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SPDR S&P Dividend ETF Message Board

charlesvermillion 2 posts  |  Last Activity: Jan 12, 2015 10:44 AM Member since: Jun 11, 2009
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    30% withholding on dividend.

    by charlesvermillion Jan 11, 2015 8:16 PM
    charlesvermillion@att.net charlesvermillion Jan 12, 2015 10:44 AM Flag

    I am in an ira. That is what has me so ticked about the 30% withholding. Can not get it back.

  • charlesvermillion@att.net by charlesvermillion Jan 11, 2015 8:16 PM Flag

    Got my dividend from Vanguard. I figured the withholding amount from my dividend and it was 30%.
    I know that the French tax was 15% but I could not figure out the other 15% so I called Vanguard.
    They said that the other 15% was withheld by the bank that handles the French shares and that the 15%
    was to be withheld quarterly. there we have the 30%. I told them that "no where in the written material did I find this bank 15% explained". After the 30% is withheld my after withholding wield is 3.85%. Needless to say I will sell all my shares just as soon as I can. I don't like hidden surprises when it comes to my money and investments.

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