What is a franking credit?

Dividends paid to shareholders by Australian resident companies are taxed under a system known as imputation. The tax paid by the company is allocated to shareholders as franking credits attached to the dividends they receive.

You are able to see your franking credits in your Dividend Statement, which can be accessed from the Reports tab of your Superhero account. You can seek advice from your accountant or tax adviser on how Franking credits may be used to reduce your tax liability for income associated with any dividends.

To be eligible for franking credits, you need to provide your tax file number (TFN) to Superhero. If you have provided your TFN to Superhero, your Dividend Statement will specify that your TFN is ‘held’. If not, please contact our Customer Support team via chat or email to provide your TFN.