I’m new here and I was wondering do you still pay taxes for dividends , if you do not withdrawal your money? If yes, do you need to pay them every month or on every 4 months depending on when your dividend is payed?
I want to reinvest my dividends and that’s why I was wondering.
Yes you must pay taxes on dividends. They’re considered income just like the money you earn from a job. If they’re within an ISA OR below £2,000 a year you don’t have to worry about them. If you earn more then this I suggest to go to the website below if you’re from the UK, or looking it up on your own countries guidelines. https://www.gov.uk/tax-on-dividends