So as an example, €115 dividend, of which €-15, of the €100 that is left, then 30% partial exemption, and of the €70 again 26% German capital gains tax? Then I ask myself why this ETF is being advertised if it is not worth it at all compared to the Irish domicile
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@ScorpionfromBW it is praised because it follows a coherent index, because it offers the prospect of growing distributions and because it has performed well in recent years. Tax: also not attractive for me compared to Ireland.
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•@ScorpionfromBW the withholding tax is fully credited against the final withholding tax. This is even better because you don't have to pay tax and withholding tax on the amount. However, if you do not use your FSA, this is a disadvantage.
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@WarrenWobuffet So, to complete the above example, the result is: 26% of 70 euros = 18.20 euros - 15 QSt = 3.20 euros KEST?
With an Irish ETF the calculation would be: 115,- * 0,7 * 0,26 = 20,93 Euro. TDIV is even cheaper. Or have I misunderstood something?
With an Irish ETF the calculation would be: 115,- * 0,7 * 0,26 = 20,93 Euro. TDIV is even cheaper. Or have I misunderstood something?
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@randomdude absolutely correct. If the allowance is used up, it is actually cheaper 👍🏻
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@EisenEnte Unfortunately no, at least for me (tax-free amount already gone) a total of almost 22% tax is deducted from the VanEck dividend compared to 18.5% for my other divi ETFs without withholding tax.
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@Baraccus please do the math for us.
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•@Baraccus I have just checked it again. Only 17.6% is deducted. Which bank are you with? It shouldn't actually happen that you get more deducted 🤔
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•@WarrenWobuffet Can send it later. But unfortunately it is actually 22% at Vaneck against 18.5% that I pay with the other Divi ETFs.
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@EisenEnte Deutsche Bank with the Vaneck. The other one is Baderbank. I bought a small test position in Vaneck (just under 2500) to try it out. Only 40.52 of the 52.20 dividend remained. Withholding tax was offset in the statement and partial exemption too. Perhaps in the wrong order. 🤷♂️
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@Baraccus I can't really understand that. Do you have a statement for this? @EisenEnte that should actually come out of it. Which bank do you have?
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