If you hold the shares in your SMSF all income will be taxed at 15%. Considering the dividends are fully franked (30%) and your tax rate is 15% accumulating dividends is a good strategy.
For example $1 dividend fully franked
This means a franking credit of 30%
Value = $1.30
Less Tax @ 15% = $1.15 after tax
I've always thought accumulating the dividends in your super fund made sense if you are at or near retirement age
a question of free accumulation, page-4
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