Henry

07 Apr 2020

∙

Hi, I had purchased the SIA shares using the CPF OA fund. What other forms of payment can I use to pay for these funds?

For its Rights Issues, must I use CPF fund to purchase? Can I use cash instead? Also for SRS fund? Please advise.

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Elijah Lee

07 Apr 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Henry,

You'll have to use the same fund source to apply for rights. So if your shares were bought with SRS, you can only subscribe to a rights issue via your SRS funds.

This can be an issue if you don't have enough funds to apply. In such a case, consider selling off a part of your holdings and then using the proceeds to apply for the rights, although that is a last resort.

Not applying for the rights will generally dilute your holdings further, so it is in your interest to do so.

Reply

Save

View 2 replies

Write your thoughts

Related Posts

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Am at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ?

If I feel that I can make 3-4% return on my investments through index funds (i.e STI ETF), should I pay my home loan using my cpf oa or using cash instead? ?

Am currently partially using CPF to pay for my home loan and want to switch to fully using cash. Is it easy to reapply to use CPF again in the future? Should i pay minimal CPF or cease CPF payment?

Should I a) use my CPF OA funds to invest in Endowus or b) transfer my OA balance into SA to earn 4% interest? (Assume house is already bought and no other use for OA funds)?

Related Posts

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Am at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ?

If I feel that I can make 3-4% return on my investments through index funds (i.e STI ETF), should I pay my home loan using my cpf oa or using cash instead? ?

Am currently partially using CPF to pay for my home loan and want to switch to fully using cash. Is it easy to reapply to use CPF again in the future? Should i pay minimal CPF or cease CPF payment?

Should I a) use my CPF OA funds to invest in Endowus or b) transfer my OA balance into SA to earn 4% interest? (Assume house is already bought and no other use for OA funds)?