I think it was Jimmy79 who said that you only have to worry if your FCs do not exceed $6,000 for the year.
I wonder, though, if he also meant that - if that $6,000 is also your only income for the year, as in Income Tax tax-free threshold??? ___________________________
No Fatlak, income is not counted into franking credits- they work independently.
Can someone work out how much dividend one would have to receive from SIP to use up 6k of franking credits, please? My numbers/maths is not too good.
Here's a good and recent article on dividends and franking credits:
