facebookAre there hidden fees to POSB RSP? It should be 0.82% for ETF, $100/mth = $0.82/mth. But the seedly post (https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/) puts POSB fees at $2.50.? - Seedly

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Anonymous

22 Sep 2020

General Investing

Are there hidden fees to POSB RSP? It should be 0.82% for ETF, $100/mth = $0.82/mth. But the seedly post (https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/) puts POSB fees at $2.50.?

Did I miss out any fees?

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The sales charge for Invest Saver:

  • 0.5% for ABF Singapore Bond Index Fund/Nikko AM SGD Investment Grade Corporate Bond ETF

  • 0.82% for Nikko AM STI ETF, NikkoAM-StraitsTrading Asia ex Japan REIT ETF

If you take a look at the first column (fees per month if you invest...), the amount invested to be charged $2.50 for Invest Saver is up to $500. This is assuming you are investing in bond ETF where the fee is 0.5%.

However, if you chose to invest in STI/REIT ETF, then the monthly fees will be $4.10 (0.82% fee)/

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