Standard LIfe Return of Value dividend

[conor599]

Hello this is my first time using this discussion board and I would be curious to hear from others who applied by post for the Capital option in the recent Standard Life Return of Value dividend but whose forms went astray or were seriously delayed in the post and so were defaulted to the Income option. This has/will cost my wife and I a couple of thousand euro which we had earmarked for house repairs. As yet no information has been given as to how this blunder happened and I wondered could we as a group (I believe around 4000 forms were involved) campaign to have this corrected. Looking forward to hearing from you.

 

[Agent 47]

There is another thread on this here on AAM. I had no problem having selected option B Capital online and communicated to them via email as I wanted to re-invest. The online option was the way to go to select correctly the required option.
You cannot afford to make these mistakes by not following up before the April 1st due date as the intermediary will say the form was not received. I would say there is no re-course and tax of 20/41% + USC is due on the dividend treatment of this return.

 

[conor599]

Thanks - I live in an area with poor broadband and thought that sending the form back 9 days before the dead line was sufficient. I would have emailed or gone online if I suspected there could be a problem (and will in the future). I believe around 4000 forms got delayed and An Post and Royal Mail are investigating. The forms including mine were received but took a month to get there (normally it should take 2 days) I consider that was a huge mess up and should be taken into consideration. Some rural area still have poor broadband and some older people are not computer literate - they should have been provided with a reliable means to communicate their wishes in such an important matter. After all we were provided with priority prepaid business reply envelopes which were not processed properly.