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I’m setting up a GIA account and want to sanity‑check what Copilot is telling me re Capital Gains and Income.
I currently hold SAEM (iShares MSCI EM IMI Screened, (Acc) in my ISA.
For my GIA, I want an Emerging Markets ETF that doesn’t generate taxable income — i.e., no dividends and ideally no excess reportable income — so that I only deal with CGT* on disposal.
From what I can tell:
SAEM (Acc) as accumulating fund already fits this bill ie it has zero excess reportable income., so no income tax event, just CGT when units are sold. Is that right?
Happy to hear if there are better EM accumulating options or any tax nuances I’ve missed.
- And apologies for using Copilot
*edit. And make use of my annual CGT allowance but not create confusing additional income reporting