

With the Christmas break fast approaching, we would like to take the time to personally thank all of our loyal clients for their support and to wish them all a very Merry Christmas.

 

A_Merry Christmas From The Financial Advice Shop 2018

*Please note that The Financial Advice Shop will be closed from COB Thursday 20th December 2018 and will reopen on Tuesday 29th January 2019.  Only urgent issues or portfolio management matters will be attended to during this period.

http://www.financialadviceshop.com.au

Advertisements

Is The Franking Credit Policy Fiasco In Need Of A Serious Rethink?

There is no doubt some refinements to this policy proposal are required…..

Whenever a policy proposal is described as targeting the wealthy but the reality is that it affects everyday people, there is clearly some further work to do to make it fair and get the majority on board.

The solution to making the proposal fair and reasonable is potentially quite simple.  Introducing a reasonable threshold for the refund of excess franking credits of say $10,000 p.a. would be a great start and most people would probably be very happy with that approach.

The wealthy, as we know, are quite capable of reorganising their investments to minimise the effects of all sorts of tax policy but the not so wealthy are not quite so lucky.

Should we be planning for some common sense to apply to this policy?  Probably not but I live in hope…..

www.financialadviceshop.com.au

#frankingcredits #frankingcreditpolicy #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialplanningcanberra