"What Labor are trying to do is remove the zero tax rate for retirees who are in pension mode. Fair enough, if that’s what they want to do then they should admit that and we can all move on - so long as everyone is treated the same, I might not like it but at least I wouldn’t feel discriminated against."
Magnificently put Pands!
If I had another GA to give you would have just got it!
It really is disgusting to see just one class of people attacked so fiercely and unfairly, one asset class only!
Ps: I do believe it's been relatively priced in for TLS now for two reasons:
1- it's a "known known"
2- TLS have dramatically reduced the payout ratio
As such the drop shouldn't be terrible once it's introduced but lets do our best to not let this happen
Ann: Update - Dividend/Distribution - TLS, page-115
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