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StashAway MY, New instrument for Malaysian?
honsiong
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Mar 6 2019, 12:14 PM
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QUOTE(alexkos @ Mar 6 2019, 12:02 PM) https://www.stashaway.my/faq/115001834213-d...dends-get-taxedBased on my comprehension, SA can't claim 30% if u direct hoot SPY or US domiciled SP500 WTF are you talking about? Many pages ago I did post about stashaway's broker saxo actually claiming all 30% back on treasuries, except CWB, albeit with a delay. BTW I have the Bogleheads book and I read it, we've been agreeing that StashAway offers better diversity at lower min buy in, and quick auto div reinvestment for most of us ikan bilis in Malaysia. What's with the constant attacks in this thread trying to get us put a substantial amount in something we do not have easy access to, or when shit hits the fan, we don't have home ground advantage to get legal help? What vested interest do you have in us hooting ur SPY directly, why not buy VTSAX/VTWAX?
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l4nc3k
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Mar 6 2019, 12:20 PM
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QUOTE(honsiong @ Mar 6 2019, 12:14 PM) WTF are you talking about? Many pages ago I did post about stashaway's broker saxo actually claiming all 30% back on treasuries, except CWB, albeit with a delay. Thats good to hear thanks honsiong
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honsiong
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Mar 6 2019, 12:32 PM
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QUOTE(l4nc3k @ Mar 6 2019, 12:20 PM) Thats good to hear thanks honsiong Anyway just beware of ppl asserting falsehoods in this thread for their own gains. If you searched the topic with 'withholding' and 'claim', you can see I have posted several screenshots of their e-mail and google sheet tallying with their tax refund before concluding we actually got back all 30% on treasuries and partial refund on CWB.
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TS[Ancient]-XinG-
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Mar 6 2019, 12:47 PM
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QUOTE(honsiong @ Mar 6 2019, 12:14 PM) WTF are you talking about? Many pages ago I did post about stashaway's broker saxo actually claiming all 30% back on treasuries, except CWB, albeit with a delay. BTW I have the Bogleheads book and I read it, we've been agreeing that StashAway offers better diversity at lower min buy in, and quick auto div reinvestment for most of us ikan bilis in Malaysia. What's with the constant attacks in this thread trying to get us put a substantial amount in something we do not have easy access to, or when shit hits the fan, we don't have home ground advantage to get legal help? What vested interest do you have in us hooting ur SPY directly, why not buy VTSAX/VTWAX? QUOTE(honsiong @ Mar 6 2019, 12:32 PM) Anyway just beware of ppl asserting falsehoods in this thread for their own gains. If you searched the topic with 'withholding' and 'claim', you can see I have posted several screenshots of their e-mail and google sheet tallying with their tax refund before concluding we actually got back all 30% on treasuries and partial refund on CWB. Chill la haha... Maybe he is still new in this As long as we know our own stuff we are good to go. This post has been edited by [Ancient]-XinG-: Mar 6 2019, 12:49 PM
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alexkos
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Mar 6 2019, 12:48 PM
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QUOTE(honsiong @ Mar 6 2019, 12:14 PM) WTF are you talking about? Many pages ago I did post about stashaway's broker saxo actually claiming all 30% back on treasuries, except CWB, albeit with a delay. BTW I have the Bogleheads book and I read it, we've been agreeing that StashAway offers better diversity at lower min buy in, and quick auto div reinvestment for most of us ikan bilis in Malaysia. What's with the constant attacks in this thread trying to get us put a substantial amount in something we do not have easy access to, or when shit hits the fan, we don't have home ground advantage to get legal help? What vested interest do you have in us hooting ur SPY directly, why not buy VTSAX/VTWAX? ok sry boss i kena marah. So SA can claim back 30%. Case close. Bye.
