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Ann: Return of Capital Update and Payment of Dividend, page-69

  1. 441 Posts.
    lightbulb Created with Sketch. 77
    yes i also received a little over half of the dividend. It's because we do not have our TFN registered here - https://www.investorserve.com.au/
    So there is withholding or some other tax (even higher than tax on a fully franked dividend).
    You will get it back when you do your tax based on your total income
    e.g. if you were meant to get a $100k dividend, they will pay you about $53k. If you earn no other income that year you should have only paid about $25k in tax so you will be repaid $22k ($47k less $25k).
    The people that got their full dividend will be paying more tax when tax is due. (the preferred option vs our delayed option)

    rookie error on the biggest dividend ever
 
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