Worried about how Labor leader Bill Shorten's proposal to stop franking credit refunds would affect you? Those with big amounts in self-managed superannuation funds (SMSFs) are grabbing the headlines in terms of "biggest dollar" impact. But from a lifestyle point of view – ie, a dent in the wallet – self-funded retirees without SMSFs and with lower balances would be the worst hit. (Now before you go rushing off to take action, remember this is still a proposal.)

Financial planner Anne Graham, managing director of Story Wealth Management, cites the example of a single retiree (let's call her Marg, 67) who doesn't get a part age pension because she has "too many" assets – ie, they're higher than the $556,500 cut-off for a single homeowner.