Does anyone know if the 15% tax is taken out of the 2.1cps dividend or is the 2.1cps only subject to a 15% tax rate when you submit your tax return at the end of the FY. I think it might be the later. Resulting in an annual dividend of close to 10% at current prices.
I assume any share inside a SMSF would be subject to no tax and no franking credit benefits.
Any thoughts welcome.
Cheers Greg
Ann: 2021 Full Year Results - Investor Presentation, page-79
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