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A Quick Reference For Australian Tax Rates And Related Information

A Quick Reference For Australian Tax Rates And Related Information

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Application For Franking Credit Refunds (Without A Tax Return)

Franking credits are a refundable tax offset. This means that in general, if franking credits are greater than the amount of tax calculated on your income, you can get a refund.

Use this calculator to estimate the tax effect of a dividend on your overall tax position. It is a broad estimate only and not intended as a substitute for professional advice based on your circumstances.

Franking Credit Calculator For Shareholder/Investor

Franking Credit: $0.00
Grossed-up Income: $0
Personal Tax Rate: 32.00%
Tax on Gross Income: $0.00
Net Tax Payable $0

Note: This is a standalone calculator for the 2025-26 tax year and is for illustration purposes only. It calculates the tax impact of a dividend in isolation, assuming all eligibility conditions are met. Medicare low income relief or surcharge amounts are ignored. Final assessments are determined solely by the ATO.

Note that claims for a franking credit are subject to eligibility and anti tax avoidance rules including:

When claimed in an individual tax return, franking credit claims are included at Item 11 of the personal income tax return, or as part of investment income declared under sections of the supplementary tax return. Tax return forms for the current and previous years are linked here.

With the introduction of higher tax thresholds since 1 July 2012, together with available offsets, especially for seniors, many taxpayers may no longer be required to lodge a tax return.

This can result in an oversight for taxpayers who might otherwise have claimed the refund of franking credits by including the details in their tax return.

To enable the claiming of franking credit refunds without having to prepare and lodge a tax return, the Tax office has a form “Application for refund of imputation credits”.

=> See also Franking Credit calculators for companies <=

Franking credit refund application forms & instructions

For Non-Profit Organisations

Eligible organisations receiving franked dividends in the financial year or entitled to franked distributions from a trust can get a refund of franking credits.

If a prior application has been made, the Tax Office will provide a pre-filled form. Otherwise an application can be made using the information here.

Investor Information

Tax Office publications explaining investor tax records, tax implications etc:

See => Tax Time Tool Kit For Investors

You and your shares 2026

How To Calculate Franking Credits

Franking credits can be calculated from known variables, being the company tax rate (CTR), the franking credit percentage (FCP) and the dividend amount received (D).

Formula:
Franking Credit = (D ÷ (1 – CTR)) – D) x FCP

Example:
Let CTR = 30%; FCP = 70%; D= $10,000

Calculation – Franking Credit
= (10,000 ÷ (1 – 0.3) – 10,000) x 0.7

Answer: Franking Credit = $3,000

Click here see franking credit calculators for business and further examples.

See also ATO articles:

This page was last modified 2026-06-05