Calculate∑ What your result means
Franked dividends come with a credit for company tax already paid at the 30% corporate rate, which you can use to offset your own tax bill on that income — and claim as a refund if the credit exceeds your tax payable.
Australia Dividend Imputation (Franking Credits) Calculator
Estimate the tax impact of franking credits attached to your Australian share dividends.
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Verified for 2026-27Methodology 2026-27.1 · reviewed 2026-08-08 · review by 2027-06-01
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Compare scenarios
Change cash dividend received to see how estimated refund / (extra tax owed) responds.
Understand your result
Clear context for the values above.
Estimated refund / (extra tax owed)
Estimated refund / (extra tax owed) is included so you can interpret this estimate and make a better-informed comparison.
Franking credit
Franking credit is included so you can interpret this estimate and make a better-informed comparison.
Grossed-up dividend
Grossed-up dividend is included so you can interpret this estimate and make a better-informed comparison.
Cash dividend received
Cash dividend received is included so you can interpret this estimate and make a better-informed comparison.
How to use this calculator
- 1Enter your current cash dividend received, franking percentage, your marginal tax rate, company tax rate shown on statement.
- 2Review the headline estimated refund / (extra tax owed) and the supporting figures beside it.
- 3Change one input at a time to see which assumption has the biggest effect.
- 4Confirm current Australian rates and thresholds with an official source before acting.
Explore this calculator
What your result means →The headline estimated refund / (extra tax owed) is based on the inputs currently shown above.Key terms explained →Review the key terms and figures used to calculate this result.How to use this calculator →Enter your figures, review the live result, compare scenarios, then save or print your estimate.The calculation formula →The calculation follows the standard formula for this calculator. Results update whenever an input changes.Worked example →Using the current values produces -$125.Assumptions and limitations →Review the assumptions used to produce this estimate before relying on it.Costs or factors not included →Review any costs, fees or rules not automatically included before making a decision.Frequently asked questions →How accurate is this estimate? What should I check before relying on it? Can I save or share the result?
▦ How this calculator works
The franking credit is calculated by grossing the cash dividend up at the company tax rate, scaled by the franking percentage. Tax is estimated on the grossed-up dividend at your marginal rate, and the franking credit is then compared against that tax to find your net benefit or shortfall.
◇ Assumptions and what's not included
Choose the payer's 25% or 30% company tax rate. Medicare levy, offsets and your other income still determine the final personal-tax position.
▤ What to do next
Check the franking percentage and company tax rate shown on your dividend statement, and use your full tax return (including other income) for the actual refund or liability calculation.
Australia-specific contextFigures use AUD and current published rates and thresholds.
Reviewed for clarityUpdated 3 August 2026.
ImportantFor planning and educational use — not tax, legal or financial advice.
Your privacy mattersInputs stay in your browser.
Frequently asked questions
Why is the franking credit worth more than the cash dividend I receive?+
It isn't more, but it's added to your taxable income (grossed up) — the point is you're taxed on the pre-company-tax amount, then credited for the company tax already paid.
Can I get a cash refund of unused franking credits?+
Yes, if your total franking credits exceed your tax payable for the year, the excess is generally refundable — this is common for retirees on low marginal rates.
What if the dividend is only partly franked?+
Enter the franking percentage shown on your statement — only that portion of the dividend carries a franking credit, and the rest is unfranked income taxed without a credit.
Does this apply to dividends from overseas companies?+
No, franking credits are specific to Australian companies that have paid Australian company tax — overseas dividends don't carry franking credits.
Official references
Rules and thresholds used by this calculator are labelled for 2026–27 or formula-labelled period. Review the primary guidance before making a filing, borrowing, benefit or investment decision.
Last source review: 3 August 2026. Calculator results are estimates and may exclude circumstances described in the methodology.