Member Info for Bonz1957

Guess it depends on how you take your divs. See my last post 2 pages back. I hold mine in their SSA account and take all divs as new shares. The last 4 divs have given me shares equal to 12.5% of my holding. Agree the stats on here on misleading, think they are only taking account of the cash divs, and not those that are offered as a SCRIP div. Other share sites quote 10%+. ATB.

No need to worry about CGT if you time your sales to maximise your allowance. Or sell with a loss making share to reduce the gain on NG. Or Bed and ISA them, that way you can take your profit and continue to benefit from one of the best performing shares in the FTSE. Well done on TW. ATB.

Like you had these from the beginning, some from the leccy co's and some from Lattice out of BG. The divs have been great over the years - always took new shares via their DRIP - and anyone who participated in the last rights issue has more than doubled their money. The only problem would be working out CGT if ever this was taken over or when he time comes to sell. Must be one of the most complicated ever!! ATB.

Thank you for your kind words. Just thought I would put the record straight as various members had commented on divs and the the scheme. ATB.

The only place to get the advantages of the SSA is to open it directly with Santander. I'm very, very old school so hold all of my shares in certificated form so as to benefit from all the SCRIP and DRIP schemes on offer - it's a great way to increase your shareholding over time with no dealing costs. The only two I don't hold directly are Santander, and Centrica who offer a similar Flexishare service for the automatic re-investment of divs. ATB.

Just to clarify the situation, FWIW I hold my BNC shares in their SSA. This year (last 4 divs) I have received 12.5 new shares for every 100 held, this is a 12.5% return with the sp being within pennies of the sp 12 months ago. Where else can you get a 12.5% yield? Plus the great advantage of holding your shares within their SSA, is that when they offer a Scrip Dividend - as has been the case for the last 6 divs - instead of a normal cash div, if you opt for Option 3: Hold your rights and receive new Santander shares, then Spanish withholding tax DOES NOT apply. NO tax is payable at all, and you do not even have to declare the divs on your tax return, as it is classed as a distribution. From their site...."For UK tax purposes, your receipt of additional Santander shares should not give rise to taxable income or to a disposal for the purposes of taxation of chargeable gains. Spanish withholding tax will also not be deducted if you receive shares. Your new shares should be treated as part of the same asset as your existing holding of Santander shares for the purposes of taxation of chargeable gains, with any base cost in your existing Santander shares being apportioned between your existing shares and your new Santander shares." So you get a great return on your investment, NO dealing charges for the new shares, AND you receive your divs with NO tax deducted, and NO need to declare. It's a Win Win situation. ATB.

The next div is due mid Aug. It goes ex-div on 5/6.

Rats. It was at 680p when i started typing my last comment. Hence 1p off of 681 on 8/4/11. Sure it won't be long. ATB.

Only 1p off it's all time high. £10 would be nice, but this is one of the gems in my portfolio and will only be sold when i need the money. Have a lot of others that will go to fund my retirement before i will consider selling this. If only they had all been as good as this. ATB.

80p!! ROFLMFAO Think you'll have a long wait!!

The SSA account does indeed pay 5% on credit balances. But as there is such a short period between the cash divs, or sale proceeds from the rights, being credited before the new shares are bought, then the interest is negligible. You just end up with odd £2-4 that wasn't enough to buy another share sat there for 3 months until the next div, last year i earnt a massive £0.24p - after tax!! Think i previously mentioned that this year i will receive new shares that are the equivalent of approx 13% of my total holding, previous 2 years have been 8.5% and 5.5%. It all depends on the sp when the divs are reinvested.

RSA will announce their 2012 Final figures on 20/2 along with details of the final div. Last year the div was 5.82p, the record date was 30/3 and it was paid on 25/5. This years dates are likely to be similar.

Great advice frm DEBS1, you do get the chance to buy shares 1/4'ly with their mailings but you have no choice over the sp. With low dealing charges you would probaly get a better deal by timing your purchases to price fluctuatons. The advantage i have with my SSA is it is all automatic and i get an annual statement, the disadvantage is that i am not able to sell quickly if needed.

Works just like any other div. You can choose to receive divs as cash or new shares. You can make a choice and stick to it or you can vary it with each payment. Currently two divs are standard cash or shares, the other two are rights which are sold to produce cash which can also buy shares. These last two are effectively a free distribution, they don't carry a tax credit and as such are not declarable. I hold mine as a SSA - Santander Shareholder Account - as mine were in certificated form, and this year i will receive new shares totalling 13% of my holding - not a bad return. ATB.

Couldn't agree more with your comments. So many people concentrate solely on shares and miss some of the gems hidden away in Unit Trusts, which is where this was when i first bought in back in the mid 90's - similar to you -with a lowest purchase price of 41p!! As you say the dips can be severe, but then your divs buy more share, and at this price it's close to nudging it's all time high. My investments are split roughly 50:50 shares and unit trusts, with this sill counting as a ut in my books. ATB.

OEC3 and OEC4 - along with OEC1 and OEC2 - all merged into one under this heading in an effort to cut costs. Only time will tell if they are any more successful together than they were as separate entities - which in the case of 3 and 4 was pretty poor. ATB

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Re your post of 21/9: Why not? Everyone else seems to!! Agreed with you on the value of the divs here, especially as they have not - as yet - cut the value of the div which means it buys more shares at the current reduced sp. ATB.

Obviously not!!!

Just received my sheet of £34's worth of discount vouchers. Which considering the size of my holding represents a very healthy return lol!! ATB