Comment on Daily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024
Duenan@aussie.zone 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?
Comment on Daily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024
Duenan@aussie.zone 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?
Bottom_racer@aussie.zone 1 day 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.
Duenan@aussie.zone 1 day ago
oh ok, I didn’t realise you get the franking credit as well.