Trading 212 UK Limited Customers
This depends on your tax residency and the type of account you hold with us. This is not personal tax advice, and in case of doubt, you should contact a tax advisor or the relevant tax authorities. In summary:
- If you are an ISA account holder, your interest does not suffer any withholding tax, and you do not owe any additional tax.
- If you are a UK tax resident, and depending on your personal circumstances, you may need to pay more tax (via your personal tax return) or may be eligible for a refund of tax. You will need to contact HMRC directly with any specific taxation questions, as we are unable to offer personal tax advice.
- If you are a non-UK tax resident, and depending on your personal circumstances, you may need to pay additional tax, while your ability to receive a refund will depend on whether there is a double taxation treaty between the UK and your country of residency. In both cases, you should contact the relevant tax authorities with any queries.
Trading 212 Markets customers
This depends on your tax residency and the type of account you hold with us. This is not personal tax advice, and in case of doubt, you should contact a tax advisor or the relevant tax authorities.
In summary:
If you are a tax resident in Cyprus, then your interest will be subject to a 17% withholding tax in addition to GHS tax, which is currently 2.65%.
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. In both cases, you should contact the relevant tax authorities with any queries.