What is a fully franked dividend?

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.

How much is the franking credit on a $700 fully franked dividend?

$300. The dividend grosses up to $1,000 in taxable income, of which $300 is the franking credit tax offset.

Do I get franking credits refunded?

If your total franking credits exceed your tax liability, you receive the excess as a refund. This commonly applies to low-income earners and SMSFs.

Franking Credits Calculator

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.

Dividend Details

Enter the dividend amount and franking level

Dividend Amount

Franking Percentage

Check your dividend statement — many ASX dividends are partially franked (e.g. 75% or 90%)

Company Tax Rate

Result

Franking credit breakdown

Dividend Amount$700

Franking Credit$300.00

Grossed-Up Dividend$1,000.00

This is the amount included in your taxable income

How to Use This Calculator

1Enter the cash dividend amount you received
2Select the franking percentage (100% = fully franked)
3See the franking credit and grossed-up dividend instantly
4For your personal tax payable or refund, add your other income in the full Dividends Calculator

What Are Franking Credits?

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 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.

How Franking Credits Work

Grossed-up dividend: The dividend amount plus the franking credit — this is included in your taxable income.
Tax offset: The franking credit reduces your tax payable dollar-for-dollar.
Refundable credits: If the credit exceeds your tax liability, you receive the excess as a refund.

Frequently Asked Questions

Official Sources

Want your personal tax position?

The full Dividends & Franking Credits Calculator factors in your other taxable income, tax year and residency status to show tax payable or refundable.

Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.

About this calculator

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

It only knows the figures you type in. Offsets, deductions, prior-year losses, other income, your partner's position and anything you have not entered are not in the result, and any of them can move it a long way.
Rates and thresholds change, sometimes mid-year and occasionally with retrospective effect. Each calculator shows the financial year and the verification date it is working from — outside that year the result is wrong rather than approximate.
Assumptions are set to a reasonable default and every non-statutory one can be changed. Defaults are not predictions, and a small change to a growth or inflation assumption compounds into a large change in a long projection.
Where a result reaches two or more years into the future it is shown in today's dollars as well as future dollars, because a future-dollar figure overstates what the money will actually buy.
It is a generic calculator. It is not built around any particular product, it does not compare the market, and it cannot tell you whether a product is suitable for you.

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.

Related Tools

Dividends Calculator

Full tax payable or refund from dividend income including your other income

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Calculate your overall tax including dividend income

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About this calculator

What can move this result

It only knows the figures you type in. Offsets, deductions, prior-year losses, other income, your partner's position and anything you have not entered are not in the result, and any of them can move it a long way.
Rates and thresholds change, sometimes mid-year and occasionally with retrospective effect. Each calculator shows the financial year and the verification date it is working from — outside that year the result is wrong rather than approximate.
Assumptions are set to a reasonable default and every non-statutory one can be changed. Defaults are not predictions, and a small change to a growth or inflation assumption compounds into a large change in a long projection.
Where a result reaches two or more years into the future it is shown in today's dollars as well as future dollars, because a future-dollar figure overstates what the money will actually buy.
It is a generic calculator. It is not built around any particular product, it does not compare the market, and it cannot tell you whether a product is suitable for you.