The article, “Retirees get $20b in tax-free income” (AFR, May 26) unfairly targets SMSFs as the only beneficiaries of franking credits and exemption from tax in the pension phase. The implicit message is that APRA-regulated funds are excluded from them.
SMSF ASSOCIATION MEDIA RELEASE: AMP SMSF is partnering with the SMSF Association to launch a new SMSF education and accreditation program for AMP aligned advisers and their support staff.
Cash has been crunched in superannuation as record low interest rates shrink financial returns for conservative fund members. Andrea Slattery, CEO of the SMSF Association, says the claim that SMSFs invest mainly in cash is “a furphy”.