Managed Funds Franked Dividends.

Discussion in 'Shares & Funds' started by Johny_come_lately, 3rd Aug, 2010.

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  1. Johny_come_lately

    Johny_come_lately Well-Known Member

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    Hi,

    Last year I got a large tax return on my Australian funds. This year I have halved the funds that are Australian. As a result, I only got half the refund. Are Franked funds consistant or do they rise and fall? How do they work? :confused:





    Johny.
     
    Johny_come_lately, 3rd Aug, 2010
    #1
  2. Tropo

    Tropo Well-Known Member

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    Tropo, 4th Aug, 2010
    #2
  3. Johny_come_lately

    Johny_come_lately Well-Known Member

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    I get the definition of what Franking is. I would like to know how to work out company tax in a managed fund. With up to 200 companies in each fund, the maths would be insane. I would like to know what my refund will be each year. (I am on the minimum tax bracket).




    Johny.
     
    Last edited by a moderator: 4th Aug, 2010
    Johny_come_lately, 4th Aug, 2010
    #3
  4. Simon Hampel

    Simon Hampel Founder Staff Member

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    I'm not sure you can predict it accurately. The amount of franking credits you receive will depend on the breakdown of each company and how much dividend they pay and what the franking level of each dividend is.

    It will vary from year to year.

    Think of it as a bonus - if you get it, great. If you don't - not to worry.
     
    Simon Hampel, 6th Aug, 2010
    #4
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