Imputation credit refunds scrapping upsetting retirees. Politicians need to leave our retirement savings alone. Retirees have paid their taxes and are very upset over Labor plans to axe the imputation credit refunds of company tax on return to Federal Government. Labor is claiming this will only affect the wealthy investor. However alarm bells sound and will hit the poorest retirees hardest.
Ann turns to financial commentator Noel Whittaker for his take on these most alarming proposed changes to the taxation laws. International bestselling author, finance and investment expert, radio broadcaster, newspaper columnist and public speaker, Noel Whittaker is one of the world’s foremost authorities on personal finance.
Noel reaches over seven million readers each week through his columns in major Australian newspapers, including The Sydney Morning Herald, Melbourne’s The Age, Perth’s The Sunday Times and Brisbane’s The Sunday Mail. He is a regular contributor to magazines including Australian Doctor and Men’s Health, and also broadcasts on over 50 radio stations.
Noel is one of Australia’s most successful authors, with 20 bestselling books achieving total worldwide sales of more than two million copies. His first book, Making Money Made Simple, set sales records across the country and was named in The 100 Most Influential Books of the Twentieth Century.
For 30 years, Noel was the Director of Whittaker Macnaught, one of Australia’s leading financial advisory companies, with more than two billion dollars under management.
In 1988 Noel was named Australian Investment Planner of the Year and, in 2003, he was awarded the Australian Centenary Medal in recognition of his services to the financial services industry. In 2011 he was made a Member of the Order of Australia for service to the community in raising awareness of personal finance.
He is currently an Adjunct Professor and Executive-in-Residence with the Queensland University of Technology, as well as a committee member advising the Australian Securities and Investment Commission.
SUMMARY
1:50 Scrapping the Imputation credit cash rebate prooblem
3:20 Double tax of company dividends
5:15 Aged pension or self reliant?
8:30 Change the way retirees look at assets
9:46 Politicians keep changing the goal posts
13:30 Estate planning
16:30 Aged penion in Australia will end up being welfare only
20:45 Contact Noel Whittaker
Connect with Noel online.
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