Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New political party for retirees in the works

grant abbott political party for retirees

In response to a host of tax changes set to impact self-managed super fund trustees, one industry veteran looks set to launch a political party aimed at lobbying for self-funded retirees. 

The SMSF Party, launched by I Love SMSF chief executive Grant Abbott, is intended to influence policies at the executive and legislative branches of government.

Mr Abbott said the party aims to “promote and foster the growth of SMSFs while protecting the current benefits of existing SMSFs and their members”.

“These benefits include contributions caps, franking credits, borrowing in super, related party loans and ensuring the opinions and concerns of members, trustees, advisers, brokers, auditors and accountants are heard,” Mr Abbott said.

Advertisement
Advertisement

The party, he said, will endorse candidates for Senate and House of Representatives elections, who will, where elected to office, work to further the ideas and values of The SMSF Party.

Any permanent resident or citizen of Australia who is not a current member of any other Australian political party is eligible to become a member of the party.

The move from Mr Abbott was prompted by policies including Labor’s plans to scrap refundable franking credits if it is elected to govern. 

New political party for retirees in the works
grant abbott political party for retirees
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Anonymous - This is silly. Most countries would think 3 per cent was fantastically low. Further, who measures how much economic activity is being destroyed by.......
Anonymous - What a load of rot! What is he comparing the detriment to, and how much does the GFC effects factor into his farcical calculations? ....
Anonymous - In other words, sack advisers and cut costs. It's the financial version of #me too movement.....
Anonymous - If that's after tax pay then I'm screwed.....