Adviser Q&A: The super franking question
Topics covered will include:
- What the planned change to dividend imputation would involve, and who would be affected?
- How investors and SMSF trustees can prepare for potential changes.
- Other strategies that could be adopted to reduce the impact of any changes.
Send in your questions beforehand to t.kaye@investsmart.com.au
Frequently Asked Questions about this Article…
The planned change to dividend imputation involves adjustments to how franking credits are handled, which could affect the tax benefits investors currently receive from dividends.
Everyday investors and SMSF (Self-Managed Super Fund) trustees who rely on franking credits for tax benefits will be affected by the changes to dividend imputation.
Investors can prepare by staying informed about the proposed changes, consulting with financial advisers, and considering alternative investment strategies to mitigate potential impacts.
SMSF trustees might explore diversifying their investment portfolios, focusing on growth assets, or seeking professional advice to minimize the impact of changes to franking credits.
Understanding changes to dividend imputation is crucial because it directly affects the tax efficiency of investment income, impacting overall returns for investors.
Franking credits are tax credits that investors receive on dividends, allowing them to reduce their taxable income and potentially receive a tax refund, enhancing investment returns.
Investors can stay updated by following financial news, subscribing to investment newsletters, and participating in Q&A sessions like the one hosted by InvestSmart.
Investors can send their questions about dividend imputation changes to t.kaye@investsmart.com.au for expert advice and insights.
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