Unanswered investor questions from the Ricardo Portfolio Webinar: Tax, funding, and account issues explained

Investors at the Ricardo Portfolio webinar queried tax rules, USD funding, and TFSA transfers, prompting EasyEquities to clarify procedures and recommend expert advice.Get access to live BizNews webinars and share portfolio updates by joining BizNews Premium. Register here.Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.If you prefer WhatsApp for updates, sign up to the BizNews channel here..Q&A Ricardo portfolio webinar - 30 September 2025.Johan: How does the tax work for the USD portfolio?A: https://support.easyequities.co.za/support/solutions/articles/13000040580-how-does-tax-work-on-my-easyequities-usd-account-%23:~:text=This%20is%20handled%20by%20EasyEquities,(IRS)%20in%20the%20USA. Rob: Are you able to deposit USD?A: To fund the USD wallet? YesLukas: I'm in the UK. Could I use my Revolut account for US stocks, or should I do everything in EE?A: To fund the USD wallet? Yes.Edmund: Like you, I have many individual US stocks, but I'm well aware of US Situs (probate) in which all direct US investments above US$60,000 are taxed up to 40% (plus the advocate costs!). Non-US domiciled ETFs avoid this altogether. Are you aware of this and have any other suggestions for avoiding it?A: This would need to be referred to a tax practitioner. Because of the treaty with the US, we apply a 15% DWT to the US.David: How are the tax implications on this platform handled regarding personal income tax?A: This would need to be referred to a tax practitionerhttps://blogs.easyequities.co.za/how-tax-works-on-your-easyequities-account https://blogs.easyequities.co.za/what-tax-do-i-pay-when-i-invest Leon: Why were my funds transferred from the EasyEquities account and split between the EasyEquities and tax-free savings accounts? I have no idea.A: This only happens when a client has reached their TFSA contribution limit for the year.The full Ricardo Portfolio webinar can be viewed here.

Unanswered investor questions from the Ricardo Portfolio Webinar: Tax, funding, and account issues explained

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