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-   -   Cheapest RSP for SRS (https://forums.hardwarezone.com.sg/stocks-shares-indices-92/cheapest-rsp-srs-6340873.html)

arcaninx 21-07-2020 09:15 AM

Cheapest RSP for SRS
 
HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

Andrew833 21-07-2020 09:34 AM

Quote:

Originally Posted by arcaninx (Post 128604424)
HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

RSP I think FSM is the lowest, $1

makav31i 21-07-2020 09:52 AM

Quote:

Originally Posted by arcaninx (Post 128604424)
HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

OCBC BCIP is the only one that allow their RSP to be purchased using Cash or SRS...POSB Invest Saver and FSM RSP only allow cash to be used...

Edit: Just checked POEMS SBP doesn't allow using SRS, cash only...So your only option is OCBC BCIP if you want to use SRS...

Freezy 21-07-2020 09:56 AM

Quote:

Originally Posted by makav31i (Post 128604979)
OCBC BCIP is the only one that allow their RSP to be purchased using Cash or SRS...POSB Invest Saver and FSM RSP only allow cash to be used...

I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

reddevil0728 21-07-2020 10:13 AM

Quote:

Originally Posted by Freezy (Post 128605053)
I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

But they never say anything about RSP

htngwilliam 21-07-2020 10:18 AM

Quote:

Originally Posted by Freezy (Post 128605053)
I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

Can FSM invest with SRS via RSP?

Freezy 21-07-2020 10:35 AM

Quote:

Originally Posted by htngwilliam (Post 128605453)
Can FSM invest with SRS via RSP?

They did not mention anything on RSP yet. :o

https://secure.fundsupermart.com/fsm...-oa-srs-monies

makav31i 21-07-2020 10:39 AM

Quote:

Originally Posted by htngwilliam (Post 128605453)
Can FSM invest with SRS via RSP?

Cannot...So to answer the TS question, only OCBC BCIP is the only one that allow using SRS...

Edit: I just checked my FSM account by trying to add a new RSP, it only allow Cash option to pay for the RSP...

Andrew833 21-07-2020 11:52 AM

Sound like SRS is a bad plan
Cash is king :D

reddevil0728 21-07-2020 11:57 AM

Quote:

Originally Posted by Andrew833 (Post 128607235)
Sound like SRS is a bad plan
Cash is king :D

Why is it a bad plan?

makav31i 21-07-2020 12:41 PM

Quote:

Originally Posted by Andrew833 (Post 128607235)
Sound like SRS is a bad plan
Cash is king :D

SRS got tax savings, if you are going to invest the money anyway, might as well put into SRS and invest the money for the tax savings...Only if you are low income earners or don't pay as much income tax will not benefit from it...

Andrew833 21-07-2020 01:06 PM

Quote:

Originally Posted by reddevil0728 (Post 128607344)
Why is it a bad plan?

Restricted lol

reddevil0728 21-07-2020 01:13 PM

Quote:

Originally Posted by Andrew833 (Post 128608694)
Restricted lol

Definitely less restrictive than CPF. And there are people with too much cash lying around and paying too high tax which they want to reduce. So why not right?

arcueid 13-09-2020 12:43 AM

So it is not possible for SRS to be used in Invest Saver?

reddevil0728 13-09-2020 06:37 AM

Quote:

Originally Posted by arcueid (Post 129675178)
So it is not possible for SRS to be used in Invest Saver?

Can but depends on buy which fund.


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