Normal
Definitely.But the more correct way to think about it, is not to think about it as being a tax free dividends, instead divide the franked dividend by 0.7.So a $100 franked dividend is really $143, which you pay tax on in your tax bracket. If you pay 0% tax you get the extra $43 as a refund, if you are in the 47% bracket, you owe $67 tax but use the $43 tax credit to pay it so only have to hand over $24 out of your $100 dividend.
Definitely.
But the more correct way to think about it, is not to think about it as being a tax free dividends, instead divide the franked dividend by 0.7.
So a $100 franked dividend is really $143, which you pay tax on in your tax bracket. If you pay 0% tax you get the extra $43 as a refund, if you are in the 47% bracket, you owe $67 tax but use the $43 tax credit to pay it so only have to hand over $24 out of your $100 dividend.
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