Investor Views: “Dividend Tax Will Force Me To Sell Shares”

Private investor David Griffin is appalled by the latest attack on investors. He tells Morningstar why the Government should be encouraging more people to invest

Emma Simon 30 July, 2015 | 10:46AM

The changes announced this month’s Budget could cost David Griffin £15,000 a year. He isn’t a buy-to-let property magnate, nor someone who claims welfare tax credits. Instead he describes himself as “an ordinary investor” who has invested in a range of UK companies over the past 30 years.

I let stocks wither rather than sell

He says: “I don’t see why the Government wants to punish investors who are supporting UK companies. But the new dividend tax will do this.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC307.55 GBX-1.82
European Assets Ord97.00 GBX-1.02
GlaxoSmithKline PLC1,625.80 GBX-1.44
Great Portland Estates PLC635.20 GBX-0.78
Vp PLC734.00 GBX-2.91
Whitbread PLC2,387.00 GBX1.62

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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