Just dropping this here to get people ready, and if you see the stocks you are holding are voting for removal of dividends, vote yes!
If the “big beautiful bill” passes senate as it is now, an additional 20% levy will be imposed on top of the existing rates. This will be in effect as soon as Jan 1st 2026. I could keep writing about it but plain bagel dropped a video explaining it if anyone is interested.
Interesting, thanks for flagging. I’ll watch that. Any idea if 0% would still apply to Sipps? I’d be much more inclined to move a few US dividend payers from my ISA, if so.
Fingers crossed UK pensions will be exempt.
I don’t want to go political but the proposed legislation is clear as mud! There are provisions saying “for countries being unfair to united states, the tax free exemptions can be revoked” Canada has a similar exemption for pension programs and Richard (<- plain bagel) thinks it can be revoked if the bill goes as it is. And UK is listed several times (along with many other including EU/Turkey/Japan) explicitly.
So my guess is it can, but there are no clear lines indicating if it definitely will or will not.
Im gradually reducing my US holdings generally as they are going to be totally unreliable for as long as the Orange Bafoon is in charge!