Personal Savings and Dividend Allowance

Hi, I'm currently filling in my self-assessment form and i have 2 questions, please see below: - Regarding dividends, please refer to https://www.gov.uk/tax-on-dividends it clearly states that "You do not need to tell HMRC if your dividends are within the dividend allowance for the tax year." As i'm within the dividend allowance for the tax year do i need to include it on my self-assessment? - Regarding my personal savings, please refer to https://www.gov.uk/apply-tax-free-interest-on-savings . As i'm within the personal savings allowance for the tax year do i need to include it on my self-assessment? Thank you

Hi,
 

Please include the figures on the Self-Assessment, it will automatically apply the allowances . Thank you.

Hi, Thank you for your response. With the shares I hold i receive a dividend twice a year and then it is re-invested as part of the Dividend Re-Investment Plan (DRIP). Can you confirm which is correct to put on my self-assessment: - The total dividend received in that tax year? - The total dividend received in that tax plus any residual amounts brought forward from previous dividend? With another set of shares that i have owned there has been no dividend issued for 2 years though there is a DRIP cash residual amount from the years before that, does that need to be included too on the self assessment form? Thank you again.

Can anyone help with my query please?

Hi,

It is only the amount paid in the tax year that you declare. If any of the residual is from previous years you do not include this.

Thank you.

Thank you so much