Anonymous

18 Dec 2020

∙

General Investing

OCBC BCIP allows us to use SRS fund to invest with additional charges. Can we transfer the shares purchased to our own CDP that is bought with SRS funds? If yes, means we can avoid tax in future?

Can we avoid tax via transferring the shares to our own CDP account?

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Wrong Sean

18 Dec 2020

No, all SRS investment proceeds have to be returned to the SRS account. Likewise all investments are reflected in the SRS account.

If you want to reduce your tax, do it the proper way through the available reliefs.

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Looking at investing SRS using OCBC BCIP scheme, any reason why shares would only be bought on 22th business day of the month?

Investing using SRS Account via POEMS 1.) Please can anyone share if there's any bank charges involved? Mine's OCBC. 2.) Will dividends payout be credited to SRS account directly or to POEMS account?

What's the best use for SRS funds? Initially planning to put funds into SRS (for tax benefit) and RSP UT using FSMONE (for higher returns). Can anyone share any strategies? Also thoughts on VOO RSP?

For VIVIFI, If i share it with 3 people, does that mean each of us will have to pay an additional $5 for a sim card? Does that mean all of us will be using same phone number?

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)?