Tax & dividends
Franking Credits Calculator
Calculate the tax benefit of your franked dividends. See your grossed-up income, tax offset, and whether you are eligible for a refund — Australia's dividend imputation system explained.
Dividend details
Marginal rate: 34.5%
How dividend imputation works
Cash dividend received
$5,000
↓
Add franking credit
+$1,667
↓
Grossed-up dividend
$6,667
↓
Tax at marginal rate
-$2,300
↓
Less: franking credit offset
-$1,667
↓
Net tax on dividend
$633
Your dividend after tax
Calculating...
Franking credit: calculating...
🎉
Tax refund: $0
Your franking credits exceed your tax liability — you may be entitled to a cash refund from the ATO.
Franking credit
$1,667
Grossed-up dividend
$6,667
Tax on grossed-up
$2,300
Effective tax rate
9.5%
☕ Franking saved you $0 vs an unfranked dividend — that's 0 flat whites at $5 each.
Income breakdown
Franking level comparison
| Franking | Credit | Tax payable | After-tax income |
|---|
Franking benefit by income level
| Taxable income | Marginal rate | After-tax income | Tax saved vs unfranked |
|---|
Based on your current dividend and franking settings. 2% Medicare Levy included. Does not account for LITO, LMITO, or other personal offsets.
Disclaimer: This calculator is for illustrative purposes only. It uses simplified marginal tax rates (2025–26) including 2% Medicare Levy. Individual tax outcomes may differ based on offsets, levies, surcharges, and personal circumstances. Consult a registered tax agent for personalised advice. Franking credit refunds are subject to ATO eligibility requirements.