Originally Posted by
Roger
If a 16 cent dividend is fully imputed it carries a 6.22 cent imputation credit (16 / 0.72) = 22.22 - 16.0 = 6.22 cents.
If its imputed to a level of 60% then your imputation credit becomes 3.73 cents per annum and on 54,644 shares this gives imputation credits of $2,038.22.
You net return is thus reduced by $361.78 from your calculated figure to be $4,546.22 or 4.546% assuming you can claim the excess imputation credit. Return would be slightly higher if done through a company investment vehicle as tax rate is 28% or if income is under $48,000 and your tax rate is 17.5% your return would be slightly higher again.
Worth risking the security of your family home ???????????