Save on Dividend Withholding Taxes with UCITS ETFs Now Accessible on Syfe

I only recently found that Syfe is now providing UCITS ETFs on their brokerage platform since Feb this 12 months (sure, I’m fairly lagged). I’ve been progressively shifting my ETF holdings from US-domiciled to Irish-domiciled UCITS ones to save lots of on dividend withholding taxes, so discovering out that one other dealer platform providing UCITS ETFs received me excited.

For the uninitiated, UCITS ETFs (largely Irish-domiciled and listed on LSE) are solely topic to fifteen% dividend withholding tax versus 30% for US-domiciled ones. By investing in UCITS ETFs it can save you fairly a giant chunk of your dividends. In fact there’s no distinction for ETFs that don’t pay dividends like Invesco QQQ Belief (QQQ).

To this point, I’ve been shifting over my holdings on Vanguard Whole World Inventory Index Fund ETF (VT) over to Vanguard FTSE All-World UCITS ETF USD (VWRA and VWRD). VWRA and VWRD are the accumulating and distributing variations respectively

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