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Kill_Baulitz@Johann_van_der_Smut
8Mo
I have a junior custody account for the boy at ING. Almost all the money he gets goes into an All World and S&P500 ETF. Both distributing for tax purposes. And he also has an Nvidia in his custody account 😬
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Daniel@DB2310
8Mo
@Mongoele cool ,thanks
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Daniel@DB2310
8Mo
@DB2310 Have you taken a close look at the costs?
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Lukas M.@Lukas2998
8Mo
@Mongoele Why distributing for tax purposes? Are you trying to pay a lot of taxes?
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Kill_Baulitz@Johann_van_der_Smut
8Mo
@Lukas2998 Utilize the child's tax-free allowance
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Lukas M.@Lukas2998
8Mo
@Mongoele the tax-free amount can be better utilized with partial sales.
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Kill_Baulitz@Johann_van_der_Smut
8Mo
@Lukas2998 Why is that better? I can also make the partial sales if necessary
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Lukas M.@Lukas2998
8Mo
@Mongoele but dividends cannot be taxed. Given the investment horizon, they will probably exceed the tax-free amount.
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Kill_Baulitz@Johann_van_der_Smut
8Mo
@Lukas2998 Children have far more than €1000 tax-free
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Lukas M.@Lukas2998
8Mo
@Mongoele the amount does not change the fact that it can be better managed through partial sales.
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Kill_Baulitz@Johann_van_der_Smut
8Mo
@Lukas2998 I don't need to tax anything here for the time being. We currently have a return of well under €1000 and the child is 14 months old. Partial sales also cost money. And with ING it's not €1 like with TR. I can reinvest the distribution virtually for free via a savings plan
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