TUI Annual Results

[OLTB]

Morning all

TUI is in my HYP and the annual results are here https://www.investegate.co.uk/article.a ... 70022EJTRK - importantly, dividend increased by 10.9% on last year (hooray!).

Cheers, OLTB

[digitaria]

I did think the falls on TUI had been overdone. Likewise Easyjet.

Isn't there a withholding tax on your dividends from TUI, thus putting something of a dent in its attractiveness as a HYP constituent?

[OLTB]

I did think the falls on TUI had been overdone. Likewise Easyjet.

Isn't there a withholding tax on your dividends from TUI, thus putting something of a dent in its attractiveness as a HYP constituent?

You are right, the tax is 26.375 (25% withholding tax and 5.5% solidarity surcharge on the withholding tax) which reduces the dividend significantly.

As part of my overall portfolio though, the diversity helps and happy to hold - I haven't topped up previously as there was a large spike in share price which has since disappeared so could top-up at some future point (not yet as the dividends I had saved up have been re-allocated).

Cheers, OLTB.

[moorfield]

and 5.5% solidarity surcharge on the withholding tax)

WTF? Has Corbyn been voted in this morning?

Are these charges reclaimable in SIPPs (W-8BEN form)?

And am I right in thinking TUI pays its dividend only once a year now?

[Arborbridge]

What is a solidarity surcharge? That's one I haven't come across.

Arb.

[idpickering]

What is a solidarity surcharge? That's one I haven't come across.

Arb.

Sounds like a Corbynism!

Ian.

[absolutezero]

What is a solidarity surcharge? That's one I haven't come across.

Arb.

Sounds like a Corbynism!

Ian.

Don't laugh. Coming soon to a dividend near you...

[moorfield]

What is a solidarity surcharge? That's one I haven't come across.

The solidarity surcharge was introduced in 1991 and, since 1995, has been used primarily to cover the costs of German reunification,

https://en.wikipedia.org/wiki/Taxation_ ... _surcharge

I wonder how Leave voting HYPsters square holding this share then ...

[Arborbridge]

What is a solidarity surcharge? That's one I haven't come across.

The solidarity surcharge was introduced in 1991 and, since 1995, has been used primarily to cover the costs of German reunification,

https://en.wikipedia.org/wiki/Taxation_ ... _surcharge

I wonder how Leave voting HYPsters square holding this share then ...

Thanks for explaining. We grumble about taxes in our lives - here's something the Germans must have had put up with for about thirty years.