Services
Provision of SIP Software
Including maintenance and updates.
Training
A training program is available to those who are expected to use the software. A user guide will also be provided.
Support
Support Help Desk is available during office hours. There will also be an online facility for your further convenience.
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FAQ: Dividend Shares
As a shareholder you may be paid dividends on your shares.
If you receive dividends on your free, partnership or matching shares, your employer may allow you to use those dividends to buy more shares to be held in the plan. These are dividend shares. You are allowed to use up to £1,500 of plan dividends in this way in any tax year. You will not have to pay income tax on these reinvested dividends as long as the shares you buy with your dividends are held in the plan for at least three years.
If you do not use your dividends to buy more shares in this way, they will be taxed in the same way as other dividends. If you are a higher rate taxpayer you will need to enter the details on your Self Assessment tax return.
Source: Inland Revenue
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