facebookInvesting into Irish-domiciled S&P 500 ETF? - Seedly

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Anonymous

01 Jun 2019

General Investing

Investing into Irish-domiciled S&P 500 ETF?

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

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 it’s the same thing but with:

  • lower transaction volume (bid ask spreads)
  • sightly higher expense ratios

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, i’ve not done this but based on extensive research this is what I’ve found!

Nicholes Wong

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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