SRS Portfolio

[elvintay07]

Ifast can buy dimensional funds with SRS. This fund probably is the best we can get with SRS money

 

[BBCWatcher]

am I right that the withholding tax is for dividend only?

Yes, but I think it's worth being a little more precise here.

The S&P 500 fund domiciled in Ireland pays a 15% dividend tax rate on U.S. stock dividends. That's the tax treaty rate between Ireland and the U.S. The fund manager pays this tax, but it's still a tax that affects you whether you see it withheld or not.

S27 is a feeder into SPY, the U.S. domiciled S&P 500 fund. S27/SPY are subject to 30% U.S. dividend tax. (Plus they're U.S. estate taxable.)

Now, I don't think you (presumably an investor based in Singapore, not a U.S. person, planning to retire in Singapore) should be investing in any S&P 500 stock index fund. I think you're better off picking a global stock index fund such as ISAC or VWRA for that part of your long-term investing journey. A global stock index fund has gobs of exposure to U.S. listed/traded stocks. You're not going to be missing anything exciting in the U.S. stock market with a global stock index fund.

 

[demoforce1]

Yes, but I think it's worth being a little more precise here.

The S&P 500 fund domiciled in Ireland pays a 15% dividend tax rate on U.S. stock dividends. That's the tax treaty rate between Ireland and the U.S. The fund manager pays this tax, but it's still a tax that affects you whether you see it withheld or not.

S27 is a feeder into SPY, the U.S. domiciled S&P 500 fund. S27/SPY are subject to 30% U.S. dividend tax. (Plus they're U.S. estate taxable.)

Now, I don't think you (presumably an investor based in Singapore, not a U.S. person, planning to retire in Singapore) should be investing in any S&P 500 stock index fund. I think you're better off picking a global stock index fund such as ISAC or VWRA for that part of your long-term investing journey. A global stock index fund has gobs of exposure to U.S. listed/traded stocks. You're not going to be missing anything exciting in the U.S. stock market with a global stock index fund.

can we use SRS to purchase global stock index?

 

[BBCWatcher]

can we use SRS to purchase global stock index?

Yes, there are some choices.

 

[elvintay07]

Yes, there are some choices.

Like Lion global infinity or dimension funds lo.

 

[sohguanh]

The problem with world index ETF is it move too slow for my liking. More concentrated say Japan or India specific ETF rise faster. My own opinion though.

 

[highsulphur]

The problem with world index ETF is it move too slow for my liking. More concentrated say Japan or India specific ETF rise faster. My own opinion though.

I love WI ETF. Gives me a level of comfort that allows me to go all in despite the volatility in the market. Even at the worst during 2022, I was relatively unfazed and confident I would come up top. Had it been anything else, I wouldn't have put in as much and won't sleep as well

 

[demoforce1]

Like Lion global infinity or dimension funds lo.

from endowus? But the fee is quite high when the $$ is more

 

[marcoyeo]

Ifast can buy dimensional funds with SRS. This fund probably is the best we can get with SRS money

How are the fees? Same as Endowus?

 

[demoforce1]

Ifast can buy dimensional funds with SRS. This fund probably is the best we can get with SRS money

hmm website does not looks attractive https://secure.ifastnetwork.com/ifastverve/aboutus/about-ifast.tpl

 

[elvintay07]

hmm website does not looks attractive https://secure.ifastnetwork.com/ifastverve/aboutus/about-ifast.tpl

Huh?

 

[elvintay07]

from endowus? But the fee is quite high when the $$ is more

Not sure about fees. I more focus on the performance.

 

[donnygg]

This might be a naive question. I maxed out my SRS contribution of $15.3k but my SRS tax relief is only $10.7k. My last SRS deposit was on 27 Dec and I'm far from hitting the tax relief cap. Why am I not getting dollar to dollar tax relief? dividend?

edit: Ahhh, I'm an idiot. I was looking at the 2023 NOA

 

[highsulphur]

This might be a naive question. I maxed out my SRS contribution of $15.3k but my SRS tax relief is only $10.7k. My last SRS deposit was on 27 Dec and I'm far from hitting the tax relief cap. Why am I not getting dollar to dollar tax relief? dividend?

Best to check with your srs bank and iras

 

[donnygg]

1. You deposited cash of 15.3k?

2. Your last deposit on 27 dec = 15.3k less 10.7k? If so, check with your bank, did you fail to meet their cutoff time for submission. Only if your answer to 1 is YES!

1. Yes, $15.3K cash into SRS. Reflected in Dec 2023 bank statement
2. Last deposit was $3.1K on 27 Dec. Even in Nov 2023 statement, contribution was already $12.2K. And DBS is making it so difficult to send them message.

 

[s0crates]

This might be a naive question. I maxed out my SRS contribution of $15.3k but my SRS tax relief is only $10.7k. My last SRS deposit was on 27 Dec and I'm far from hitting the tax relief cap. Why am I not getting dollar to dollar tax relief? dividend?

You maxed out personal tax relief limit? You already hit the 80k?

 

[donnygg]

You maxed out personal tax relief limit? You already hit the 80k?

Nope, I wished i were that rich, haha

 

[donnygg]

This might be a naive question. I maxed out my SRS contribution of $15.3k but my SRS tax relief is only $10.7k. My last SRS deposit was on 27 Dec and I'm far from hitting the tax relief cap. Why am I not getting dollar to dollar tax relief? dividend?

Ahhh, I'm an idiot. I was looking at the 2023 NOA

 

[ekardo]

my moneyowl 10k was in red before it was transferred to ifast...didnt take a look at it until today....and it's in green now...(think ifast doing a good job)

3 years and only 3% gain...way too slow.. withdrawing and putting to SSB instead...

 

[s0crates]

my moneyowl 10k was in red before it was transferred to ifast...didnt take a look at it until today....and it's in green now...(think ifast doing a good job)

3 years and only 3% gain...way too slow.. withdrawing and putting to SSB instead...

Lol ifast did nothing but hold on to the same funds.