georgewaini
New member
Hi all,
This topic is widely discussed on other threads but I would like to gather more, ideally up to date, opinions.
I have most of my savings in VOO + V T with InteractiveBrokers. My tax accountant recommended energetically to move some of that (if not all) to pillar 3b claiming that:
- If I sell on IBKR, I pay a reduced income tax rate on the sell price (even if I already paid wealth and income taxes in the first place).
- If I retire all the money after 60, I do not have to pay those reduced taxes.
- If I retire part of the money before 60, I also do not have to pay those reduced taxes.
- Dividends are not taxes on pillar 3b
- He also ensures that I would end up paying less costs than IBKR
I would like to know your opinions here. If the investment portfolio is rather similar, aren't the tax benefits, specially the dividens one, attractive?
What are the downsides of pillar 3b?
Thank you!
This topic is widely discussed on other threads but I would like to gather more, ideally up to date, opinions.
I have most of my savings in VOO + V T with InteractiveBrokers. My tax accountant recommended energetically to move some of that (if not all) to pillar 3b claiming that:
- If I sell on IBKR, I pay a reduced income tax rate on the sell price (even if I already paid wealth and income taxes in the first place).
- If I retire all the money after 60, I do not have to pay those reduced taxes.
- If I retire part of the money before 60, I also do not have to pay those reduced taxes.
- Dividends are not taxes on pillar 3b
- He also ensures that I would end up paying less costs than IBKR
I would like to know your opinions here. If the investment portfolio is rather similar, aren't the tax benefits, specially the dividens one, attractive?
What are the downsides of pillar 3b?
Thank you!