D.I.R.T. Deduction

All member's savings in B & S Credit Union are held in the form of Regular Share Accounts and dividends received are subject to tax at member's marginal rate. The Credit Union will now automatically deduct DIRT from any dividend you receive on shares on your account and members will have no further tax liability accuring to your dividend.

The rate of Deposit Interest Retention Tax has been increased from 33% to 41% in the Budget announcement on 15th Oct 2013. Ask any member of staff for further information.