Seagoon_ to Melbourne · 2 months agoDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024message-squaremessage-square177fedilinkarrow-up123arrow-down10
arrow-up123arrow-down1message-squareDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024Seagoon_ to Melbourne · 2 months agomessage-square177fedilink
minus-squareDuenanlinkfedilinkarrow-up2·2 months 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?
minus-squareBottom_racerlinkfedilinkarrow-up3·2 months agoYou 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.
minus-squareDuenanlinkfedilinkarrow-up2·2 months agooh ok, I didn’t realise you get the franking credit as well.
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?
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.
oh ok, I didn’t realise you get the franking credit as well.