Instructions to complete the refund of franking credits worksheet

Step 1: Collect all your dividend and distribution statements

For dividends you receive and for distributions you have an entitlement to for the period 1 July 2024 to 30 June 2025, collect all the statements.

If you have more than one dividend or distribution statement, complete the worksheet and calculate the amounts to show at Dividends in your application.

Using steps 2 to 4, transfer the information from each statement to the appropriate columns in the worksheet.

Step 2: Company or fund name

Write the company or fund name your statement shows in column Company or fund.

Step 3: Unfranked, franked and franking credit amounts

Write the amount of any unfranked (or supplementary), franked or franking credit amounts in the appropriate columns 2, 3 and 4.

Subtract the amount of any supplementary dividend from the amount of franking credits in your worksheet if all the following apply:

Your dividend is from a New Zealand company.
That New Zealand company pays you Australian franking dividends and a supplementary dividend.
You pay New Zealand non-resident withholding tax on the dividends the New Zealand company pays you.

Don't include New Zealand imputation credits in the Franking credit column (only include Australian franking credits).

If your statement doesn't show the franked and unfranked portions of the dividend, include the total dividend amount in the Franked amount column.

Step 4: TFN amounts withheld

Write any TFN amounts withheld (or deducted) from dividends in the TFN amount withheld column.

'TFN amounts withheld' are amounts withheld or deducted by the company or managed fund because you don't give them your TFN.

Step 5: Total the amounts in columns 2, 3, 4 and 5

Total the amounts you enter in each column and write the total in the total field for each.

If you use the excel worksheet, it will automatically provide a total for the amounts you enter in each column.

Step 6: Complete Dividends question

Print X at the Yes box at Dividends question in your application, if you receive:

any dividend distributions from a managed fund
Australian franking credits from a dividend paid by a New Zealand company.

Step 7: Transfer total at columns 2, 3 and 4 to Dividends question

Transfer the total amounts of unfranked amount, franked amount and franking credit from your worksheet to Dividends – labels S, T and U in your application. Don't show cents.

Step 8 Transfer total at column 5 to Dividends question

Transfer the total TFN amount withheld amount from your worksheet to question 10 – label V in your application. Show cents.

Worksheet – Refund of franking credits for individuals

This worksheet will help you if you have more than one dividend or distribution statement. Access an excel version of the Refund of franking credit for individuals worksheet (XLSX 25 KB).

Transfer the totals for labels S, T and U to your application. Don't show cents.

Transfer the total for label V to your application. Show cents.

This worksheet is to help you work out the amounts you need to put in your application. You don't need to send this worksheet to us.

Example: refund of franking credits worksheet

Steven receives a dividend statement from Teleco Ltd.

His statement shows:

a franked amount of $42.00
a franking credit of $18.00.

The statement below is just an example, there are many different formats of statements.

Steven also receives 3 other dividend statements from:

JT Corporate Unit Trust, his statement shows $120.73 unfranked amount.
Koles Bier Pty Ltd, his statement shows
- Steven didn't give the company his TFN
- his entitlement of $180 unfranked amount had $84.60 tax withheld (therefore he actually receives $95.40).
SDW Managed Investment Fund, his statement shows
- a franked dividend amount of $131
- a franking credit of $56.14.

Steven's worksheet
Company or fund	Unfranked amount (S) $	Franked amount (T) $	Franking credit (U) $	TFN amount withheld (V) $
Teleco Ltd	-	42.00	18.00	-
JT Corp Unit Trust	120.73	-	-	-
Koles Bier Pty Ltd	180.00	-	-	84.60
SDW Fund	-	131.00	56.14	-
Total	300.73	173.00	74.14	84.60

Transfer the totals for labels S, T and U to your application. Don't show cents.

Transfer the total for label V to your application. Show cents.

This amount includes both the amount Steven receives and the TFN amount withheld ($95.40 + $84.60).

Steven completes the dividend details at question 10 in his application like this:

Did you receive any dividend distributions from a managed fund or Australian franking credits from a New Zealand company? – Yes
Label S Unfranked amount: $300
Label T Franked amount: $173
Label U Franking credit: $74
Label V Tax file number amounts withheld from dividends: $84.60