We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Taking 25% taxfree cash lumpsum out of large DC pension pot
Comments
-
@RogerPensionGuy : Sorry I made that too lengthy. Simple question : How are Money Market Funds/ETF Accumulation units taxed ? Hmm, I guess the entire gain is "notional dividend", and ideally there would be no capital gains tax ?But the broker would need to send you the notional dividend tax certificate ? The likes of Interactive Investor /HL would certainly send you one.But I am not sure Interactive Brokers where I hold US dollar funds would send me "notional dividend" tax certificate. Ideally it is not a good idea to hold Accumulation units in Taxable account. But I have US dollar funds which I want to park in short term money market ETF. Most of the good ones (US Dollar Money Market UCITS Fund/ETF) are Accumulation units. Was considering moving away from US domiciled funds such as Vanguard Federal Money market fund hence the question.There is a great post outlining the list of such funds but I find that list daunting - guess I have to read it again slowly : Or I will ask that poster for helping me find a decent UCITS alternative for Vanguard US dollar Federal Money market fund : https://www.bogleheads.org/forum/viewtopic.php?p=8112643#p8112643Thanks
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.1K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards