Franking credits: No magic formula for SMSFs

Key Points SMSFs get the same benefit from franking credits as other shareholders Maximising SMSF benefits requires high yielding investments Franking credits can play other useful roles The Myth An advantage of SMSFs is the ability to purchase shares that pay franked dividends. Due to their low tax rate and the ability of excess credits to be refunded, franking credits offer significant advantages to SMSFs. The Motive Previous articles have highlighted the battle for the fees on your retirement savings between financial advisors and fund managers. SMSFs are a critical weapon in the advisor’s armory. What better way to...

An advantage of SMSFs is the ability to purchase shares that pay franked dividends. Due to their low tax rate and the ability of excess credits to be refunded, franking credits offer significant advantages to SMSFs.

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