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Does anyone know if the 15% tax is taken out of the 2.1cps...

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    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
 
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