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Gaurav S

19 Sep 2023

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General Investing

SRS Investment Avenues: Looking to invest SRS funds into S Reits. 1. Can we use Regular Saving Plans offered by many brokers. 2. Is there any cost saving on using RSP instead lumpsum.

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Gaurav S

20 Sep 2023

Have Spoken with DBS, FSM and Poems- RSP can't be done with SRS funds. Only cash is to be used for RSP.

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1M45

Edited 19 Sep 2023

You can only use local broker to invest SRS, eg poem, FSMone, endowus...
Oversea broker like ibrk, moomoo, tiger... cannot.

Comparison of RSP plan, there will still be a small fee. I dont think there is any significant saving. (Never do any detail comparison)

https://blog.seedly.sg/which-regular-savings-pl...

Should not invest SRS in reit, because (1) dividend stuck in SRS account, got passive income like no passive income. (2) u have to withdraw all in 10 years once u start withdrawing, meaning u have to sell everything= no more dividend.

https://www.iras.gov.sg/taxes/individual-income...

May consider S27 s&p or lion global infinity fund. Go for capital appreciation.
Or simply SSb,Tbill, SGS if you are risk averse.

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