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
- 18 Sep 2018Peter Kell resigns as deputy chair of ASICBy Eliot Hastie
- 18 Sep 2018Two former Macquarie advisers given 10-year banBy Adrian Flores
- 18 Sep 2018McMaster slams ASIC: ‘They knew about our CPP in 2016’By James Mitchell
- 17 Sep 2018ASIC wants a confession from McMasterBy James Mitchell
- 17 Sep 2018ASIC takes Dover director to courtBy James Mitchell
- 17 Sep 2018ASIC gives permanent ban to unlicensed adviserBy Adrian Flores
- view all