trademil wrote:Thanks. I'll be happy to just get recommendation for brokers and then I can check by myself if they accept non-UK people. Do you recommend Selftrade and Barclays? any others?
helfordpirate wrote:This is the most comprehensive survey I have found...
http://monevator.com/compare-uk-cheapes ... e-brokers/
I am with HL - not the cheapest, but service is good and decent range of funds etc. Just avoid anything to do with a high street bank or worse private bank at all cost!
trademil wrote:Government taxes and levies (per deal)
1% on purchases of Irish shares
0.5% on purchases of UK shares
Is this for real?
Now I understand why VWRL (domiciled in Ireland) is not that popular...
Valuethinker wrote:...Applies to all listed securities on a British stock exchange (and, I guess, any deal for a foreign share through a UK broker?).
TedSwippet wrote:Valuethinker wrote:...Applies to all listed securities on a British stock exchange (and, I guess, any deal for a foreign share through a UK broker?).
Foreign domiciled ETFs escape. And it's an important exception -- UK investors rarely, if ever, pay stamp duty on ETFs. iShares' and Vanguard's UK listed ETFs are all domiciled either in Ireland or Luxembourg. From April next year UK domiciled ETFs and funds should also be free of stamp duty; announced in last week's budget.
trademil wrote:...But, correct me if I'm wrong, for Ireland domiciled ETF (such as VWRL) I need to pay even higher tax (1% versus 0.5% on U.K domiciled shares).
Exchange Traded Funds (ETFs) give investors the chance to buy whole indices as easily as buying a share on the London Stock Exchange. Eligible for inclusion in ISAs but attracting no stamp duty,...
helfordpirate wrote:...btw As another "gotcha", Vanguard charge an initial fee of 0.5% on their UK funds (OEIC not ETF) which are UK domiciled and trade in UK equities or gilts...
TedSwippet wrote:Assuming you're asking "Do I pay a 1% charge on buying an Irish domiciled ETF on the LSE?", the answer is no, you don't.
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