Dividend distributions

dustyroad46

I have a couple of M&G OEIC funds, both accumulation which I have recently received notification of a dividend DISTRIBUTION for the last year. I have always thought that these distributions should be added as part of the £2000 dividend allowance, but have recently seen that this may be incorrect and should be added to the £1000 PSA. Can anyone confirm or otherwise? 

ColdIron

If the distributions are actually dividends then the £2,000 dividend allowance applies. Some funds, particularly those with for example a high proportion of bonds, will pay interest and not dividends and therefore the various interest allowances (starting rate for savings, personal savings allowance etc) will apply

dustyroad46

Thanks for the clarification