jla31411,
as an aside; and just in case you were not aware, for the purpose of reportable income were Centrelink is concerned about determining how much pension to pay you.
There is no requirement to report to Centrelink any income that is derived from company dividends including franking credits; nor, any capital gains made from the buying and selling of shares.
That has been taken care of by the deeming rate of your reportable assets. So if your dividend yield rates are higher than the deeming rate (somewhere between 3-6%), then that is a bonus in your favour.
But, please, do get more information about this from the Centrelink website.
Cheers
--Dan
- Forums
- ASX - General
- franked div. help
jla31411,as an aside; and just in case you were not aware, for...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)