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I agree industry superannuation funds would not be eligible for a tax refund under Labor’s policy. However, most large funds pay net tax. Therefore they would be able to distribute franking credits to all members whether they are in accumulation or pension mode. Accordingly SMSF pension members should seriously consider transferring their Australian equity allocation to a tax paying industry / retail fund if Labor wins the next election in my opinion. Do you agree ?
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I am interested to know if your team thinks Janus Henderson ( JHG) and Clydesdale Bank (CYB) are value traps or materially undervalued. Both are trading at a significant PE discount to their peers, no doubt significantly impacted by Brexit. I recall Charlie Aitken was a fan of these two in particular CYB.
I would appreciate your thoughts.
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If I have a private company and distribute income outside of super with franking credits and still being below the $18000 tax free personal tax threshold, will I still get the franking credits back, or is Bill Shorten targeting us as well?
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I am heavy into the big four banks, at this stage am 100% up on my original buy.
Is it time to sell out? We are in retirement mode.
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In relation to the current franking credit dilemma faced by many SMSF members in pension phase, I note that some financial commentators have suggested a possible advantage of investing in an industry super fund if one’s SMSF is likely to lose significant franking credit refunds. I looked at the Balanced option for HOSTPLUS members on their website. For a $50,000 investment, the total fees are quoted as $608. As the fee is based on a percentage of the funds invested, for a $5.0 mil investment, the fee would be $60,800. This seems quite excessive to me, and I wonder whether I am missing something. I definitely would not be closing my SMSF and investing in an industry fund at these fee levels.
Do you have a view on the “advantages” of switching from an SMSF to an industry super fund as a response to the possible loss of franking credit refunds ?
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If we lose rebate on franking credits in SMSF as of 1/7/19 what happens to this last years if as in most cases we do not submit tax returns till Dec 19 or even Jan 2020. Will we still get the rebate?
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