Gross return it is correct. After tax is a bit over 3%.
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....cheers 777. So you're saying 3% in our hand , less personal tax or 3% no more tax to pay? ( apologies for the ignorance but I rarely invest for dividends........time to change that approach I think)
Each share paid 3.15c into bank account after having tax deducted from 4.7c.
Dividend statements will give you the information when you get them. If you are a 33c/$ tax payer then all will be correctly done. If less then when you file a return you will get a tax refund.
All dividends paid are net of any imputation credit and RWT. The two add up to 33c.
If it is a PIE then there can be imputation credits or excluded amounts. Max deduction is 28c. However this is a final tax and does not need to be included in a tax return.
But if your tax rate is 10.5c or 17.5c then it pays to include these to get some of the imputation credit refunded.
No, you don't get a chance to nominate the rate for deduction for payouts from listed shares/units.
A great summary 777, certainly clearer than a lot of company literature!
And of course if you are invested in an unlisted PIE fund, you can elect your PIR %. And this should be checked each year (Due to retirement I'm in the process of changing mine with a few investments).
Some companies contact you each year to remind you to check your rate is correct. Some don't.
All good thanks..........agree better than money in the bank but not up there with HLG and AIR etc?