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Calculate the franking credit and grossed-up value of an Australian dividend
Enter a dividend amount and franking percentage to see the credit instantly. For your personal tax payable or refund based on your total income, use the full Dividends & Franking Credits Calculator.
Check your dividend statement — many ASX dividends are partially franked (e.g. 75% or 90%)
Franking credit breakdown
This is the amount included in your taxable income
This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.
Franking credits (also called imputation credits) are tax credits attached to dividends paid by Australian companies. When a company pays tax on its profits, it can pass these tax credits to shareholders.
If you're an Australian-resident taxpayer and your marginal tax rate is below the corporate tax rate (30%), you may receive a refund for excess franking credits. If your tax rate is higher, you'll pay additional tax on the grossed-up dividend amount. Foreign residents do not get a refund of excess franking credits.
A fully franked dividend has had company tax paid on 100% of the underlying profit. The franking credit equals 30/70 of the cash dividend (about 42.86%) at the standard 30% corporate tax rate.
$300. The dividend grosses up to $1,000 in taxable income, of which $300 is the franking credit tax offset.
An Australian-resident individual whose total franking credits exceed their tax liability for the year receives the excess as a refund. This commonly applies to low-income earners and SMSFs. Foreign residents do not get a refund of excess franking credits.
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
This calculator exists to show you the arithmetic. It applies published Australian rates, thresholds and formulas to the numbers you enter and shows the working, so you can check it. That is all it does — it produces a number and describes what the number is. It does not recommend anything and it holds no opinion about any financial product.
What can move this result
This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.