Listed shares

The same principles and calculations apply to shares listed on the stock exchange (or private companies with turnover over $50 million) that pay franked dividends, although these companies would all be continuing to pay tax at 30%.

If you wish to look up your share investments in the newspaper tables, you’ll see how any previous dividend was paid. You could also use information from websites such as www.asx.com.au.

It is usually denoted with an ‘f’ if it was paid as a franked dividend.

If so, remember to claim the imputation credit at the end of the financial year it was paid as it will reduce your tax payable or increase your refund through claiming a tax offset. A refund arising as a result of claiming franking credits is only payable upon the lodgement of a tax return.