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Dividend

Reg - dividend income is earnings from shares. Companies can pay their shareholders (ie their owners) a share of the company profits. This includes vast public listed companies (ie shares on the various stock markets) or a company you have a high level of control or ownership of. (We would call the later a closed company).

If you own some company shares, you may receive dividend payments. These are included within your personal tax return. The main exclusions being dividends paid into a pension scheme or ISA/PEP – where they are largely tax free and so not relevant to personal taxation calculation. Any UK dividend received will have a 10% tax credit. Within personal taxation, that implies that a 10% tax has been paid on the dividend before you received the payment.

Aunty May - A payment from a company for having bought and held some of their shares.