Withholding Tax at 15% on US stocks

In an ISA, the 15% american withholding tax is deducted from your dividend payout before it’s paid and there’s no avoiding it. That’s as low as you can get in an ISA.

However, in a SIPP it can be 0% percent if your broker is a Qualified Intermediary with the IRS. Old school brokers like Hargreaves Lansdown and AJ Bell are 0% but Freetrade (or should it be Gaudi) is 15%.

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