Comment on Daily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024

• Duenan@aussie.zone ⁨2⁩ ⁨months⁩ ago

  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?

  source

  • Bottom_racer@aussie.zone ⁨2⁩ ⁨months⁩ ago

    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.

    source

    • Duenan@aussie.zone ⁨2⁩ ⁨months⁩ ago

      oh ok, I didn’t realise you get the franking credit as well.

      source