Yes, various details depend on the tax juristiction. Thank you for pointing out UK specifics. In the UK, there are also ISAs, which can be used to reduce tax on

Yes, various details depend on the tax juristiction. Thank you for pointing out UK specifics. In the UK, there are also ISAs, which can be used to reduce tax on investments. For example, accumulating ETFs make sense in many EU countries, because often there is no dividend allowance and so dividends just gets taxed as income. Several countries also have a system by which the capital gains tax decreases with the length of the investment, which means that accumulating ETFs make even more sense in that case.