absolutezero wrote:A kind offer but I have pulled the trigger and got rid.
It's reported in the right box, but why pay 20% on a PID when I can pay 7.5% on a normal dividend.
Now understand & apologies for being slow.
I was being unclear earlier when I said the basic rate deducted from the PID is recoverable, either by way of offset or by way of repayment. The recoverable was meant to cover those who can obtain a repayment. Whereas the offset meant no further tax to pay in some circumstances or, at least, the 20% deducted can be used to offset the Higher Rates if applicable.
Cash to be recycled into something else.
Do say where, on the appropriate board of course, when you've decided.