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This is why a lot of experienced people don't bother with newbie questions. 1) The newbie starts asking some questions that just don't make sense, or aren't important. Experienced people can see through the post to the thoughts, or lack thereof, of the poster, because they've gone through it...

Too many holes in your knowledge, M&M. I suggest reading a book on this.

You pay less tax on say a fully franked dividend of $500 compared to receiving $500 in interest, yes. However, there is no difference on tax payable on a dividend of $500 whether you receive it in cash or whether you reinvest it. It's not just a matter of paying less tax. If your tax rate is...

There is no difference to your taxable income whether you take the dividend as cash or reinvest. You might get a discount to the market price on dividend reinvestment, but that's it. I don't make it a point to declare everything. I make it a point to declare all my taxable income.

Whether you use dividend reinvestment or take the dividend as cash, you still have to declare it as income on your tax return. I sure hope you've been doing that.

That's only $530. Buy it, don't buy it. It's not going to affect your wealth plans much?