# Owning US stock in UK ISA dividend payments **URL:** \ **Category:** šŸ¤ Help\ **Created:** [July 27, 2022, 1:34pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350 "2022-07-27T13:34:11Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![jackmulgrew](https://avatars.discourse-cdn.com/v4/letter/j/8baadc/32.png) [@jackmulgrew](https://community.trading212.com/u/jackmulgrew)\ **Post date:** [July 27, 2022, 1:34pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/1 "2022-07-27T13:34:11Z")
If I have a UK ISA with Trading 212 and I own US stocks that pay dividends, what can I expect in fees for each dividend payment? I know itā€™s an ISA so technically there shouldnā€™t be any tax from the UK side. ---
**Author:** ![Zrtz](https://avatars.discourse-cdn.com/v4/letter/z/eb9ed0/32.png) [@Zrtz](https://community.trading212.com/u/Zrtz)\ **Post date:** [July 27, 2022, 2:02pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/2 "2022-07-27T14:02:43Z")
Exchange rate and Withholding Tax ---
**Author:** ![adindas](https://avatars.discourse-cdn.com/v4/letter/a/9f8e36/32.png) [@adindas](https://community.trading212.com/u/adindas)\ **Post date:** [July 28, 2022, 10:11am UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/3 "2022-07-28T10:11:33Z")
@jackmulgrew Withholding Tax on Dividend 15% > **[W-8BEN](https://helpcentre.trading212.com/hc/en-us/articles/360007080877-W-8BEN)** > > Filling in a W-8BEN form is required in order to buy US stocks through our app.Ā  > As a non-US investor, you will be required to fill in a W-8BEN form through the app, to declare you are not a US tax... AFAIK, there is no way around it. But keep in mind the trade off here is that, when you buy US stock you do not pay stamp duty like when you buy the UK stocks ---
**Author:** ![TInvest](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/tinvest/32/19312_2.png) [@TInvest](https://community.trading212.com/u/TInvest)\ **Post date:** [July 28, 2022, 10:21am UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/4 "2022-07-28T10:21:32Z")
The way around US withholding tax is to put your US dividend stocks in a SIPP (specifically a SIPP provider which claims the full 30% exemption) ---
**Author:** ![adindas](https://avatars.discourse-cdn.com/v4/letter/a/9f8e36/32.png) [@adindas](https://community.trading212.com/u/adindas)\ **Post date:** [July 28, 2022, 12:18pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/5 "2022-07-28T12:18:28Z")
@ TInvest Would you be more specific about this please. Trading 212 is in the way of offering SIIP. I know Freetrade has already offered a low cost SIIP account especially for people intending to trade individual stocks, ETF within SIIP account. I have US Stocks VALE, ZIM which while fundamentally sound (at least what I believe) they are also paying a very good dividend. Could I avoid that using Freetrade. If not which SIIP provider do you recommend ?? ---
**Author:** ![TInvest](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/tinvest/32/19312_2.png) [@TInvest](https://community.trading212.com/u/TInvest)\ **Post date:** [July 28, 2022, 12:40pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/6 "2022-07-28T12:40:21Z")
> **[Reclaim withholding tax on foreign dividends in an ISA or SIPP](https://the-international-investor.com/investment-faq/reclaim-withholding-tax-foreign-dividends-isa-sipp)** > > If you hold your foreign stocks in an Individual Savings Acount (ISA) or Self-Invested Personal Pension (SIPP), youā€™re sheltering them from UK tax as much as possible. But you may still be paā€¦ Article above has more detail. Canā€™t really comment on which providers do or donā€™t claim it as I havenā€™t fully researched but from what I gather most of the bigger firms do. I suspect the newer ones who donā€™t now maybe will over time. Personally, given the very long term nature of it, Iā€™d be inclined to go with a more established company for a SIPP anyway. T212 is great and is my main account (GIA/ISA) at the moment (secondary accounts with FT, HL) but long term Iā€™d like to diversify my brokers as well as my investments. Spreads the risk in the event of anything major going wrong with one of them. Probably IB/T212 for ISAs, HL for LISAs, IB/II for SIPP, T212/FT for GIA - what suits you best will depend on asset mix/value and transaction frequency. ---
**Author:** ![matteventu](https://avatars.discourse-cdn.com/v4/letter/m/7feea3/32.png) [@matteventu](https://community.trading212.com/u/matteventu)\ **Post date:** [August 1, 2022, 10:18pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/7 "2022-08-01T22:18:45Z")
So dividends DO incur the FX fee? I donā€™t understand, here it says: > \*FX Fee will not apply for payments arising from corporate events such as dividends > **[What is the FX Fee (Invest/ISA)?](https://helpcentre.trading212.com/hc/en-us/articles/360018909758-What-is-the-FX-Conversion-Fee-)** > > When executing an order with an instrument in a different currency, the value of the trade will be converted to the stockā€™s currency, using the spot exchange rate + 0.15% FX fee. The precise amount... ---
**Author:** ![Zergui](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/zergui/32/14620_2.png) [@Zergui](https://community.trading212.com/u/Zergui)\ **Post date:** [August 1, 2022, 11:08pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/8 "2022-08-01T23:08:40Z")
No, dividends do not incur FX fees. Initially when the fee was first introduced it did for a little while, but this was quickly removed. ---
**Author:** ![adindas](https://avatars.discourse-cdn.com/v4/letter/a/9f8e36/32.png) [@adindas](https://community.trading212.com/u/adindas)\ **Post date:** [August 9, 2022, 11:47am UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/9 "2022-08-09T11:47:59Z")
For individual share is it possible to automatically reinvest this dividend to avoid paying withholding Tax on Dividend ? ---
**Author:** ![Zergui](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/zergui/32/14620_2.png) [@Zergui](https://community.trading212.com/u/Zergui)\ **Post date:** [August 9, 2022, 12:03pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/10 "2022-08-09T12:03:12Z")
No. Withholding tax is always taken out, even when using a SCRIP program from the company (being issued a share dividend instead of cash). Certain countries have no withholding taxes (such as the UK), or certain corporate structures (such as MLPs in the US). ---
**Author:** ![minasm](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/minasm/32/17051_2.png) [@minasm](https://community.trading212.com/u/minasm)\ **Post date:** [August 22, 2022, 3:35pm UTC](https://community.trading212.com/t/owning-us-stock-in-uk-isa-dividend-payments/57350/11 "2022-08-22T15:35:00Z")
Not sure you can do it that way. See, you have to pay that withholding tax as you are outside of the US. Btw, for some UK stocks, ISA or non-ISA there is a stamp duty tax as well šŸ™ƒ