Im just trying to get my head around the difference in dividends franked vs unfranked and how they will affect me.
this year my income is about 65-70k, tax paid about 16k however my taxable income includes car allowance and can claim about 30k or so. This year i think my refund is about 11k.
so if i look at 2 different shares one is fully franked one unfranked. $2.00 share price paying $0.12.
now on the date payable would i receive the $0.12 per share from both?
would i be right in saying that i would get some extra back from the shares that are fully franked and have to pay some tax on the unfranked shares at the end of the financial year.