Sentences with phrase «franking credit income»

The Martin Currie fund manager is fixated on the $ 7.50 in dividend and franking credit income he can deliver off investing $ 100.

Not exact matches

Endorsed income tax exempt entities and deductible gift recipients (DGRs) can apply for a refund of franking credits.

Franking credits generally occur for shareholders when certain Australian - resident companies pay income tax on their taxable income and distribute their after - tax profits by franked dividends.

However, if he is a low income earner, it is possible to be refunded the full amount of the franking credit.

At tax time, Ricardo must declare $ 1,000 (the $ 700 dividend plus the $ 300 franking credit) in his taxable income.

If the income is from «franked» dividends - that is, dividends paid by an Australian company out of profits on which it has already paid tax - it will come with a credit for the tax already paid, called an «imputation credit».

These arrangements concern us because they are intended to shield dividend income at a low or zero rate of tax, rather than «top - up» tax being paid at the individual shareholder's marginal rate, and the fund being entitled to a refund of franking credits.

A managed fund in which the investment manager invests in range of shares to satisfy a specific investment goal, such as maximising capital growth, dividend income or franking credits.