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What fees and taxes take

The quiet percentages that never show up on a return chart.

Intermediate8 steps53 min0 of 8
Who it is for
For someone already investing who wants to see the net picture.
What you will understand
You will understand how to read a TER, when Bulgarian income-tax law applies, and what is left after both.

You tick a step yourself when you are ready — nothing is tracked automatically.

  1. Step 1 of 8Term3 min

    TER: a fund's total expense ratio

    Why this step: One percent sounds small until you multiply it by 30 years.

    You will understand: What the TER includes and what it leaves out.

    Open
  2. Step 2 of 8Article7 min

    What a TER is, in more detail

    Why this step: The definition is short; its effect needs an example.

    You will understand: How the same strategy ends up differently at a different fee.

    Open
  3. Step 3 of 8Calculator6 min

    Calculator: fees over 30 years

    Why this step: Here you see your own arithmetic, not somebody else's example.

    You will understand: How much of the final amount goes to fees at 0.1% versus 1.5%.

    Open
  4. Step 4 of 8Simulator5 min

    Simulator: the drag of fees

    Why this step: The slider shows exactly where the two curves part ways.

    You will understand: Why the gap grows non-linearly over time.

    Open
  5. Step 5 of 8Article9 min

    Tax on income from shares (2026)

    Why this step: The Bulgarian rules have important exemptions — including regulated EU markets.

    You will understand: When tax is due and when a disposal is exempt.

    Open
  6. Step 6 of 8Calculator6 min

    Calculator: tax on income from shares

    Why this step: The statutory calculation is easier with fields than in your head.

    You will understand: How the taxable base is formed from the year's disposals.

    Open
  7. Step 7 of 8Article8 min

    Dividend tax

    Why this step: A dividend is taxed differently from a sale of shares.

    You will understand: Who withholds the tax and when you declare it yourself.

    Open
  8. Step 8 of 8Article9 min

    Declaring to the revenue agency

    Why this step: The last step is administrative, but skipping it is costly.

    You will understand: Which schedules of the annual return apply to you and by when.

    Open

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The paths are educational. Nothing in them is investment advice, a recommendation for any specific product, or an invitation to transact.