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...
Expand
