HughH
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Tax on Share Dividend Reinvestment - SIP vs. personal holding ?
Until March 2024, I was in a company share scheme where I chose to reinvest the dividend payments. I understood that this was exempt from income tax liabilities. In April 2024 I retired and the shares in the scheme were transferred to a holding account in my name (with the same share management company) and I continue to reinvest the share dividend to purchase more shares. Am I now liable for tax on the dividend even though it's still being reinvested in the same company ? Many thanks for your assistance.