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Community


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Online Share Trading

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Dividends

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Frequent Contributor
How and where do I specify that I want my dividends to be reinvested and not paid out in cash.
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6 REPLIES 6
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Not applicable
Go to My account then under My details/Preference
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Contributor
What's the benefits of having it reinvested?
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Regular Contributor
DWT is Exempt and it can lower your average cost
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Contributor
Sweet, thanks Vince888, changing mine right now!!
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Valued Contributor
but only if the co offers the option of script and you save on DWT but it lowers your cost price (free shares) so more tax on exit ..
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Super Contributor
Does this work for the TFSA account as well, where you can re-invest the dividends
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