Boutique practice principal and TV personality Sam Henderson has added his voice to the many financial experts slamming Labor leader Bill Shorten’s plan to abolish refundable franking credits.
In an interview with Sky News Business, Mr Henderson said the opposition had taken a "harsh stance" on the issue of refundable excess dividend imputation credits, echoing sentiments made by fellow adviser and accountant Michael Pinn.
“SMSF trustees might be ‘millionaires’ but they're not wealthy … it’s a bit of a tragedy, Bill Shorten’s been a bit of a goose on this,” Mr Henderson said.
“[The policy would] take away between $5,000 and $10,000 from a group that have already had their incomes cut. So they're going to be very angry and very frustrated and they're not going to be voting Labor at the next election.”
Take a listen to Mr Henderson's comments below:
Labor’s stance on advice issues might be complicated, but if the current government fails to win a majority on the ...
Responding to an ASIC paper, the stockbrokers association has argued that the lack of advisers has impacted the ...
While the lead-up to the end of the financial year can be a whirlwind for financial advisers, two advice executives have ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin