Forum Archive Index - August 2001

[Morton John <John.Morton@tetrapak.com>]

I think the NZ sharemarket is a great place to be invested but appreciate
the advantages of a balanced approach.

I'm thinking about setting up a portfolio of UK shares (as part of a
diversified portfolio) following a long term "buy and hold" strategy.

I like the relative simplicity of selecting a high dividend yielding
portfolio of UK blue chip shares diversified across industry segments- using
a similar methodology to that outlined in "The Motley Fool" UK website. 

I have the UK pounds held on call, have a UK contact address, and could
purchase shares direct through several on-line brokers. My strategy would be
to invest in say 5,000 GBP holdings of individual shares over perhaps a six
month period to help average out peaks and troughs in the market during the
establishment cycle.

Anyone out there followed a similar strategy of direct UK investment?

Are there uniform and predictable rules that UK listed companies apply to NZ
based investors for taxation purposes? For example, do they apply a
witholding tax to dividends (at source)? 

Do UK listed companies follow the (erratic) approach of many NZ companies
and pay supplementary dividends to non-residents? 

As per investing in Australia, I presume the UK Tax Credits (and Tax
Vouchers) are of no value?

Any suggestions / ideas on how to navigate this particular minefield, or
where to find information, or a NZ investors actual experience would be
appreciated.

JEM


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