Tools / Australian Finance Tools / Dividend Income Tracker
Australian Dividend Income Tracker
Track ASX dividends, calculate franking credits and see your grossed-up income and tax position.
📈 ASX Dividend Income Tracker
| Ticker | Shares | Dividend ($/share) | Franking % | |
|---|---|---|---|---|
Frequently Asked Questions
What are franking credits and how do they work?
Franking credits (imputation credits) represent the 30% company tax already paid on profits before dividends are distributed. When you receive a fully franked dividend, you add the franking credit to your income (grossed-up dividend) and then offset the credit against your personal tax. If your rate is below 30%, you receive a refund of the excess credits.
How do I calculate franking credits on an ASX dividend?
Franking Credit = Cash Dividend × (Franking % ÷ 100) × (30 ÷ 70). For a $700 fully franked dividend: $700 × 1 × (30/70) = $300 franking credit. Your grossed-up income is $1,000, which is taxed at your marginal rate, then the $300 credit is applied.
Which ASX stocks pay fully franked dividends?
Many major ASX companies pay fully franked dividends including the big four banks (CBA, NAB, ANZ, WBC), BHP, Wesfarmers, Woolworths, Telstra and Fortescue. Fully franked dividends are most valuable for lower-income investors who can receive a tax refund on the excess franking credits.
Do I need to declare dividend income in my Australian tax return?
Yes. All dividend income must be declared in your Australian tax return, including the grossed-up amount (cash dividend plus franking credits). Your broker or the company's share registry provides a dividend statement each year showing the amounts to include.