bigfoot12
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Post by bigfoot12 on Sept 15, 2015 12:54:10 GMT
Has anyone heard anything about the dividend tax credit. My 6% yield this year was given to me as a 5.4% yield and 0.6% tax credit. (I wasn't expecting that.) This won't be possible next year. Has anyone asked about it?
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mikeb
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Post by mikeb on Sept 15, 2015 18:18:51 GMT
I can't say I recall any discussion around the time of the budget (which would be opportunity 1) and so I assume that THC will announce something nearer the time when the change in legislation goes through and starts to affect things. As to not expecting the 5.4%/0.6% -- nor was I -- I think the phrase used in the YouTube video was "we pay 6% net of tax" -- which may be true, but it's 5.4% in actual money and 0.6% in vouchers Maybe from next year we will start receiving 6 actual % ? You could always email frazer/clarissa direct and ask, if you're worried about it right now ...
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Sept 15, 2015 18:40:17 GMT
..., if you're worried about it right now ... No I was just filling the tax credit in on my tax return and it got me thinking.
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mikeb
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Post by mikeb on Sept 23, 2015 17:28:28 GMT
My latest pre-warning-of-a-dividend email has this new sentence, which answers your question! "Obviously with the changes to the way dividends are taxed changing April 2016, after that date your dividend will be paid gross." So there you go, bigfoot12 -- 6% in cash
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