Seagoon_@aussie.zone to Melbourne@aussie.zone · 2 days agoDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024message-squaremessage-square179fedilinkarrow-up117arrow-down10
arrow-up117arrow-down1message-squareDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024Seagoon_@aussie.zone to Melbourne@aussie.zone · 2 days agomessage-square179fedilink
minus-squareBottom_racer@aussie.zonelinkfedilinkarrow-up3·1 day agoFully franked you get a credit for entire dividend amount and can offset your tax with that credit. might help
minus-squareDuenan@aussie.zonelinkfedilinkarrow-up2·1 day agoLet’s say I have a dividend payout of 20cent and it’s 100% franked. If it’s fully franked do I only get 20cents? or more than 20c?
minus-squareBottom_racer@aussie.zonelinkfedilinkarrow-up3·1 day agoYou get (20c / (1-0.3)) -20c = A franking credit of about 8.5c so you’re ending up getting 20c + 8.5c or 28.5c. It’s to avoid double taxation.
minus-squareDuenan@aussie.zonelinkfedilinkarrow-up2·1 day agooh ok, I didn’t realise you get the franking credit as well.
Fully franked you get a credit for entire dividend amount and can offset your tax with that credit.
might help
Let’s say I have a dividend payout of 20cent and it’s 100% franked.
If it’s fully franked do I only get 20cents? or more than 20c?
You get (20c / (1-0.3)) -20c = A franking credit of about 8.5c
so you’re ending up getting 20c + 8.5c or 28.5c. It’s to avoid double taxation.
oh ok, I didn’t realise you get the franking credit as well.