sharky irrespective of your tax status when a Dividend is franked vs unfranked you are better off let me highlight using an example 100 FF dividend at various tax brackets vs unfranked
top mtr franked - you pay another 15% ( 45.% in total ) tax and therefore net 85 unfranked - you pay 45% net 55
30% mtr - franked - you pay and receive nothing so you keep the 100 unfranked - pay 30 so you net 70
15% super franked you got a 15 refund as company has already paid 30 unfranked you pay 15 and receive 85. Even without An SMSF the tax credit nets off other tax payable
for the same level of dividend , in this example 2c having it partially franked will result In a better outcome for us irrespective of our tax bracket
IMA Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
