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 under Australia's dividend imputation system.
Uses 2026-27 resident rates plus 2% Medicare levy, with a 0% band below the tax-free threshold. Sources: ATO, Australian resident tax rates, Oct 2026; ATO, Company tax rates, Oct 2026.
Dividend details
Marginal rate: 32%
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, so 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 compared with an unfranked dividend.
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 (2026-27) 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.
Calculators powered by Aussiepaycalc.com.au