[SIC] 2016 SRS promo

[chiokcc]

every 15k i topup, i save $3K in taxes, so $50 or no, i will topup all the same.

The $50 is an added bonus which i will gladly take. Topup the moment i saw this thread.

For added info, for those who want to safeguard your deposit in SRS, just use it buy OCC5.1% preference shares or some investment grade bonds like capmall 3.08%, you get 3%-4% risk free, unless issuer collapse of course

Wow, save $3k in taxes!

OCC5.1% == GG0?

 

[arctician]

may i know what is OCC5.1?

Wow, save $3k in taxes!

OCC5.1% == GG0?

yea correct. Its a preference share with OCBC as issuer. Maturity in 2018 so YTM is low 3%+ PA

 

[Zopizz]

What's tier2 preference shares? There's another ocbc similar fixed income with higher 5.6% coupon.

 

[Panerex]

made a max transfer to DBS SRS earlier..hope still can make it for the promo credit.

 

[bettersaint]

Don't you guys notice that DBS has schedule of charges levied for their custodian services?

Read that OCBC has no charges, isn;t it better?

 

[lzydata]

All three - DBS, OCBC, UOB - have a schedule for charges for their SRS accounts and transactions, but I believe they have all been waiving them for years now.

 

[drsubaru]

Today Sunday Times got article on SRS
Check it out

Wonder if there is a soft copy around

 

[drsubaru]

Ok found it

http://www.straitstimes.com/business/invest/for-those-taxing-times-think-srs

 

[sainty91]

All three - DBS, OCBC, UOB - have a schedule for charges for their SRS accounts and transactions, but I believe they have all been waiving them for years now.

Guys, your experience here is DBS despite showing the schedule of charges, they don't levy those fees? I have opened with DBS thinking of going towards OCBC

 

[chiokcc]

I have never been charged anything with DBS, except for the 50 cents per shares buy/sell transaction.

 

[arctician]

i dont think i have been charged any custodian fees either. Unless they charge without me knowing...

 

[linusz]

yea correct. Its a preference share with OCBC as issuer. Maturity in 2018 so YTM is low 3%+ PA

Which bank u use for srs
How to get the pref share? Open market via cdp?

 

[arctician]

Which bank u use for srs
How to get the pref share? Open market via cdp?

dbs, linked your SRS to POEMs and buy from open market

DBS will be the custodian not cdp

 

[linusz]

Haven't create srs. Dbs promotion is over right. Left ocbc which has quota. Does uob have quota for top up? If not it should be the confirmed promo deal?

Sent from Samsung SM-N9005 using GAGT

 

[limpoop]

http://www.posb.com.sg/personal/promotion/srs-promo

right under the advertisement picture

Be amongst the first 2,000 customers to contribute S$15,300 to the DBS SRS account before 15 December 2016 and receive a cash gift* of S$50!

Anyone got this $50?

 

[henrylbh]

What's the use of SRS for some? According to stat, 30% of money is left idle in SRS in the last few years

 

[elnewbie]

For tax reasons. I use my SRS to buy stocks.

What's the use of SRS for some? According to stat, 30% of money is left idle in SRS in the last few years

 

[babyrobo]

Anyone got this $50?

they say end of jan then will credit into account

 

[linusz]

Anyone got uob srs gift yet. If transfer srs will have penalty?

Sent from Samsung SM-N9005 using GAGT

 

[limpoop]

they say end of jan then will credit into account

Got it!

25 Jan 2017 ADV SRS Cash Rebate S$50.00