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# Worksheet

Last updated 5 March 2020

Column 1: Company or fund

Column 2: Unfranked amount
S

Column 3: Franked amount
T

Column 4: Franking credit
U

Column 5: TFN amount withheld
V

-

\$

\$

\$

\$

-

\$

\$

\$

\$

-

\$

\$

\$

\$

-

\$

\$

\$

\$

-

\$

\$

\$

\$

-

\$

\$

\$

\$

Total

S

T

U

V

Transfer the totals for S, T and U to the application. Do not show any cents.

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

Note: This worksheet is to help you work out the amounts you need to put on your application form. You do not need to send this worksheet to the Tax Office.

Example: Franked amounts over multiple dividend statements

Steven received a dividend statement from Teleco Ltd. His statement showed a franked amount of \$42.00 and a franking credit of \$18.00.

Note: This is just one example of a statement. There are many different formats.

Steven also received three other statements:

• JT Corporate Unit Trust - his dividend statement showed \$120.23 unfranked amount.
• Koles Bier Pty Ltd - he did not give the company his TFN so his entitlement of \$180 unfranked amount had \$87.30 tax withheld (therefore he actually received \$92.70).
• SDW Managed Investment Fund - his distribution statement shows a franked dividend amount of \$131 and a franking credit of \$56.14.

Steven would complete the worksheet like this:

Column 1: Company or fund

Column 2: Unfranked amount
S

Column 3: Franked amount
T

Column 4: Franking credit
U

Column 5: TFN amount withheld
V

Teleco Ltd

-

\$42.00

\$18.00

\$

JT Corp Unit Trust

\$120.23

-

-

-

Koles Bier Pty Ltd

\$180.00
(see note)

-

-

\$87.30

SDW Fund

-

\$131.00

\$56.14

-

Total

S \$300.23

T \$173.00

U \$74.14

V \$87.30

Transfer the totals for S, T and U to the application. Do not show any cents.

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

Note: This amount includes both the amount received by Steven and the TFN amount withheld (\$92.70 + \$87.30).

Steven completes the dividend details at item 11 on the application like this:

Steven will receive a refund of \$161.30 if he has no outstanding tax debts. This is made up of the amount withheld because he didn't provide his TFN (\$87.30) plus his franking credit (\$74).

End of example

QC27601