Is 33% always the tax rate then you claim it back if your tax rate is lower or can you nominate your actual tax rate if it's lower
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All dividends paid are net of any imputation credit and RWT. The two add up to 33c.
If it is a PIE then there can be imputation credits or excluded amounts. Max deduction is 28c. However this is a final tax and does not need to be included in a tax return.
But if your tax rate is 10.5c or 17.5c then it pays to include these to get some of the imputation credit refunded.
No, you don't get a chance to nominate the rate for deduction for payouts from listed shares/units.
A great summary 777, certainly clearer than a lot of company literature!
And of course if you are invested in an unlisted PIE fund, you can elect your PIR %. And this should be checked each year (Due to retirement I'm in the process of changing mine with a few investments).
Some companies contact you each year to remind you to check your rate is correct. Some don't.
All good thanks..........agree better than money in the bank but not up there with HLG and AIR etc?
Wow. Two good days in a row. Are the bots on holiday or is this the start of a slow but steady climb to a higher level? Guess time will tell, but my fingers are crossed it's going back into the high teens (at least :) ) .
Anyone got a link to the MAQ OCA presentation (if out), it would be appreciated by the many holders here.
Not a bad presentation. But the thing I do not like is the NZ Aged Care Supreme Winner award on Page 2. Unclear if it is 2015 - 2017. Regardless it show they didn't win it in 2018. Which shows there is someone better. Dont need to highlight that to the market.
reminds me of those sad restaurants that have their "menu" award form 1983 stuck in the front window
OCA won 'NZ Aged Care Supreme Winner Award' 2015,2016,2017, and the 'Innovative Delivery Award' 2018,2017, and 'Staff Training & Development' 3 years in a row.
I'ld take it, they're pretty consistently one of the the best in the industry & consistency builds trust & reputation.