🧾 Franking Credits Calculator

A franking credits calculator grosses up your Australian dividend to show the attached imputation credit, the tax payable at your marginal rate, and whether you owe extra tax or receive a refund. Fully franked dividends carry credits for the 30% (or 25%) company tax already paid.

🇺🇸 Calculating for United States

</> Embed🔒 Your data never leaves your device

Dividend details

Cash dividend received (AUD)

Franking percentage (%)

Company tax rate (30 or 25%)

Your marginal tax rate (%)

Franking credit attached

$428.57

Grossed-up dividend: $1,428.57

Tax on grossed-up amount

$457.14

Extra tax payable

$28.57

Cash after tax settles

$971.43

Estimate only, not tax advice. Fully franked dividends carry credits at the company tax rate (30%, or 25% for base-rate entities); excess credits are refundable for Australian residents. Set your marginal rate to include the Medicare levy for a closer estimate.

Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more

Frequently asked questions

What are franking credits?▾

Credits for company tax already paid on profits distributed as dividends. A fully franked dividend from a 30% tax company carries a credit of 3/7 of the cash dividend — you declare the grossed-up amount and offset the credit against your own tax.

How do I calculate the franking credit?▾

Credit = dividend × (company tax rate ÷ (1 − company tax rate)) × franking percentage. Example: a $700 fully franked dividend at the 30% rate carries $300 of credits, so you declare $1,000 of income with $300 already paid.

Are excess franking credits refundable?▾

Yes — Australian resident individuals and super funds receive a cash refund when franking credits exceed total tax payable. This is why retirees in pension phase (0% tax) receive the full credit back as a refund.

Is the company tax rate 30% or 25%?▾

Large companies pay 30%. Base-rate entities (turnover under $50M with mostly trading income) pay 25%, so their dividends carry proportionally smaller franking credits — 1/3 of the dividend when fully franked.

Recommended services

Betterment

Automated investing and retirement accounts (IRA, 401k rollover, Roth IRA).

Visit Betterment ↗

Empower (Personal Capital)

Free net worth tracker, portfolio analysis, and retirement planning tools.

Visit Empower (Personal Capital) ↗

Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more

Related tools

💰

Dividend & DRIP Calculator

Investing & Wealth

💵

Australia Take-Home Pay Calculator

Income, Paycheck & Tax

📈

Compound Interest Calculator

Saving & Goals

Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and not financial advice. Consult a licensed financial advisor before making financial decisions.