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Dividends in share ISA's

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Does anyone now if the Divi's in a share ISA are 'tax free'.
Ordinarily, std rate for Divi's is 10%.
anger, denial, acceptance ;)

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    No they aren't. However you do not need to ever pay the higher rate.

    Interest paying investments do (such as Corporate Bonds).

    I think thats right anyway.
  • astreix
    astreix Posts: 237 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    As you have pointed out dividends paid out by companies are already net of 10% tax.

    Within ISA you don't need to pay any tax on top of this even if you are are higher rate taxpayer. However if you were asking if it was possible to reclaim the 10% paid by company then no that is not possible.
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