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:
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 10:57ASIC defends enforcement decisionsBy Killian Plastow
- 10:47O’Dwyer stands firm on educationBy Killian Plastow and Aleks Vickovich
- 09:46Zurich opts to keep OnePath brandBy Staff Reporter
- 08:50FASEA opens consultation on education pathwaysBy Staff Reporter
- 19 Mar 2018Partnership launches as ‘alternative to self-licensing’By Aleks Vickovich
- 19 Mar 2018ANZ to suspend asset finance lendingBy Staff Reporter
- view all