You pay tax on franked & unfranked dividends at your same marginal tax rate, the franking credit offsets any liability.
If you don't have a liability you get the franking credit refunded or partially refunded.
Not all franking credits are at 30%, SME's below the threshold have 25% credits as they pay tax at 25%.
Everyone's circumstances are different as it depends on what other income you have & from what sources, as such people have different marginal tax rates.
As stated before, download your dividend remittance & give it to whoever does your taxes & they'll sort it out.
Just remember the tax that is charged will be higher on the Dec payment than the one from Jun so don't spend it all!
You pay tax on franked & unfranked dividends at your same...
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Last
$28.75 |
Change
-0.020(0.07%) |
Mkt cap ! $86.46B | |||
| Open | High | Low | Value | Volume |
| $28.64 | $28.85 | $28.64 | $67.16M | 2.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3135 | $28.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.79 | 747 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$28.83 |
Change
-0.020 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $28.68 | $28.84 | $28.66 | 291745 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ANZ (ASX) Chart |