Franking Credits Calculator Australia
Calculate the tax impact of franked dividends in Australia. See your grossed-up dividend amount, tax offset, and whether you'll receive a refund or owe top-up tax.
The dividend amount paid to you (before any tax)
100% = fully franked, 0% = unfranked
Most large ASX companies use 30%. Check your dividend statement.
Your taxable income excluding this dividend
Enter dividend details to calculate your franking credits
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Australia's dividend imputation system prevents double taxation of company profits. When a company pays tax on its profits and then distributes dividends, shareholders receive a "franking credit" for the tax already paid.
Franking Credit = Cash Dividend × (Tax Rate ÷ (1 − Tax Rate))
Example: $100 × (0.30 ÷ 0.70) = $100 × 0.4286 = $42.86
The grossed-up dividend ($142.86) is your assessable income. You pay tax on this amount at your marginal rate, then subtract the franking credit.
You'll receive a franking credit refund if your marginal tax rate (including Medicare levy) is lower than the company tax rate:
| Taxable income | Marginal rate + ML | vs 30% company | Result |
|---|---|---|---|
| $0 – $18,200 | 0% + 2% = 2% | 2% < 30% | Full refund |
| $18,201 – $45,000 | 16% + 2% = 18% | 18% < 30% | Partial refund |
| $45,001 – $135,000 | 30% + 2% = 32% | 32% > 30% | Small top-up |
| $135,001 – $190,000 | 37% + 2% = 39% | 39% > 30% | Top-up required |
| $190,001+ | 45% + 2% = 47% | 47% > 30% | Larger top-up |
Sarah receives a $1,000 fully franked dividend from BHP. Her taxable income is $75,000.
Sarah pays an additional $28.57 in tax on her $1,000 dividend — an effective rate of just 2.86% on the gross amount.
If your total franking credits for the year exceed $5,000, you must satisfy the holding period rule:
| Company type | Tax rate | Credit per $1 dividend |
|---|---|---|
| Standard companies (most ASX) | 30% | $0.4286 |
| Base rate entities (small business) | 25% | $0.3333 |
Check your dividend statement to confirm which rate applies. Most large ASX-listed companies use the 30% rate.
If the refund result surprised you
When do franking credits reduce tax vs create a cash refund?
See the actual refund rule, where the 45-day rule bites, and why the final answer depends on your full tax position — not just the dividend alone.
→ Read the franking credits explainerWhat is a franking credit?
How do I calculate the grossed-up dividend?
Can I get a franking credit refund?
What is the 45-day holding rule?
What's the difference between 25% and 30% franking?
Do I need to declare franked dividends?
Tax Accuracy & Sources
Estimates franking credit tax impact and potential refund or top-up tax on dividends. Does not account for trust distributions, partnership income, dividend reinvestment plans, or the holding period rule for credits above $5,000.