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Shifting platform and dividend payments
mapk
Posts: 157 Forumite
Can someone explain how and where dividend payments are made. What happens if an investor has switched to a different platform for their S&S ISA. Would dividends payable after the move be 'forwarded' to the new ISA account? Thanks, and sorry if it's a dumb question!
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Comments
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The dividends will follow you.
If you move to a different platform, your investments will be re-registered to a new provider. So the funds/stocks paying the dividends will pay the dividends to whoever the investments are registered to, which will be your new provider."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
As george4064 says, the dividends will follow you. One little detail to remember though, is that if you have a share like M&S or Whitbread that has some shareholder benefits such as discount vouchers then you will need to ask your new platform to register you to receive these.0
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