How to escape the franking credit trap
Whether Labor's franking plan goes ahead is a moot point but advisers say it would just change SMSF behaviour, leading to lower government tax coffers.
Industrious accountants have been thinking for months about ways to skirt Labor’s franking credit crackdown. One idea gaining traction in investment circles is for self-managed superannuation funds (SMSFs) to shift their Australian listed equities to investment platforms (also known as wraps) or DIY options within industry funds.
Advisers say changed SMSF investing habits will rob Labor's Bill Shorten of extra resources. Simon Letch
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