Some companies pay franked dividends, which means the company has already paid tax on these dividends. When a fund (such as the Spaceship Origin Portfolio, Spaceship Universe Portfolio or Spaceship Earth Portfolio) receives franked dividends, they distribute the franking credits along with the dividends to you, based on the number of units you hold.
Subject to satisfying certain criteria, franked dividends generally entitle you to obtain a tax offset (or credit) against your income tax liability.
Franking credits will be detailed on your tax statement (aka AMMA statement), which we send out at tax time. Click here to find out how tax time works if you have a Spaceship Voyager portfolio.