Labor to hit self funded retirees.

[Neferti]

the 7.30 report on ABC just spoke about franking credits now.

It's going to be a huge election issue.

People who have already paid tax via their company fully franked shares will
be expected to pay that tax again.
They won't get any form of refund.
They will be double taxed.

What's new? I retired in March 1996 ... just before John Howard became PM. I had been negotiating the so-called Golden Handshake since December 1995. I was only a Public Servant for 10 years, so my Superannuation wasn't all that much. However, I (on advice) took a part Pension and rolled the balance over (CASH) ... I paid TAX three times that I know about ... I think ...under LABOR.

[Bobby]

the 7.30 report on ABC just spoke about franking credits now.

It's going to be a huge election issue.

People who have already paid tax via their company fully franked shares will
be expected to pay that tax again.
They won't get any form of refund.
They will be double taxed.

What's new? I retired in March 1996 ... just before John Howard became PM. I had been negotiating the so-called Golden Handshake since December 1995. I was only a Public Servant for 10 years, so my Superannuation wasn't all that much. However, I (on advice) took a part Pension and rolled the balance over (CASH) ... I paid TAX three times that I know about ... I think ...under LABOR.

The Govt. gets their greedy hands on any pile of money.
I think people need to see an accountant and get their money offshore
away from the greedy tax Dept.

[Neferti]

Some of us retired a very long time ago ....

I only had 10 years of paying Superannuation ....

I went without (from 1981), as did my daughter as a child, because my main thing was to pay off the MORTGAGE, I was able to get as a First Home Owner ... my ex did NOT own property, although I thought he did, initially.

Once I had paid off the Mortgage and "retired" ... things have been great.

STOP WORRYING WHAT THE GOVERNMENT IS GUNNA DO FOR YOU ... FIGURE OUT WHAT YOU CAN DO FOR YOURSELF!

[Bobby]

Some of us retired a very long time ago ....

I only had 10 years of paying Superannuation ....

I went without (from 1981), as did my daughter as a child, because my main thing was to pay off the MORTGAGE, I was able to get as a First Home Owner ... my ex did NOT own property, although I thought he did, initially.

Once I had paid off the Mortgage and "retired" ... things have been great.

STOP WORRYING WHAT THE GOVERNMENT IS GUNNA DO FOR YOU ... FIGURE OUT WHAT YOU CAN DO FOR YOURSELF!

You paid tax 3 times on the same money and
so will we all.

[Neferti]

Some of us retired a very long time ago ....

I only had 10 years of paying Superannuation ....

I went without (from 1981), as did my daughter as a child, because my main thing was to pay off the MORTGAGE, I was able to get as a First Home Owner ... my ex did NOT own property, although I thought he did, initially.

Once I had paid off the Mortgage and "retired" ... things have been great.

STOP WORRYING WHAT THE GOVERNMENT IS GUNNA DO FOR YOU ... FIGURE OUT WHAT YOU CAN DO FOR YOURSELF!

You paid tax 3 times on the same money and
so will we all.

I don't care any more. I don't have to. Start thinking about when you get OLD ... I've done it, all by myself ... you can too.

[Bobby]

I don't care any more. I don't have to. Start thinking about when you get OLD ... I've done it, all by myself ... you can too.

But now the days are short, I'm in the autumn of my years
And I think of my life as vintage wine
From fine old kegs
From the brim to the dregs
It poured sweet and clear
It was a very good year

[sprintcyclist]

All the free things labor promise they have to fund from somewhere.

Either more tax, borrow more or cut spendings from elsewhere,