This will depend on your tax residency and the type of Trading 212 account you have. We've gathered some useful information on the specifics that vary based on the entity you're registered under.
This is not personal tax advice. In case of doubt, you should contact a tax advisor or the relevant tax authorities.
Trading 212 UK Ltd.
- If you have an ISA, you don't owe any tax on the interest (incl. withholding tax)
- If you are a UK tax resident, you may need to pay more tax or may be eligible for a tax refund. Your personal circumstances will determine this, and you should contact HMRC for more details.
- If you are a non-UK tax resident, you may need to pay more tax, or you may be eligible for a tax refund if there's a double taxation treaty between the UK and your country of residency. This again depends on your circumstances, and you should contact your tax authorities.
Trading 212 Markets Ltd.
- If you're a tax resident of Cyprus, you must pay a 17% withholding tax and 2.65% GHS tax on your interest.
- If you are a tax resident anywhere else, your interest will be paid to you gross, and you will be exempt from any withholding tax in Cyprus. However, your country of residency may levy a tax on the earned interest.
- Depending on your personal circumstances (i.e. tax residency), you may need to pay additional tax or receive a refund. You should contact your tax authorities for more information.
Trading 212 AU PTY Ltd.
- The interest you earn may be subject to tax at your marginal tax rate. You may need to report this income in your tax return.
- Non-AU residents may be subject to a final 10% withholding tax on interest income. The rate may vary if there's a double taxation agreement between Australia and your country of residency
- If you need more information, consult with a professional or the Australian Taxation Office (ATO)