coolaboola12
Registered User
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- 317
Ignore my question, I see that if the dividends are less than 5k then you declare them on myaccount
In general, there is no WHT on dividends paid by UK companies.But with UK shares you don't get credit for any tax withheld by UK . So it appears you're double taxed on this income. This is why I stay away from UK shares personal
Interesting Im tempted to start doing this now, any advice on cheapest place to buy these its/berkshire?Past performance and all that..I'd argue JAM - JPMorgan American Investment Trust (available on Degiro) is a more reliable IT performer over most time scales.
Charting all these IT's and BRK.b over multiple timescales from 1 year, 3 year, 5 year and 10 , JAM seems to be a consistent performer and most of the time out does the S&P 500 (going out to 10 years its ~300% up vs SPY at 200%, at 5 years its 85% vs 72% ). YMMV
Sorry do you mind explaining this?This is what annoys me so much about the current tax system!
iShares Core MSCI World UCITS ETF USD (Acc)
is exactly the right investment for Protocol (and the vast amount of other novice investors too). But because of the stupidity of the tax system you've got to muck around trying to find some non UCTIS alternative, which while possible, requires you to have a good knowledge on funds/investments/taxes etc.
SCRAP EXIT TAX!
Have a read of this thread - https://www.askaboutmoney.com/threa...-non-tax-relieved-pension-contribution.237580Sorry do you mind explaining this?
I want an etf that aligns well woth tbe tax system if possible
i read the thread thank you but remain confused, Is his point the messy taxation and high 41% tax rate associated with etfs?Have a read of this thread - https://www.askaboutmoney.com/threa...-non-tax-relieved-pension-contribution.237580
Whose point?i read the thread thank you but remain confused, Is his point the messy taxation and high 41% tax rate associated with etfs?
This is what annoys me so much about the current tax system!Whose point?
For some people the messy (self declared deemed disposal every 8 years) and high taxation (41% versus 33% CGT, allowances and ability to offset losses on direct shareholdings) isn't worth it and they opt for direct shareholdings instead even if it's probably easier to get balanced diversification with an ETF.