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Franking Credits Calculator

Calculate the franking credit on Australian dividends, your grossed-up income, and whether you receive a tax refund or owe additional tax at your marginal rate.

Australia estimateLast reviewed 15 August 2026Reviewed after a methodology change

Your details

Calculator inputs
incl. Medicare

Continue your plan

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When to use this calculator

  • Before accepting a pay change, bonus or contribution arrangement.
  • When you want a simple take-home or conversion estimate before payroll or filing.
  • When you need to convert between hourly, monthly and annual pay.
  • When you want to compare two pay scenarios using the same assumptions.

A realistic Australia planning example

Use these sample inputs as a quick scenario test, then change one variable at a time to compare outcomes.

A realistic Australia planning example
InputValue
Cash Dividend Received (A$)7000
Franking Percentage (%)35
Marginal Tax Rate (incl. Medicare)0% (below tax-free threshold)
Receiving in Super Fund?No — personal name

After entering these figures, review franking credit, grossed-up dividend and tax refund together rather than in isolation. Then rerun the tool with one input adjusted.

How to read your results

Franking Credit

The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.

Grossed-Up Dividend

The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.

Tax Refund

Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.

Additional Tax Payable

Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.

Net After-Tax Income

Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.

Effective Yield Multiplier

The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.

Common mistakes

  • !Using an assumption that is not supported by a current local quote, bill, statement or official source.
  • !Treating a generic estimate as a lender, provider, payroll or tax authority decision.
  • !Mixing monthly and annual inputs without converting them consistently.
  • !Testing only one scenario instead of checking how a cautious assumption changes the result.

What to do next

  • Run a second scenario with a cautious assumption so you can see the downside clearly.
  • Compare the result with the related calculators below before making a decision.
  • Check current local rules, eligibility and provider terms before applying or committing money.
  • Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.

Frequently asked

Franking credits (also called imputation credits) represent the corporate income tax a company has already paid on its profits before distributing dividends. Under Australia’s dividend imputation system, shareholders receive a credit for this prepaid tax and include the grossed-up dividend in their assessable income. If your personal tax rate is lower than the 30% corporate rate, the ATO refunds the difference. If your rate is higher, you pay the top-up. This system prevents the same profit from being taxed twice — once at the company level and again in the investor’s hands.

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