As an "Aristocrat" you now have the possibility to view the net dividend in DivvyDiary in addition to the gross dividend.
In the Settings we have added a new section "Taxes" for our Aristocrats. Activate it to choose between the following options:
You can set an individual tax rate for each share via My Securities Account.
You can set a uniform tax rate that will be taken into account for all dividends.
By the way, you can switch between the 2 options at any time. DivvyDiary remembers your entries at the "Individual tax rate per share", so you don't have to maintain the values twice.
For our aristocrats with tax domicile in Germany we would like to give you a hint, how you can use the function in our opinion best. For this we distinguish in 2 scenarios:
If you are still below your savings allowance in the current year, it is best to use variant 1 (individual tax rate per share). Now enter the withholding tax that the respective country requires for each company (e.g. USA 15%). This way you will always have the correct net dividends for this scenario.
If you have exhausted your saver's allowance in the current year, you use variant 2 (uniform tax rate for all shares) for little maintenance and deposit 26.375% (without taking church tax into account). This covers a large part of the companies e.g. German, British & American companies. Of course there are exceptions again (e.g. Swiss companies) where the tax rate is higher than the 26.375% mentioned. Here it depends on the self-assessment of each aristocrat whether the uniform tax rate is sufficient for him. Alternatively, of course, the scenario A described above remains to be 100% correct.
If you have a free savings allowance again at the next beginning of the year, you switch back from scenario B to scenario A. DivvyDiary remembers your entries in the "Individual tax rate per share", so you don't have to maintain the values twice.
We hope you like the new function!
Further good dividend yields wish you
Max & Johannes