Under Labors unconscionable tax stealth of franking credits I predict that a lot of SMSF 's will now either invest in managed funds , overseas shares , cash term deposits . Some may escape to wrap accounts or member direct accounts . Mark my words very little of this forecast stealing will eventuate...another Labor fizzer...
For me...I will go to cash , the 45 day franking credit will be obsolete for me , I will go into shares many times prior ex dividend dates and back to cash cum dividend....
YAWN !!!!!
