Stamp duty
The stamp duty is a tax required by law that applies to financial products, including the invested Money Box. It is currently set at 0.20% per year and is calculated based on the value of your investment on 31 December of each year. The good news is you don’t need to worry about any calculations or payments, we handle everything for you!
The amount due is automatically withdrawn from your Satispay Balance once a year, usually in January with reference to the previous year. Just make sure you have sufficient funds in your Balance at that time.
Adjustment transaction
This transaction refers to the final adjustment operation that occurs immediately after a withdrawal from Satispay funds is confirmed.
After the withdrawal confirmation, you will see the adjustment transaction in your transaction list. This serves to:
• withdraw from your Balance the amount of any taxes owed on the sale of fund units;
• update your final Balance with reference to any changes in the fund's NAV.