Spectra Systems Share Discussion Threads

[xajorkith] 17/7/2018 16:59

As I see it, SPSY is registered in the US & all income therefore subject to US tax law, regardless of where it's shares are traded.

Surely the fact that 30% has been deducted at source is proof of this?

As suggested, time to escalate & move to a new broker.

[trident5] 17/7/2018 16:55

It was incorporated in Delaware if that helps.

[trident5] 17/7/2018 16:47

Well - it seems to me some of us were paid properly and some not - so the fault lies with the insitution.

The last thing they'll want is the FCA checking whether they're administrating W8BENS properly.

[sonofbanjosinger] 17/7/2018 16:28

I will take your advice and follow it .

[sonofbanjosinger] 17/7/2018 16:26

Trident thanks for the imformation ...l have just been on the phone again for half an hour and they are still saying the same thing that the W-8Ben only works if the share is registered in the US

[trident5] 17/7/2018 16:17

So, to be clear - the dividend was 6c less reduced w/holding tax of 15% gives 5.1 cents converted at around 1.35 = 3.8p.

And you've completed W8BENS and not getting the appropriate net dividend?

Maybe they or someone in the institution is scamming you. If it was me I would tell them you're concerned that you're being defrauded and will refer it to the FCA.

That'll make the whole thing their problem, not yours.

[pj 1] 17/7/2018 15:54

Same with HSBC

[trident5] 17/7/2018 15:23

You're being taken for a ride Son....

Tell them you're a man of means and need to talk to someone important there who knows the purpose of a W8BEN.

[sonofbanjosinger] 17/7/2018 14:32

I had another reply from Halifax today saying that although l had the correct W-8BEN in place. Because Spectra is incoperated in the US but registered in the Uk is the reasson l was not able to get the reduced 15% withholdal tax...sounds a bit fishy to me?

[bones] 16/7/2018 23:51

Reply from AJ Bell received today:

“Upon, looking at your account I can confirm the dividend payment is due to be credit to your account over the next 5 days.

The delay was caused by the registrar sending the payment via a cheque, our banking team then have to credit to the account and wait
for clearance, which I have been informed will be this week.”

I wait to see if the W-8BEN has been applied for the lower withholding tax rate.

[sonofbanjosinger] 14/7/2018 11:11

Thanks Ntv ..will give it another go

[junior21] 14/7/2018 10:40

Still awaiting my dividend from AJ Bell, but last time Sipp dividend was fully received and ISA only had 15% deducted.

[ntv] 14/7/2018 09:27

Halifax should do their job properly that is what they are paid to do
make them sort it out

[sonofbanjosinger] 14/7/2018 08:11

I had the full 30% withholdal tax taken even though l hold the correct W- forms when l contacted Halifax, they told me it was because they are exclusively a Uk broker. Who would be the best broker to use. I hold Spectra in a trading account, lSA and SIPP.

[bones] 14/7/2018 00:00

I've also messaged AJ Bell for same reason. Odd really as, generally, I find their service pretty decent for an online retail broker.

[death by donut] 13/7/2018 22:53

AJ Bell , sipp , nout.DbD :-(

[pj 1] 12/7/2018 09:15

HSBC dividend credited this morning. Extremely poor service imo

[lord gnome] 09/7/2018 08:58

. Post removed

[lord gnome] 09/7/2018 08:56

That is the poorest excuse I have heard in a long time, allyp. If they can't cope with that, it's time to find a broker who can. I use ii and touch wood, never a problem. The only issue I have is with their prices for dealing in smaller stocks. They are often well off the mark. They don't always use the MM offering the best prices.

[allyp] 09/7/2018 08:34

AJ Bell Youinvest still haven't credited my accounts. Just rang them and they said it might be a few more days - they "received a lot of dividents in the last couple of weeks" so they are still working through them. You'd think they are sorting through a big bag of pound coins having to divvy each up, for goodness sake!

[fft] 08/7/2018 17:03

It shows in acct history. But, don't forget to change the currency to USD !!

[samsj] 08/7/2018 14:21

With internaxx does it show in account history or just drop in to USD balance? Thanks

[dcarn] 05/7/2018 21:57

Which broker?

[sonofbanjosinger] 05/7/2018 17:45

Got charged the full 30% US withholdal tax so will be on the phone completed the correct forms around 4 months ago