Useful next calculations
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 worked example
These are the example figures the calculator opens with.
| Input | Value |
|---|---|
| Cash Dividend Received (A$) | A$7,000 |
| Franking Percentage (%) | 100% |
| Marginal Tax Rate (incl. Medicare) | 0% (below tax-free threshold) |
| Receiving in Super Fund? | No — personal name |
For those figures the calculator returns:
- Franking credit: A$3,000.00
- Grossed-up dividend: A$10,000.00
- Tax refund: A$0.00
- Additional tax payable: A$450.00
- Net after-tax income: A$6,550.00
- Effective yield multiplier: 93.60%
How to read your results
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.
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.
Questions people ask
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.