Criterion: Taxing the ‘super rich’ has broader share market implications

Criterion: Taxing the ‘super rich’ has broader share market implications

Now enshrined in law, the additional tax on high-balance superannuation accounts is likely to influence investor behaviour. Affected account holders are likely to flock to franked dividends to offset the impact As with any big tax change, the real winners are the advisors and consultants to the rich   Notwithstanding any further nasties in the May 12 federal budget, the biggest superannuation change in recent years is set in stone. Under the Div…