When you invest in the US, the IRS requires you to fill out a compulsory W-8BEN form every 3 years to ensure you are paying the correct tax. This is also known as a ‘Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding’, which sounds scary but is actually very straightforward for Hatch customers.
Our US broking partner uses the information you enter when you sign up to Hatch to automatically complete and process your W-BEN for you. The only thing you’ll notice is a one-off $1.50 USD fee deducted from your first deposit.
Note: Your tax obligations will depend on your situation, so we recommend that you seek professional tax advice. These obligations may change over time, it’s your responsibility to keep up to date with changes.