The franking credit policy proposed by Labor is cruel as it reduces income of self funded retirees by up to 30%, most with limited opportunity to work again to back fill the loss. This is a cruel attack on elderly whose health costs increase due to aging and those who may require aged care with large up front deposits.

Plus and more importantly impacts on future Harley purchases

Yep...
Rob from Peter to give to Paul...
Fucking arsehole government....
Bet they touch their So called self funded retirement fucking grubs...

Ol Bill wasn’t entirely stupid though ...the original plan was to include ALL self funded retirees , including those on a part pension . The revised plan means that if you get even a smidge of a pension amount ( even $50 a fortnight ) then you get to retain your franking credits .
Obviously his advisors pointed out that alienating most of Australia’s elderly was a shite idea and the policy was adjusted accordingly .
   

Shit I have no idea at all I am thinking about retiring this year but got no idea what I am in for yet.