Franking credit calculator
A franked dividend arrives with tax already paid on it. Depending on your rate, that means a refund at tax time or a top-up bill.
Enter the cash dividend and how franked it is.
What this dividend does at tax time
- Franking credit attached
$1,714$1,714 - Grossed-up income
$5,714$5,714 - Tax on the dividend
$1,829$1,829
The same dividend at every marginal rate
Try a scenario
How this is calculated
The gross-up and credit method the ATO uses, applied to a single dividend.
- Franking credit
- Cash dividend x (company rate / (1 - company rate)) x franking percentage.
- Company tax rate
- 30% for most listed companies, or 25% for base rate entities with turnover under $50 million. The dividend statement tells you which applies.
- The 45-day rule
- Not applied. You generally must hold the shares at risk for 45 days to claim the credits, unless your total credits for the year are under $5,000.
- One dividend at a time
- The calculation treats this dividend in isolation at the rate you select. It does not add it to your other income to test for a bracket change.
This calculator is for general information only and is not tax or financial advice. It does not apply the 45-day holding rule, the small shareholder exemption, or franking rules for trusts, companies and super funds.
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