Pooled superannuation funds such as union-aligned industry funds may be able to deliver the best results under Labor's plan to scrap cash refunds for franked dividends, according to analysis by accounting firm BDO Australia.
Brisbane tax partner Mark Molesworth calculated the after-tax returns on $500,000 invested in Australian shares returning a 4 per cent dividend yield at a 100 per cent franking rate.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
