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Anonymous

21 Mar 2021

∙

Do I have to pay or declare to IRAS for the money gain from investment in robo advisors like StashAway or Syfe?

Tax filling / paying of tax

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JeffreyLeeZQ

21 Mar 2021

Writer at Jeffreyleezq.com

Capital gains are not taxable in Singapore (i.e. no capital gain tax in Singapore).

Cheers.

- Jeffrey (jeffreyleezq.com)

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Chris

21 Mar 2021

Owner and Writer at Tortoisemoney.com

No. Capital gains are non-taxable in Singapore yay!

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Who pays for the spread and expense ratio if you invest in robo advisors like Stashaway? I understand they charge a 0.5% management fee, are there hidden costs like the spread and expense ratio that Stashaway is not making clear to investors?

How does Syfe and Stashaway or the other robo-advisors invest the money we put into them? Also, is there a need to DCA (or put monthly instead of a lumpsum) when there is no share price?

For robo advisor like syfe, understand that the fee will get more expensive as the money compound, then how do you determine when it is time for withdrawal and invest elsewhere?

Should I withdraw my lost in investing in OCBC BCIP RSP and turn to Robo-advisor like syfe and stashaway?

How safe is it to store the money in Robo-Advisors such as Syfe, StashAway as compared to banks and insurance companies. What will happen to your money if these companies go bankrupt?

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