Cash distribution 9.0 cpuTaxable income 19.5 cpuForeign tax...

Cash distribution 9.0 cpu
Taxable income 19.5 cpu
Foreign tax credit 2.5cpu

Assume my tax rate 30%.

Assume no capital gains or tax deferred (conservative).
Post tax amount 9.0 - 19.5*30% + 2.5 = 5.7 cpu

Assume 70% assessable (just a guess).
Post tax amount 9.0 - 19.5*30%*70% + 2.5 = 7.4 cpu

Upshot is, the post-tax result is going to very much be a function of the distribution components, due to the high level of taxable income relative to cash distribution.

Sensible comments welcome.