RE: Heading North Everyday ?18 Jul 2024 14:44
CASTLE - you should stop giving out financial advice on forums. I have a SIPP which is for my retirement, and cash invested from my salary is tax exempt at source.
Most investors will also use ISA’s - no tax to pay on any of your investment, profits, trading etc. I have 8 different NASDQ shares in my UK ISA at the moment, all relate to Crypto, HPC and AI markets, none of which I will pay tax on.
I also don’t pay tax in the US either. @testpack3 - your broker will provide you with an W8-BEN form to ensure there's no tax liability in the US.
I then have a healthy chunk in there which I use to trade with (mainly AIM shares), all the profits from that go in to my long term holds.
The only thing I have that I can’t avoid paying tax on is BTC and Solana – however by the time I cash those in for my retirement, tax laws will probably allow them to be transferred to a SIPP?
Anyone investing should get their own professional advice on financial planning and tax affairs.