UghFIRE

Franking credit refunds are a hot topic this election. It got me wondering about what exactly these changes would (financially) mean to the early retirement crowd. Obviously, everyone's situation will be different, and I doubt many people are aiming for a retirement income based on 100% fully franked dividends only. But to keep things simple, the below calculator assumes a single income earner wants to know their net income with and without franking credit refunds - assuming no other income. The calculator also assumes all dividends represent 4% of the portfolio size. Perhaps most importantly, the below refers to individuals who are pre-retirement age. As I understand it, most of the perception of 'unfairness' around the use of franking credits as a mechanism to avoid double taxation are when full refunds are paid on large retiree portfolios who do not pay income tax. That's a different problem though. Sure, abolishing franking credits completely will 'fix...