As an investor, you are fully responsible for paying any taxes that may arise from the repayments you receive as a result of your investment in accordance with the tax legislation of your respective country.
Monefit SmartSaver does not offer tax advisory services. We strongly recommend that you seek guidance from a qualified tax professional who can give tailored advice based on your circumstances. This will help you navigate any tax implications related to your investment.
It's important to know your tax obligations and ensure compliance with local laws.
All repayments from SmartSaver will be transferred directly to your bank account or card without any deductions or withholding for, or on account of, any tax. This means you will receive the total amount of your earnings without any tax taken out at the source.
What if I activated the monthly payout option?
If you have enabled Monthly Payouts on your Vault, the opposite applies: each monthly return will be transferred directly to your Main Account and therefore will appear in your Account Statement and Closing Balance in real time as the payouts occur.