Mckay Securities Share Discussion Threads

[kenny] 02/3/2012 08:00

The SIPP trustee should do this for you automatically, ask them to confirm that they are doing so as it can take a few weeks to receive the refund.

[gingerplant] 02/3/2012 05:38

Thanks Kenny - any idea how I go about this?

[kenny] 01/3/2012 20:50

Yes, you are entitled to a tax refund in your SIPP.

[gingerplant] 01/3/2012 20:25

Quick question - in an ISA, I reeived a "TAX RECLAIM ISA Dividend credit" but not in my SIPP (by far the larger holding). DAK - am I entitled to this in my SIPP and if so - what do I need to do?

TIA

[topvest] 28/2/2012 19:29

jonwig - oh yes, interesting!

[skyship] 28/2/2012 18:12

Well, I suppose he has been the slow accumulator all this time. A relatively small operator, so prepared to take a whole year to accumulate a 3% stake.

[jonwig] 28/2/2012 16:23

I see Perloff and Panther has a notifiable stake: 1,475,000 (3.215%). I wasn't aware of him holding.

A pretty canny operator.

[janeann] 18/2/2012 16:54

well perhaps people are realising the value to be had at this level.

I had a few more - but should have done earlier when they were down at 113 ish!

[pillion] 17/2/2012 15:28

Increased volume

[crawford] 17/2/2012 15:26

janeann,
I noticed, volume is high for this stock, nice break out of the range we were in.

[janeann] 17/2/2012 15:03

lot of buys today; has this been mentioned somewhere........

[hugepants] 15/2/2012 14:46

Yield 7.25% at this share price? Looks solid. Ive quite a few in my ISA now.
Ive also REC in my ISA which is worth a look given its huge yield and big cash pile.

[jonwig] 15/2/2012 08:26

The IMS was obviously out a couple of days ago for some people.

[lord gnome] 15/2/2012 08:18

That's the way I read it. This share won't surprise or delight us all, but it is a solid investment for the widows and orphans fund.

[stemis] 15/2/2012 08:15

Steady as she goes

[dendria] 15/2/2012 07:58

Q3 IMS out today (15 Feb 12)...

[lizafl] 13/2/2012 11:56

Crawford - useful info - thanks. My shares are also in an ISA.

[grahamburn] 13/2/2012 10:06

NatWest Stockbrokers (which is run by TDW) reclaims but it takes about 6 weeks.

[crawford] 13/2/2012 09:52

IWeb ISA account has been reclaiming for me.

[lizafl] 13/2/2012 09:39

Yes, thanks for the heads up about the tax reclaim. I've just checked my account with iWeb (part of Halifax Share Dealing) and realised that I've not been receiving the tax back on both the REITs that I hold with them - MCKS and LAND. I've just had a long chat with someone there - had to explain everything to him - and he's passing it on to their admin people who are supposed to be getting back to me about it (where have I heard that before?). Like Lord Gnome, I find it difficult to believe that large companies like this aren't set up to do this automatically. I hold British Land with Sippdeal, and I receive the tax reclaim a few weeks after the PID, so no problem there.

[lord gnome] 13/2/2012 09:15

Marvellous!!! I just checked my portfolio and found that my MCKS shares were already held in my ISA. I have just had a nice chat with a young lady in the TD Waterhouse account administration department and she has agreed to claim back my tax for me.
Question: Why should I need to ask a big outfit like TDW to do this? Surely they should be set up to do it automatically?

Thanks for the information from people on this thread. You have just saved me a few quid and increased the yield on my shares.

[linhur] 12/2/2012 23:51

Hi Specuinvestor

I have had similar problems both with Selftrade and Sippdeal over the last 2-3 years.You just have to keep pestering the customer Service and they do eventually reclaim.
Problem is very few people have heard of PIDS.
Reason is that the funds/ISA that deduct tax have not been able to sign up with HMRC as they keep their cash in pooled funds and not directly in your nominee account. Slowly getting sorted out as Sippdeal now pay gross and I think Selftrade are also OK now. Something like MCKS is not well known.
All the best
linhur

[specuvestor] 11/2/2012 20:30

Thanks neilg2

I have pursued it with them further. It appears their Senior Administrator

(Complaints & Written)doesnt know what she is talking about.

[neilg2] 10/2/2012 22:10

Specuvestor

I hold MCKS within an ISA with Selftrade and always get the 20% tax deduction refunded. It normally takes between 4 and 8 weeks after the divided is paid to get the tax refunded. I haven't received the refund for the January divided as yet, but checked back on my account and it was refunded around the 20 Feb last year.

When I first bought the shares, I e-mailed Selftrade to clarify the position and they confirmed it would be reclaimed (which it has been to date). I have not heard anything from them to say that the policy has changed.

I would ask them again as I suspect that whoever replied to you wasn't aware of this (but obviously should have been!).