Tools/Franking Credit Calculator

Franking credit calculator

Enter the cash dividend you received, the franking level, and your tax situation. The calculator shows the grossed-up income, the credit attached, and your net tax position.

$

The actual cash amount deposited to your account

100%
0% (Unfranked)25%50%75%100% (Fully franked)

Dividend breakdown

Cash dividend received$700.00
Franking credit (100% franked at 30.0%)+ $300.00
Grossed-up income (assessable)$1000.00
Tax at 34.5% (on grossed-up)− $345.00
Less: franking credit offset+ $300.00

Net tax payable

Effective rate on cash received: 6.4%

$45.00

How the maths changes by tax situation

0% (tax-free threshold)Refund $300.00
19% + 2% MedicareRefund $90.00
32.5% + 2% MedicareTax $45.00
37% + 2% MedicareTax $90.00
45% + 2% MedicareTax $170.00
15% (super — accumulation)Refund $150.00
0% (super — pension phase)Refund $300.00

Based on the same dividend and franking level. Tax rates are 2024–25 including Medicare levy.

This calculator is illustrative only. Actual tax outcomes depend on your total income, tax offsets, Medicare levy surcharge status, and other factors. Franking credit refundability is subject to holding period rules and other ATO requirements. This is general educational information only and does not constitute financial advice. Consult a registered tax agent for advice specific to your circumstances. Illuminvest does not hold an AFSL.