In case you missed out on our March videos, we talked about paying tax from your Bondora earnings, why Bondora is better than other asset classes, the new updates on Go & Grow and the alternative ways to make deposits to your Bondora account. Dive in below for a quick catch up.
How do I pay taxes from Bondora earnings?
It’s that time of the year again when taxes are paid. To make this easier for our investors, we have prepared a PDF tax report with all the necessary information and you can generate this from the Report section of your Bondora account.
The profits earned through Bondora are usually taxed based on the gross incomes received, but it may vary depending on the residency of the investor. Therefore, we recommend that you consult your financial or tax adviser if you need to learn if, how, and when you need to report your various income sources.
Advantages of Bondora over other asset classes
Are you new to Bondora and you’re wondering what the advantages over other asset classes are? Well, there are two main advantages which are “Simplicity“ and “Time“.
Bondora makes investing simple and hassle-free experience. You don’t need a degree in Economics or experience working in a bank to start investing. You also save time as opposed to stocks where you need time to manage your portfolio. With this, we’ve made the investor lifestyle accessible to everyone be it a student, stay-at-home mom or retiree. There are absolutely no barriers for anyone to begin and the simplest way is the Go & Grow.
Recent Go & Grow updates
We are glad to hear that so many people like the new version of the popular Go & Grow. Over the past few months, we’ve been collecting and shortlisting all the ideas which have resulted in the version 2 release.
Soon, we’ll release another update to improve the user experience for all who are using multiple products – and you can expect some more bonus surprises as well, so stay tuned! Feel free to drop us feedback and suggestion through the “Feature request“ tool on our website and we’ll be happy to receive them. Until next time, thanks for watching, keep investing and see you soon!
Alternative ways of making deposits to Bondora
Apart from making SEPA transfers which enables you to verify your bank account, you can also use your VISA/Mastercard to make your transfers, where payments are almost instant.
Another convenient and fast way is to use Trustly. With Trustly, you can safely make direct deposits to your Bondora account. It supports over 3,300 banks and you don’t have to sign up with them directly to use it. All you need to do is select “Trustly“ through the “Add money“ page on your Bondora account, select your bank and country, login to your online bank, fill in the details and it’s done!