New investor here,
Recently decided I’m going to start putting small amounts into this index fund, issue is I’ve got a dual citizenship (UK and USA). And from what I understand the USA will heavily tax me on my dividends (even though my fund is Acc) despite me having never worked a day there (UK student). However this is only if the fund I’m investing in is recognised as a PFIC. I’ve had a look round and haven’t found anything that confirms whether it is or whether it’s exempt, but I’ve seen an ETF that tracks this fund is exempt from these taxes.
So I thought I’d ask some of you guys who are a bit more experienced in this, should I look for a different fund or is this fund going to be fine to have in my HL S&S ISA under the tax wrapper?
submitted by /u/JustARandomBoyy