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Anonymous
I am already vested in US-domiciled etfs (VTI, VGK, VPL, VWO) via Autowealth. I am now also looking into manually invest into Irish-domiciled etf to reduce the withholding tax from 30% to 15%. I am looking at the S&P 500 index, and some recommended the CSPX fund by iShares which is also an accumulating fund. Any other irish-domiciled etfs that tracked the S&P 500 worth considering? In addition, any things to keep in mind when buying Irish-domiciled etf? many thanks :)
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Kenneth Lou
21 May 2019
Co-founder at Seedly
Hi there! I wrote about this extensively here:
But to touch on your last point... On some things to note.
What i understand is that the Ireland domiciled ETFs closely replicate the Similar composition of the US ETF, so in that sense itβs the same thing but with:
But your witholding tax on your dividends are at 15% instead of the normal 30% tax if you were to directly buy a US domiciled ETF.
Personally, iβve not done this but based on extensive research this is what Iβve found!
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Nicholes Wong
22 Mar 2019
Diploma in Business Management at Nanyang Polytechnic
VUSD is another one you can consider but its not accumulating etf....
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You can check out VUSD. There's a guide on this here: https://financialhorse.com/withholding-tax/