Where are my dividends??

bearshare

AnotherJoe wrote: »

That's because you need that for tax purposes,

.I know: so why don't other platforms do it?

londoninvestor

bearshare wrote: »

.I know: so why don't other platforms do it?

Well - if you just want the data to fill in your tax return, all you need is a summary after the end of the tax year.

However, I think I'm the opposite of you - I would like this feature (an alert when an accumulation fund hits its dividend date) but I don't get it.

Why? Because it would trigger me to update my CGT tracking sheet with the updated base cost of the holding, so that I can optimise my sales to use as much as possible of my CGT allowance. After the end of the tax year is obviously too late for that.

It's not the end of the world to do it manually for a portfolio of a few funds, but the alert would be just what I want. Ah well...

AnotherJoe

FDa65rdk wrote: »

I didn't ask if the dividends applied to everyone... (Sigh)

How else would you interpret the following that you wrote, that it is seemingly only your £50 being applied to the millions of units? (my emphasis in your words below)

Let's say the cost of a unit is £1, I have 1000 units and receive a 5% dividend.

If that dividend was used to purchase more units, the dividend would be £50 and another 50 units would be purchased, increasing my holding by 5%.

However if the dividend is used to increase the value of each unit then the £50 would be a drop in the ocean (conceivably much less than one millionth) compared to the fund as a whole. This would not be the same as a 5% increase.

So, in your example, its just your "dividend" being spread out amongst all the units. What did you think was happening to everyone else's?

FatherAbraham

Linton wrote: »

If you hold the fund in an ISA or pension you are still sent the dividend notification but it is irrelevant.

Not so fast.

If one is tax resident outside the UK when the dividend is paid, then an ISA will not help avoid income tax, so the notification is important.

If one is tax resident outside the UK when one disposes of the assets, then an ISA will not help avoid capital-gains taxation, and all the notifications received will be important for computing acquisition costs, as well as any relevant holding-period relief.