Franking credits calculator

Enter a dividend, how much of it is franked and your tax rate. See the franking credit, the grossed-up dividend for your tax return and the tax or refund that results.

Tax year 2026–27 Rules checked: November 2026 How we calculate

Franking credit$300.00

Grossed-up dividend (taxable): $1,000.00
Extra tax to pay: $20.00
Kept after tax: $680.00

Cash dividend: $700.00
Franking credit: $300.00
Grossed-up dividend: $1,000.00
Tax at 32%: $320.00
Less franking credit: −$300.00
Tax payable: $20.00

Include the grossed-up amount in your tax return; the franking credit is then offset against your tax and any excess is refunded.
You must hold the shares at risk for at least 45 days (90 for preference shares) to claim credits above $5,000 a year.

This is an estimate based on published rates, not tax or financial advice. Your payslip or assessment may differ. We are an independent site, not affiliated with any government agency.

The formula

Franking credit = dividend × franked % × company rate ÷ (1 − company rate)

Cash dividend	Company rate	Franking credit	Grossed-up dividend
$700 (100% franked)	30%	$300	$1,000
$750 (100% franked)	25%	$250	$1,000
$700 (50% franked)	30%	$150	$850

Tax or refund at different rates

$700 fully franked dividend, no other income

Franking credit$300.00

Grossed-up dividend (taxable): $1,000.00
Refund from franking: $300.00
Kept after tax: $1,000.00

Cash dividend: $700.00
Franking credit: $300.00
Grossed-up dividend: $1,000.00
Tax at 0%: $0.00
Less franking credit: −$300.00
Refund: -$300.00

At a 0% marginal rate the whole $300 credit is refunded. At 32% you owe $20 more; at 47% (top rate plus Medicare levy) you owe $170.

Questions people ask

How do I calculate a franking credit?

Multiply the dividend by the company tax rate divided by one minus that rate. A $700 fully franked dividend from a company paying 30% carries a $300 credit ($700 × 30 ÷ 70), so you declare $1,000.

Are franking credits refunded if I pay no tax?

Yes. Australian resident individuals and super funds get excess franking credits refunded, so a retiree below the tax-free threshold receives the full credit as a refund.

What is the 45-day rule?

To claim franking credits above $5,000 a year you must hold the shares at risk for at least 45 days around the ex-dividend date (90 days for preference shares).

Official sources

Rules checked: November 2026.

This is an estimate based on published rates, not tax or financial advice. Your payslip or assessment may differ. We are an independent site, not affiliated with any government agency. Read the full disclaimer.