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Franking Credits....plan A..SMSF, page-3

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2,227 Posts.

10/12/18

19:54

Post #: 36811161
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Originally posted by baxtermcfaxter ↑

Just mulling over plan A

Both us retirees to take our normal pension plus $50,000
The two lots of $25,000 re-contributed into our SMSF 2 childrens accounts for tax deductions....approx $11,000 each tax back. $22,000
Contribution tax paid for by Franked credits...$7500 total
Earnings 15% tax paid for by franked credits $4,000. total ( kids funds transferred from industrial super to smsf )

Total Franked credits usually received by SMSF...$33,501
Total Franked Credits that would have gone to Shorton...$33,500...

Shorton tax grab...one big golden dollar...

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SO... YOU... DON'T ...LIKE ... BILL... SHORTEN...

(Watch to the end) ........... ve vil get chu..
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