The dividend rate is 0.3% and the loan interest rebate is 30% for the year end.
It will be paid automatically into shares on Tuesday 15th December 2020.
To avoid members queuing in the office, members can email a signed instruction to email@example.com so we can arrange a transfer into their bank account.
Due to the exceptional year, all members will be able to withdraw their dividend and loan interest rebate, there will be no restriction to those accounts in arrears.
Loan interest rebate example:
The yearly interest for a £5000 loan is £320.
30% (loan interest rebate) of the yearly interest is £96.
The £96 will be paid back to the member.