How often do you take off dividends

[d000hg]

Ah, it's just your phrasing "You don't declare a dividend if the company is [using ALL profits] making employer contributions to the pension plan" seemed quite a strong statement. In the context being discussed, fine, just checking!

[TheFaQQer]

Cheers everyone, I have always avoided monthly dividends as I thought it looked dodgy, was surprised to see a quarter of people do this.

I started Ad-hoc and moved to twice yearly

Some people have suggested that it might look like salary, but as long as the paperwork is correct and there is profit to cover it then you should be fine.

When I pay mine I have a different payment reference, I have the paperwork (voucher and meeting minutes), and I know there is plenty of retained profit so even if I moved to monthly dividends then I wouldn't worry about it.

I used to have an offset mortgage so at the start of the tax year I'd take a big dividend and whack it in there to reduce the interest bill. Now that I don't have the mortgage, I whack a lump sum into my different Santander 123 accounts and get some interest that way.

[The Spartan]

I generally issue them Ad-hoc but hopefully I'll move to twice yearly in the new financial year.

[Unix]

I do it as and when which ends up being monthly or more. But next year I might move to quarterly then annually after a few years.

[SimonMac]

Some people have suggested that it might look like salary, but as long as the paperwork is correct and there is profit to cover it then you should be fine.

When I pay mine I have a different payment reference, I have the paperwork (voucher and meeting minutes), and I know there is plenty of retained profit so even if I moved to monthly dividends then I wouldn't worry about it.

I used to have an offset mortgage so at the start of the tax year I'd take a big dividend and whack it in there to reduce the interest bill. Now that I don't have the mortgage, I whack a lump sum into my different Santander 123 accounts and get some interest that way.

O/T Have you seen the changes to the Santander 123 accounts? They have upped the fee's

[TheFaQQer]

O/T Have you seen the changes to the Santander 123 accounts? They have upped the fee's

Yes, but as long as you have enough money (£9000 as a basic rate tax payer, £8600 from April) then it's the best account to have for the interest alone. My joint account gets more than £5 a month back in cashback every month before the interest charges.

Martin Lewis says that as long as you have some cashback and at least £5k then it's probably the best to have still.

I'm considering opening a third one in the new tax year as well.

[d000hg]

Yeah, we have a mortgage with Santander and I think the cashback on that alone covers the fee.