Dividend Tax Calculator
Calculate the tax impact of dividend income including franking credits and potential refunds.
Calculate Your Dividend Tax
Understanding Franking Credits
When Australian companies pay tax on their profits at 30%, they can pass on "franking credits" to shareholders. These credits represent tax already paid by the company.
Fully Franked
Company paid 30% tax on entire profit. You receive full franking credits.
Partially Franked
Company paid tax on some profit only. You receive partial franking credits.
Unfranked
No company tax paid. No franking credits. You pay full tax at your rate.
Franking Credits by Tax Bracket
| Tax Bracket | Rate | Impact on Fully Franked Dividends |
|---|---|---|
| $0 - $18,200 | 0% | Full refund of franking credits |
| $18,201 - $45,000 | 19% | Partial refund likely |
| $45,001 - $135,000 | 32.5% | Credits offset tax |
| $135,001 - $190,000 | 37% | Credits offset tax |
| $190,001+ | 45% | Top-up tax required |
Note: Company tax rate is 30% for large companies, 25% for base rate entities. Most listed companies use 30%.
Example: $1,000 Fully Franked Dividend
| Your Tax Rate | Tax Owed | Franking Credit | Net Result |
|---|---|---|---|
| 0% (Under $18,200) | $0 | $428.57 | +$428.57 refund |
| 19% | $271.43 | $428.57 | +$157.14 refund |
| 32.5% | $464.29 | $428.57 | -$35.71 top-up |
| 45% | $642.86 | $428.57 | -$214.29 top-up |
Franking Credits Calculator
Detailed franking analysis
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