Megathread - 🔥 Dividend Fest 🔥

Easy mistake. I think the dividend note also includes the quantity of shares the dividend applies to. to that can be used as a check along with when you buy

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Nice to see there is hope for the rest of us :slight_smile:

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Yes, Freetrade sends this helpful information:

Screenshot 2022-10-08 at 20.00.39

which makes it clear how many Shares are held on the ex- date

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Please also add the ticker, that would be amazing :heart_eyes:

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EVERYWHERE, not just in the Dividend emails.

No new development should occur without considering;

  1. How/where will the ticker be included
  2. What is the appropriate number of decimal place accuracy to be applied to every number in screen layout to support mathmatical integrity and accuracy

It is included in the very first sentence.

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I got £20.37 for September with a very very small GIA, not sure if that’s good or not but it’s a start :slight_smile:

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It is a start indeed and will only improve with months and years of new and compound investing!

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Anyone with German stocks confirm the witholding tax? I heard it was Zero.

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It’s 25% plus an additional solidarity tax

You can see a list below:

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theres goes that idea.

thanks

not sure that is correct, i held some Deutsche Telekom shares and it was 0% tax withheld

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I don’t have any German dividend paying stocks so I wouldn’t know what should be correct. If the help page I linked to is incorrect then it needs to be updated.

@Freetrade_Team Please can we have some clarification for @Panik and the rest of us?

@JimmyJ above is completely right in terms of what is written in the Help. The double taxation treaty indicates a different rate. But the note above says 0% withheld in the GIA so this is bound to confuse …

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Telekom dividends should be tax free as they are one of the few German companies that pay from some form of post tax money pot afaik.

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Checking this out with the team and will revert back when I have clarification.

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:disappointed_relieved: :sleepy:
Been waiting for this one …
can buy many many greggs sausage rolls now :rofl: but when they take 20% withholding tax and I had it in my head it was only 10%

Yes my account is only 1k atm but I can’t do much until September next year once I max my help to buy out I’m going to go plus then I have an extra 200 a month to pump in, then plus will seem worth it as the pot will grow fast with the extra cash going in and I can use some features.

I mean having plus when you’re only putting in 100 a month is semi pointless for me as setting up buying orders with 100 yipeeee lol

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Here’s an interesting post for long term dividend investors:

UK Dividend Stocks Portfolio 2022 Q3 Update

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Good read that. These bullet points on constructing a high yield portfolio may be helpful for others:

  • Don’t invest more than 10% of the portfolio into any one stock
  • Don’t have more than three (out of about 20) holdings from one industry
  • Don’t invest more than 50% of the portfolio in one country
  • Do invest at least 50% of the portfolio into defensive stocks
  • Don’t invest in highly cyclical stocks (miners, oil & gas, housebuilders, etc)
  • Don’t invest in fragile businesses (low profitability, high debts, no competitive advantages)
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