SRS Portfolio

[Nofear40]

I am using the srs money to buy endowment, ssb and t bills. All are low risk products.

Is there a reason why not into equities since SRS is long term?

 

[doratch]

Is there a reason why not into equities since SRS is long term?

I just need a low risk "investment".

 

[andyhtc]

doesn't really matter whether feel good or not. it is a math qns.

Qns should be... at the end of the day when you withdraw the money will the net number be bigger than not putting in at all.

there are more options to grow the money with cash than with what's inside SRS. so the point is, if you actively seek to maximise the returns from SRS, then is ok.

not forgetting that SRS is a delaying and partial reduction of taxes, not a total removal. and tax rates and brackets can change in future to be higher than current hence negating the current benefit.

Not saying SRS is not good or bad. am just saying to people it is not simple as just putting in to reduce payment of taxes for the sake of it. need to take personal responsibility to plan how to use the system.

also you don't realise you are getting more subsidy and direct help from the government than you thought.

in fact everyone just did with the Assurance Package

I prefer to reduce now since my tax rate is fairly high. I'm not sure if I'm still around to withdraw my SRS.

 

[reddevil0728]

I prefer to reduce now since my tax rate is fairly high. I'm not sure if I'm still around to withdraw my SRS.

ok lor so long as you know ur individual circumstances

 

[Kojo0403]

Is there a reason why not into equities since SRS is long term?

it does makes sense to use srs for equities due to its long term nature

 

[xorionn]

Can use SRS for fixed d?

 

[edwinksl]

Can use SRS for fixed d?

Yes

 

[Nofear40]

Yes

Not all the FD right

 

[edwinksl]

Not all the FD right

Yeah probably not all. Can do it at UOB, see https://www.uob.com.sg/personal/sav...ementary-retirement-scheme-fixed-deposit.page.

 

[Nofear40]

Yeah probably not all. Can do it at UOB, see https://www.uob.com.sg/personal/sav...ementary-retirement-scheme-fixed-deposit.page.

Must go down…
Think T bill or SSB more convenient

 

[edwinksl]

Must go down…
Think T bill or SSB more convenient

Ya troublesome, UOB likes to make people go to their branches to do things lol

 

[xorionn]

And wait very long

 

[rerear]

Able to put SRS into tbills or FD, if cpfia is with DBS?

 

[andyhtc]

Able to put SRS into tbills or FD, if cpfia is with DBS?

T-Bills or SSBs.

 

[BBCWatcher]

Able to put SRS into tbills or FD, if cpfia is with DBS?

T-Bills or SSBs.

All Singapore Government Securities available to the general public are available for purchase using SRS dollars. Any fixed deposit offers are up to your SRS account custodian (DBS/POSB, UOB, OCBC).

CPF Investment Accounts are completely unrelated to SRS accounts.

 

[andyhtc]

All Singapore Government Securities available to the general public are available for purchase using SRS dollars. Any fixed deposit offers are up to your SRS account custodian (DBS/POSB, UOB, OCBC).

CPF Investment Accounts are completely unrelated to SRS accounts.

Rare to see short replies from you

 

[Squaredot]

Any difference in opening my SRS account with DBS,OCBC or UOB
Anything I should take note? Thanks.

 

[Mephist0pheLes]

Any difference in opening my SRS account with DBS,OCBC or UOB
Anything I should take note? Thanks.

I choose by seeing which one gives me the most signup bonus. but i think the sign up promos for some banks already ended

 

[xorionn]

Is UOB the highest fixed deposit % today for SRS? Wondering if can do online instead of going to bank

 

[Squaredot]

I choose by seeing which one gives me the most signup bonus. but i think the sign up promos for some banks already ended

yeah, I think no more sign-up bonus now.
Besides sign-up bonus, any thing else eg charges I have to look at?