The Federal Labour Party’s proposed shares policy has angered retirees after Bill Shorten floated changes to the dividend imputation system which may leave many at a loss of income.
Self-funded retiree, Margaret Osbourne, said this policy will result in her and her partners’ income dropping by 30%.
Retirees with lower incomes may be pushed down towards the age pension, however, Mr Shorten has promised compensation through higher pension payments to those affected by the changes.