How can you plan anything when the goal posts keep changing . I thought when I retired that was it , sit back and relax on my well earned last holiday on earth but NO....more policies , more rules and more stealing .
I closed down a family trust and deposited the proceeds into our newly formed SMSF but now with the proposed loss of franking credits I may as well transfer the funds back into a family trust and pay smaller distributions....the remainder of the earnings in the trust would then be taxed at 30% of which the franking credits would be used to offset that tax.
At least with a family trust we would be safe from the money grab....
