Nervous about Labor’s policy to remove the refund of excess franking credits? There is a way to keep all your franking credits.
Westpac will pay its interim dividend nine days earlier on June 24 in a strategy that appears to be designed to get around Labor’s promised changes to the franking tax policy.
Bill Shorten has vowed to abolish negative gearing and scrap franking credits, but how would a Labor victory hit your hip pocket?
Thomas will lose $50,000 in franking credits if Labor is elected. The big question: what alternatives does he have to maintain his income?
Mention the removal of franking credits in polite company and prepare yourself for an hour of indignant lecturing about how unfair it is. But is it all bad?
A broker once described dividends and franking credits as the icing on the cake but they are so much more than that.