facebookSRS 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. - Seedly

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

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

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  • 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...

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  • 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...

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  • 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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