Franking credits: if you’re old enough to understand super, you’re too late

John: Didn’t Kelly O’Dwyer put some sort of limit on how much you could end up with in your super fund?

Peter: Yes. She capped it at $1.6 million. From 1 July 2017.

John: $1.6 million? How many years is that going to take if you’re only allowed to put in $25,000 a year?

Peter: Sixty-four years Dad.