FMG 5.53% $20.14 fortescue ltd

You may be partly right depending on how much of your income...

  1. 205 Posts.
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    You may be partly right depending on how much of your income comes from employment vs franked dividends:

    - If most comes from employment then the franking credit offsets against the tax you would have paid at your marginal tax rate.
    - If all income is from franked dividends then I believe you are right to consider effective tax rates.

    These changes could hit a lot of self funded retirees.
 
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