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Henry

07 Apr 2020

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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.

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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.

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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? ?

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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?

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