Instructions for the worksheet

Use the worksheet and step-by-step instructions to help you work out the amounts to report at item 10.

If you have more than one dividend or distribution statement, follow these steps to fill in the worksheet and calculate the amounts to show at item 10 on your application.

For more information, see Refund of franking credit for individuals worksheet.

Step 1: Collect all your dividend and distribution statements

Collect all the statements for dividends you received and for distributions you were entitled to for the period 1 July 2021 to 30 June 2022. Using steps 2 to 4, transfer the information from each statement to the appropriate columns in the worksheet.

Step 2: Company or fund name

Print the company or fund name shown on your statement under Company or fund.

Step 3: Unfranked, franked and franking credit amounts

Write the amount of any unfranked (or supplementary), franked or franking credit amounts in the appropriate columns.

You must subtract the amount of any supplementary dividend from the amount of franking credits that you include in the worksheet if:

• your dividend is from a New Zealand company, and
• that company paid you a supplementary dividend, and
• you paid New Zealand non-resident withholding tax on that dividend.

Do not include New Zealand imputation credits in the Franking credit column (only include Australian franking credits).

If your statement does not show the franked and unfranked portions of the dividend, include the total dividend amount in the Franked amount column.

Step 4: TFN amounts withheld

Write any TFN amounts withheld (or deducted) from dividends in the TFN amount withheld column.

Step 5: Total the amounts in columns 2, 3, 4 and 5

The worksheet will automatically provide a total for the amounts you have entered in each column.

Step 6: Complete item 10

Print X at the YES box at item 10 on your application, if you have received:

• any dividend distributions from a managed fund, or
• Australian franking credits from a dividend paid by a New Zealand company.
• Step 7: Transfer total at columns 2, 3 and 4 to item 10

Step 7: Transfer total at columns 2, 3 and 4 to item 10

Transfer the total amounts of unfranked amount, franked amount and franking credit from your worksheet to S, T and U at item 10 on your application. Do not show cents.

Step 8 Transfer total at column 5 to item 10

Transfer the total TFN amount withheld amount from your worksheet to V at item 10 on your application. Show cents.

Worksheet – Refund of franking credits for individuals

You can access an Excel version of the Refund of franking credit for individuals worksheetThis link will download a file(XLSX 25KB). This worksheet will help you if you have more than one dividend or distribution statement.

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

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

This worksheet is to help you work out the amounts you need to put on your application. You do not need to send this worksheet to us.

Continue to: How to lodge your application