“All through nature you find the same law. First the need, then the means.” – Robert Collier
All income is not treated equally for tax purposes. For example, there are no tax concessions for bank interest but income earned through franked dividends is tax free for the majority of taxpayers. This is because you receive a credit from the tax paid by the company. There is only one catch – the only way you can receive franked dividends is to own shares or managed funds that invest in Australian shares.