chi-chi
20-04-2009, 03:22 PM
Hi All, I'm a newbie on here and have an ongoing dispute with ASB Securities about the above.
ASB Securities has debited my bank account with the Gross dividend when I have only been paid the NET after tax/i.c amount by the company concerned. Their letter advises that I won't need to declare the Gross dividend in my tax return and presumably therefore also ignore any tax paid as it now belongs to the purchaser. This I can understand.
So shouldn't ASB Securities therefore only debit my account by the equivalent amount of dividend that was remitted to me (i.e the NET dividend).
Right now, they've taken/debited too much and I'm not sure that I can get it back from the IRD! I feel that I've been ripped off.
I also note that they've debited the amount WAY before the actual net dividend paid by the company. Don't you think this is theft of interest lost?
Advice appreciated PLEASE!
ASB Securities has debited my bank account with the Gross dividend when I have only been paid the NET after tax/i.c amount by the company concerned. Their letter advises that I won't need to declare the Gross dividend in my tax return and presumably therefore also ignore any tax paid as it now belongs to the purchaser. This I can understand.
So shouldn't ASB Securities therefore only debit my account by the equivalent amount of dividend that was remitted to me (i.e the NET dividend).
Right now, they've taken/debited too much and I'm not sure that I can get it back from the IRD! I feel that I've been ripped off.
I also note that they've debited the amount WAY before the actual net dividend paid by the company. Don't you think this is theft of interest lost?
Advice appreciated PLEASE!