All dividends of US-listed securities (regardless of whether the assets were bought through StashAway, or via your own broker) are subject to a 30% dividend withholding tax (WHT).
The WHT is held at source and the rest of the dividends are redistributed back to your portfolio(s) and reinvested automatically by us. Therefore the dividend payments shown on your “Transactions” tab are your net earnings.
When choosing the best ETF, our investment team optimises for total cost to our clients. This includes WHT, expense ratio, tracking error and bid-ask spread among other factors. If you’re interested in seeing a comparison between US-listed securities and foreign securities, here is an article that presents its case.
