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Anonymous
Is it just the 15% tax? Does that make cspx cheaper if i were to dca?
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Just the divident tax. Which makes a big difference in the long run
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Yeap so one difference is the withholding taxes. CSPX withholding tax for singaporeans is 15%, half the 30% for other NYSE listed S&P500 etfs. Makes a huge diffrence in the long run.
Additionally, one cool thing about CSPX is that is an accumulating ETF, which means all dividends paid by S&P500 companies are autmatically reinvested. This saves on commissions compared to if you had to reinvest manually and also helps a ton if you do not recieve enough dividends to buy a full share, maximises compounding effect in the long run.
Check out my article on Irish-domiciled ETFs here Irish Domiciled ETFs – The Dollar Sapling and consider joining my telegram chat (https://t.me/thedollarsapling) for more resources!