Hi all
I recently moved to Switzerland. 32M, family of 4 with 2 kids at the private kita.
I can save max 1K per month for investments right now. As soon as kids are in public school this will become 4K.
I have a Degiro portfolio mainly focused on VWCE. I have been converting CHF to EUR to invest there every month over the past 8y while been cross-boarder worker.
The conversation fee using WISE has been around 0.25% (I.e. less than 5 CHF for a 2K CHf to EUR conversion).
I am now looking into IBKR and VT as many Swiss investors do. However, I don’t see a big gain by switching to IBKR and VT in my case.
My Degiro fees are (base fiat is EUR in my Degiro):
- 2.5€ per year for connectivity fee
- 0.3% autoFX per month to convert CHF salary to EUR for investment
- 1€ transaction fee with Degiro
VWCE is accumulating but dividend tax is withheld internally (15%) as per Iceland - US treaty if I not mistaken
What would I really gain by switching to IBKR and VT? I am aware of the withholding tax on dividends and that in the case of VT it can be reclaimed.
Also, the total amount of dividends that I would receive in one year period is below 666CHF so I am below the limit of 100 CHF withheld at source in order to ask for tax credit using the DA-1 form
I recently moved to Switzerland. 32M, family of 4 with 2 kids at the private kita.
I can save max 1K per month for investments right now. As soon as kids are in public school this will become 4K.
I have a Degiro portfolio mainly focused on VWCE. I have been converting CHF to EUR to invest there every month over the past 8y while been cross-boarder worker.
The conversation fee using WISE has been around 0.25% (I.e. less than 5 CHF for a 2K CHf to EUR conversion).
I am now looking into IBKR and VT as many Swiss investors do. However, I don’t see a big gain by switching to IBKR and VT in my case.
My Degiro fees are (base fiat is EUR in my Degiro):
- 2.5€ per year for connectivity fee
- 0.3% autoFX per month to convert CHF salary to EUR for investment
- 1€ transaction fee with Degiro
VWCE is accumulating but dividend tax is withheld internally (15%) as per Iceland - US treaty if I not mistaken
What would I really gain by switching to IBKR and VT? I am aware of the withholding tax on dividends and that in the case of VT it can be reclaimed.
Also, the total amount of dividends that I would receive in one year period is below 666CHF so I am below the limit of 100 CHF withheld at source in order to ask for tax credit using the DA-1 form
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