is the growth in a fund (say vanguard) taxed before you decide to withdraw any of it?
24 November 2021
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Question by ian
Hi, is the growth in a fund (say vanguard) taxed before you decide to withdraw any of it?
Answered by Kris Amliwala
Hi Ian,
This is dependant on which "tax wrapper" the fund is held in. For example, if in an ISA, then no, but a onshore bond, then there is a tax liability credited deemed to satisfy the basic rate of tax.
Best regards
Answered by
Kris Amliwala
Chartered Financial Planner
I really enjoy helping people align their wealth to their life goals and ambitions. By first spending time in understanding you, your life and your goals, before looking at cashflow planning and then if needed, any financial solutions, I find delivers the most rewards.