How are franking credits calculated in ChangeGPS Dividend Statements?

Franking credits in ChangeGPS Dividend Statement are calculated automatically based on the dividend amount per share, the franking percentage, and the company's corporate tax rate. The formula used is: Franking Credits = Dividend Amount × (Franking Percentage × Tax Rate) ÷ (1 − Tax Rate). For a company paying tax at the standard 30% rate with 100% franking, this works out to: Dividend × 30 ÷ 70 = Dividend × 0.4286. For example, a $10,000 fully franked dividend from a 30% tax rate company carries $4,286 in attached franking credits, meaning the shareholder's grossed-up dividend is $14,286 ($10,000 plus $4,286). Shareholders can then claim those franking credits as an offset against their own tax liability. ChangeGPS performs this calculation automatically for each shareholder based on their shareholding and the franking percentage set for their share class.