4 Replies to “Rabo Direct is withdrawing its investment account from April”

  1. Hi! I’m one of those affected by this. I understand that you’re planning to sell all your funds in Rabo now. For my part, I’m actually planning to sell in April 2018 since Cantor Fitzgerald will be charging the same fees as Rabo for the next 12 months plus the fact that tax would go down to 37% by then. I don’t know if I’m right about this.

    1. I did consider keeping the investments with Cantor Fitzgerald but I decided to take advantage of the no exit fee promotion before the transfer. However, I didn’t hear about the lower 37% rate.

      1. Isn’t the current 41% represents the DIRT? The DIRT rate will reduce by 2% every year, so by 2018 it would be 37%. This is simply an assumption.

        Thank you for the reply.

        1. It is my understanding that the income from investments is not liable to DIRT. Instead it is liable to income tax or exit tax depending on the structure of the investment. I may be completely wrong but that is my understanding.

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