facebookAm I subjected to tax or other legal fees if I invest in Global and US ETFs through a roboadvisor, where dividends are always automatically reinvested ? - Seedly

Anonymous

11 Jun 2020

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General Investing

Am I subjected to tax or other legal fees if I invest in Global and US ETFs through a roboadvisor, where dividends are always automatically reinvested ?

I do not plan to cash out for the next 5-10 years. I really do not want to have an unpleasant surprise whereby I have to pay say 30% withholding tax, etc. Does that 30% withholding tax apply here in my case even though I am using a roboadvisor?

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Hello there! Generally when you receive a dividend, it is usually net of fees, and reinvested into your portfolio. Basically the fund manager will do all the work for you including paying the 30% witholding tax.

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