Honestly though it is a huge problem. Our capital gains allowance is a joke for a start at ā¬1270. With ETFs, they are also a no-go as youāre taxed 41% on dividends, 41% on gains, and every 8 years even if you donāt sell you are taxed 41% on the previous 8 years profit.
33% capital gains generally speaking on other instruments.
Throw into the mix the fact that our income tax is also sky high, as well as banking fees depositing into apps like T212.
All that combined and you are not having a good time financially.