SMSF Franking Credit Clarification

In regard to Andrew Mains’ article titled ‘Could Labor’s plan push us onto the pension’ (27/3/18), he states that a SMSF with one member in pension mode as of Wednesday 27/3/18 will still receive his franking credit back as a cash refund.

Is this correct?

Regards

 

A: It is one member receiving a government pension (eg the aged pension), part or full.

An estimated 13,000 SMSFs will be exempt.

Hope this clarifies the statement.

Regards


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