Campbell O'Connor sent a Dividend Certificate with each dividend.
I had an account with Campbell O'Connor as well. They would purchase the shares on my behalf and issue me with a share certificate.
When I received the dividend, it was paid
direct from the UK company. I got the gross payment. The dividend was made up in two parts, the cheque portion and the dividend counterfoil. Lots of information.
Can I opt for a share certificate with Davy? This way I can have the gross dividend sent to me as soon as it is due, direct from the company, with all the information that I need. I can do my own tax returns.
Having a sum of money lodged in to my Davy account with no explanation is unsatisfactory. The least they could do is tell me the gross amount, the withholding tax, then the net amount.
I have paid large fees to buy these shares and I pay an ongoing account maintenance fee for an account that has few transactions.
I would also say that it was far quicker to purchase shares when dealing with Campbell O'Connor. Far quicker to answer the phone. I always got a price immediately, statements on tap. Excellent service from Ken.
And, Yes, brokers are obliged to deduct the DWT
Is this a UK tax or an Irish tax? Can I not choose to have the gross dividend paid to my account and I deal with the tax? It is coming from a UK company to an Irish resident. Does that not matter?