Plus500 Share Discussion Threads

[sailing john] 06/10/2020 11:20

Fall due to FCA announcement. Ban on crypto derivatives to retail from Jan 6th 2021. They were already on just 2:1 leverage so I suppose they could offer at 1:1 instead? SJ

[metis20] 05/10/2020 18:41

Marshall Wace LLP 0.69% -0.08% 2 Oct 2020

[rhatton] 05/10/2020 18:24

Shorts (Marshall Wace) reducing slowly

[elcapitalthegreat] 05/10/2020 12:32

rackers posting as rees4 again


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[tomstone12] 05/10/2020 11:06

Haters getting burnt here... good time for long term holders

[barryharmer] 01/10/2020 22:50

The email address for Alastair Billing got stripped from the post above. Its firstname dot lastname at hl dot co dot uk.

[barryharmer] 01/10/2020 22:46

Attachments to support your claim:

For
"Official Statement from your financial institute dated 21.08.2020 showing the exact Plus500 Shares held in your Account."
and
"Official Statement from the financial institute dated 11.11.2020 showing the Plus500 Dividend payment."

I just download the PDF from the HL site showing the Income Account Transaction History entry for the dividend payment – it shows the amount paid as well as the number of shares it relates to. You could ask HL for the statement on ex-dividend date as well, but they won’t do it for any shares held in a SIPP. So I send 3 statements one for each type of account.

A scan of your passport

"Official letter from your financial institute with respect to their detailed wire instructions (Note, same financial Institute which holds the Share on your behalf)."
Setup a currency account with HL, they are outsourcing the currency service in the near future, so the details will change from what I sent last time. When you setup the account they will provide the details you need to send ESOP. I send 'Alastair Billing' Details of the amount I expect in US$ about the end of the month after submitting the claim, it normally loses $20 in fees on the way. The reference you send ESOP is placed at the end of the reference field on their sending request, and this ref is truncated en-route and so HL do not what payment relates to whom.

Form W-8BEN can be downloaded from www.irs.gov. Fill it out and it will require you to do an electronic signature via their website – it basically is you confirming that you are not a USA tax payer. I did it when I was asked to when they introduced the need, but have not sent it on claims after that. Do it and then don’t bother send it again.

ESOP are not “jobs worth’s”, get your claim in quick and if something is not quite right they will let you know to rectify it – I have had a claim paid that I forgot to sign!

Anyone that needs any clarification about any of it then message me.

Only some of the info is HL specific.

[barryharmer] 01/10/2020 22:37

Download the form from Plus500 investor relations site
hxxps://cdn.plus500.com/media/Investors/Announcements/Plus500_Claim_For_Reduced_Rate_Of_Withholding_Tax_And_Tax_Declaration_v_Aug_2020.pdf?_ga=2.155923378.805164925.1601559749-1045298812.1600341818

This document contains 2 forms – the Application form and the Tax form.

I put all the HL shares totals on one line ISA + SIPP + Fund & Share = Total

On the Tax form I put Address of local income tax assessing office in recipient’s place of residence: HMRC, BX91AS, UK (I am self assessment)
I leave details of income received blank and under part B I put
"see attached document from tax office"

see next post for details of attachments to send

[barryharmer] 01/10/2020 22:27

The first part of the reclaim is getting the Cert of Residence from HMRC

Do this soon.. HMRC took about a month to send me mine and that was before COVID.

I will post the other instructions for the reclaim soon.

gives you info, but to apply use the link to fill in the form – it does not require Govt Gateway Login and is the one I used and supply the required answers to the non-personal questions below:



Q. Reason why a certificate is needed:
A. Claiming reduction of tax deducted by the Israel Govt from dividends paid by Plus500 a share traded on the FTSE. The shares are held within my ISA.

Q. Period for which you need a certificate:
A. 06/04/2020 to today

Q. Which country's tax office requires certificate?
A. Israel

Q. Please enter below the type(s) and amount(s) of foreign income received during the period for which a Certificate of Residence is required. (If shares, please provide the full name and address of the company and the number of shares in the same field.).
A. Shares
Plus500
Building 25
Matam
Haifa, 31905
Israel
????? Shares
Dividend = US $???? per share les 20% holding tax
This is to reduce the holding tax from 20% to 15%

Q. Article of the DTA:
A. 1971391

Q. Received as individual/partner/limited company:
A. Individual through ISA provider

[renzokukenreddragon] 01/10/2020 20:09

Hi Barryharmer. Is the process something you could summarise here? I have the same question as Groveman. I read the form from ESOP and it looked like you'd have to send something to your broker to sign then send it on to ESOP?

[conradj1] 01/10/2020 16:14

burst it gasper and then expire painfully

[barryharmer] 01/10/2020 13:58

groveman1, You cannot claim through HL, but you can claim direct from ESOP after the dividend has been paid. I have done this for the last 5 dividends. If you would like to know the procedure then contact me by clicking on my name above and then send message.