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Cheapest RSP for SRS

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Old 21-07-2020, 09:15 AM   #1
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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
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Old 21-07-2020, 09:34 AM   #2
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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
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Old 21-07-2020, 09:52 AM   #3
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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...

Last edited by makav31i; 21-07-2020 at 10:50 AM..
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Old 21-07-2020, 09:56 AM   #4
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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.
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Old 21-07-2020, 10:13 AM   #5
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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
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Old 21-07-2020, 10:18 AM   #6
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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?
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Old 21-07-2020, 10:35 AM   #7
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Can FSM invest with SRS via RSP?
They did not mention anything on RSP yet.

https://secure.fundsupermart.com/fsm...-oa-srs-monies
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Old 21-07-2020, 10:39 AM   #8
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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...

Last edited by makav31i; 21-07-2020 at 10:42 AM..
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Old 21-07-2020, 11:52 AM   #9
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Sound like SRS is a bad plan
Cash is king
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Old 21-07-2020, 11:57 AM   #10
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Sound like SRS is a bad plan
Cash is king
Why is it a bad plan?
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Old 21-07-2020, 12:41 PM   #11
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Sound like SRS is a bad plan
Cash is king
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...
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Old 21-07-2020, 01:06 PM   #12
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Why is it a bad plan?
Restricted lol
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Old 21-07-2020, 01:13 PM   #13
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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?
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Old 13-09-2020, 12:43 AM   #14
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So it is not possible for SRS to be used in Invest Saver?
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Old 13-09-2020, 06:37 AM   #15
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So it is not possible for SRS to be used in Invest Saver?
Can but depends on buy which fund.
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