WGB 0.45% $2.21 wam global limited

that's better, even though it's an unsubstantiated...

  1. 418 Posts.
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    that's better, even though it's an unsubstantiated statement it's at least something.

    as per my previous post.
    the only thing that matters is the gross dividend yield and your effective tax rate.

    when you report your tax it is done grossed up.
    when you calculate your tax this is done on the progressive tax tables for personal income tax for calculation purposes on the gross amount.
    the amount of tax you pay on this gross will tell you what your effective tax rate is.... which is waaay different than your marginal tax bracket.

    even if you earn $180k a year your effective tax rate is 30.7% and that includes Medicare.

    if you got $100 gross dividend franked at 30% which is typical, the. you would have got $70 paid out, $30 tax withheld credit with ato

    if you earn $180k you will not get any refund on this.
    you will have to pay an additional 0.7% tax.

    if you have lower income then you will get a bit of a refund on your tax withheld amount.

    if you got an unfranked $100 gross yield from a company it would work out exactly the same after tax assessment is done.

    ok.....tell me again how relevant franking is vs unfranked dividends?
 
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