I wouldn’t trade anyway if you already have IB, just transfer e.g. half of your holdings to diversify. The dividends can either be transferred back to IB (afaik costs 2 CHF) or reinvested using the trading credits.
AFAIK postfinance still allows trading US ETFs, and as other said even if that was an issue, you can anyway hold a US ETF position without any trouble. And still even if that was an issue (it isn’t so far), if you do worry about diversification you might not be far from the qualified investor threshold as well (2M wealth iirc).
It is true though that the (recoverable) withholding will be 30% instead of 15% but that’s likely a tiny opportunity cost in the end (esp. if you have enough assets that you worry about diversification).
I read in another thread that Postfinance is not a Qualified Intermediary and that 15% can be claimed back with DA-1 and the remaining only by filling a direct form to the IRS. That’s why I assumed it does not make sense to hold US domiciled ETFs at PF.
I’d be very interested hearing more about your experience:
Who billed the 90 francs? Was it for the transfer of securities or for the transfer of chocolate?
Was it to Swissquote or PF?
How much time did it take for the securities transfer?
What was the process? Was it easy?
Well, Postfinance e-trading is Swissquote inside anyway. Which is QI. I suspect because of its position Postfinance itself is not allowed to do any kind of trading, even for customers.
Physical securities I suppose are in paper form. I was surprised in another thread that it meant something else, but in another context (options).
Am I Right?
@ma0 can you please clarify:
If I want to transfer 10 units of VUSA from PF to IBKR, is that 1 security or 10 ?
aka 1 * 107.7 chf or 10 * 107 ?
Thanks !
I called PF yesterday. They acknowlwdged PF= SwissQuote, but they said they are not a QI, and they cannot do W8BEN.
Does anyone have PF? Were you able to get the whole 30% witholding tax back? Were you abld to fill the w8-ben?
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