Steve Irons MP Federal Member for Swan

Franking Credits Inquiry comes to Swan

Labor’s Retiree Tax will hurt retirees and low income earners, by abolishing tax refunds for share dividends. It would punish those who work hard to be self-reliant.

When retirees and low income earners get a refund on share dividends, it is because the tax has already been paid by the company.

Labor’s Retiree Tax would change the goal posts. It would hike taxes on 900,000 individuals, 200,000 self-managed super funds and 2,000 super funds. This is unfair and short sighted. It would lead to more people relying on the Age Pension.

Most people affected are not wealthy. In fact, 84% of people who would be impacted are on taxable incomes below $37,000. Many retirees in Swan rely on tax refunds from share dividends to help pay the bills. We need to stand up for them.

The Morrison Government will keep tax refunds for franking credits. By carefully managing the economy, we can guarantee essential services and keep taxes low.

Next Monday, 25 February – the House of Representative’s Economics Committee will be holding a public hearing at Harold Hawthorne Community Centre, 2 Memorial Avenue Carlisle to hear from thousands of retirees and low-income earners who will be affected by this tax.

Time has been reserved at this hearing for you to make a public statement. I urge concerned residents to show up, tell their story and make their voices heard.

Register your attendance today by going to: https://stoptheretirementtax.com/registration/

Unfortunately, Labor can’t be trusted to manage Australia’s economy. When Labor runs out of money, they end up coming after yours.

Contact Steve

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08 9355 0099 (Office)

08 9355 0199 (Fax)