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tadashi987
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Mar 6 2019, 01:13 PM
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QUOTE(alexkos @ Mar 6 2019, 12:02 PM) https://www.stashaway.my/faq/115001834213-d...dends-get-taxedBased on my comprehension, SA can't claim 30% if u direct hoot SPY or US domiciled SP500 QUOTE(l4nc3k @ Mar 6 2019, 12:07 PM) Was just about to ask that. All dividends of US-listed securities are subject to 30% dividend withholding tax and the QII (Qualified Interest Income) rule. The latter rule applies to US domiciled funds, especially US government bonds, of which some of the dividend withholding taxes can be claimed back. Our broker will do this on your behalf. Didn’t mention which one can ‘claim back’ which one can’t might need to grind around discussion around these post no. https://forum.lowyat.net/index.php?showtopi...post&p=91377771https://forum.lowyat.net/index.php?showtopi...entry91377771Post TS might consider to post all these highlight in the first post and claim servicing fee from StashAway haha
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TS[Ancient]-XinG-
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Mar 6 2019, 01:24 PM
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QUOTE(tadashi987 @ Mar 6 2019, 01:13 PM) might need to grind around discussion around these post no. https://forum.lowyat.net/index.php?showtopi...post&p=91377771https://forum.lowyat.net/index.php?showtopi...entry91377771Post TS might consider to post all these highlight in the first post and claim servicing fee from StashAway haha I am on my way to compile all worthy information into new thread. Half way. Lol. 60 pages weiiiiii
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honsiong
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Mar 6 2019, 01:31 PM
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QUOTE(tadashi987 @ Mar 6 2019, 01:13 PM) might need to grind around discussion around these post no. https://forum.lowyat.net/index.php?showtopi...post&p=91377771https://forum.lowyat.net/index.php?showtopi...entry91377771Post TS might consider to post all these highlight in the first post and claim servicing fee from StashAway haha Yea discoverability a bit poor here. Just don't really like people asserting something untrue instead of asking first.
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TS[Ancient]-XinG-
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Mar 6 2019, 01:39 PM
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QUOTE(honsiong @ Mar 6 2019, 01:31 PM) Yea discoverability a bit poor here. Just don't really like people asserting something untrue instead of asking first. He still new la I suppose... ** Btw, all profile drop a bit no matter what risk profile.
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preducer
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Mar 6 2019, 02:18 PM
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tadashi987
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Mar 6 2019, 02:24 PM
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QUOTE(preducer @ Mar 6 2019, 02:18 PM) surprisingly i thought second robo license would be granted to AutoWealth or Smartly from SG
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pinan
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Mar 6 2019, 03:09 PM
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Getting Started
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QUOTE(honsiong @ Mar 6 2019, 12:14 PM) WTF are you talking about? Many pages ago I did post about stashaway's broker saxo actually claiming all 30% back on treasuries, except CWB, albeit with a delay. BTW I have the Bogleheads book and I read it, we've been agreeing that StashAway offers better diversity at lower min buy in, and quick auto div reinvestment for most of us ikan bilis in Malaysia. What's with the constant attacks in this thread trying to get us put a substantial amount in something we do not have easy access to, or when shit hits the fan, we don't have home ground advantage to get legal help? What vested interest do you have in us hooting ur SPY directly, why not buy VTSAX/VTWAX? Just chipping in my 3 sen. I don't disagree with you and in fact agree with you about Stashaway being a relatively good option for ikan bilis investors such as myself. However, as you have pointed out, the 30% withholding taxes claimed back by Stashway/Saxo is only for ETFs that track securities/treasuries/bonds issued by the U.S. Treasury/Government, because such dividend payments are sourced from interest income which are eligible for exemption due to the US tax law on qualified interest income. Such exemption is not applicable for ETFs that track equities like SPY/US domiciled SP500 as mentioned by alexkos or VTSAX/VTWAX, since their dividend payments are sourced from profits of the underlying corporations held. So for ETFs that track equities, notwithstanding other advantages, Stashaway does not appear to have much relative advantage over hooting the ETFs directly in terms of the 30% withholding tax situation. This post has been edited by pinan: Mar 7 2019, 08:20 PM
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alexkos
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Mar 6 2019, 07:34 PM
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I got at least two ppl pm me to double confirm SA 30% can fully claim or not. Pls update them by posting here. Tq.
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Sumofwhich
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Mar 6 2019, 11:24 PM
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Waiting for updated info on post #1 to understand more, tq
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ViktorJ
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Mar 6 2019, 11:26 PM
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QUOTE(Sumofwhich @ Mar 6 2019, 11:24 PM) Waiting for updated info on post #1 to understand more, tq While waiting, might as well go through the 60+ pages
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Krv23490
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Mar 7 2019, 10:56 AM
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Hmm, transferred money at 2pm yesterday, no notification that SA received my deposit
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ChessRook
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Mar 7 2019, 11:10 AM
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QUOTE(Krv23490 @ Mar 7 2019, 10:56 AM) Hmm, transferred money at 2pm yesterday, no notification that SA received my deposit I transferred yesterday before 10 am, I just received notification just now. You might try again tomorrow. If it doesn't appear, you want to email their support staff.
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ViktorJ
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Mar 7 2019, 11:20 AM
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Maybe the cutoff time is 12pm or something.
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preducer
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Mar 7 2019, 11:29 AM
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QUOTE(Krv23490 @ Mar 7 2019, 10:56 AM) Hmm, transferred money at 2pm yesterday, no notification that SA received my deposit which bank ? maybank ?
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Krv23490
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Mar 7 2019, 11:47 AM
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Thanks for your replies guys, I guess I was impatient as I saw the price update and haven't got the deposit notification . Received it shortly after
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