MJRInvests
Five stocks I own are ETF FTSE All World, M&G, United Utilities, Airtel Africa and Centamin.
bitflip Thank you for the information, just looked through it and found that my ETF pays on the 29th December
I’m stuck with many vanguard funds that are distributing but they’re all in my SIPP so it’s not a big problem to reinvest.
Have BT but not too many. Will get a couple of £s.
BT are very interesting with these investor circling. Have you brought to hold for the dividend or so you have an ‘I’m out’ growth goal?
I was expecting a couple of dividends yesterday but they haven’t landed. Just late popping through? They were for IUKD and ISF.
I did double check I bought before the ex date.
Edit - never mind, I rechecked and I had the wrong dates… Not paying out until 31.12.
I bought to hold initially but to be honest, I don’t see a massive upside for BT. It was one of my first trades, and didn’t realise Patrick Drahi was looking at a hostile takeover. Unsure how the markets will react if government decides not to challenge him. If it goes above my purchase price of 168 to close to 180, I may decide to sell.
I know this is about BT as an investment but as a company, I can categorically state there is nothing positive about them - just moved house, transferred my broadband to new house but instead of switching the broadband on, they inexplicably cancelled it and now apparently can’t switch it back on for another 2 weeks
So big dividend earners, pensioners people retiring soon what do we think of this then…
This measure reduces the tax-free allowance for dividend income (the ‘Dividend Allowance’) from £2,000 to £1,000 from 6 April 2023 and then to £500 from 6 April 2024 for individuals who receive dividend income.
This dividend allowance only applies to dividends received outside of ISAs and SIPPs, so probably best to maximise your contributions to ISAs/SIPPs once you are close to those thresholds in your GIAs.
Ahh, but what about people taking income from limited companies, and or people who are retired etc won’t this be a big kick in the teeth?
See I still don’t have a stocks isa but will be soon but so what happens say you get a 2k dividend into your isa then remove it from the isa is that still subjected to the dividend tax or does this come under a new tax?
far as i’m aware any capital gains or dividends generated within a ISA is tax free even when realised (withdrawn) and you dont have to declare it.
I only invest in a ISA for this reason. 20k is a huge chunk of change.
Retired people can have ISAs and still contribute to SIPPS.
Makes the need for an ISA a must, well worth the charge from Freetrade.
Ahh that’s sweet and cool to know thanks people