Finance Hour On J-air

Episode 30– Who moved my cheese? Is Bill Shorten’s announcement about getting rid of franking credit refunds akin to a cat moving a mouse’s cheese? Is it necessary to repair the budget repair or thievery from retirees and self-managed superannuation funds? In this week’s episode we go straight to the top to get the answers.  I interview John Maroney who is the CEO of the Self-Managed Superannuation Fund Association, which represents both Advisers and Trustees of SMSFs. So whether you will be directly affected by Labor’s proposed changes, or just want some insight into the political process, you are certain to benefit from listening to this week’s show. “There could be several adverse economic impacts if this policy is implemented.” – John Maroney  “Franking credit refunds have been part of the tax framework for 18 years and a lot of people have made their long term investment plans around that system” – John Maroney  The median income that a member of an SMSF is drawing is  around $50,000 and the franki