If I have already set up a RSS before opening the multiplier account then will it still count towards my investment criteria for the multiplier account or must I redeem my fund and open a new one? - Seedly

Savings

Investments

Regular Shares Savings Plans (RSS)

Asked by Utkarsh Pandey

Asked on 21 Apr 2019

If I have already set up a RSS before opening the multiplier account then will it still count towards my investment criteria for the multiplier account or must I redeem my fund and open a new one?

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Based on their website, it should be after you open your multiplier account. You should use the SSB ladder method instead as the RSP method only last for 12 months. But it will take 6 months and minimum $3,012 for the method to start working.

Take a look at the link below.

https://thesingaporesavvyadvisor.wordpress.com/2019/03/06/bond-ladder-to-climb/?fbclid=IwAR2MMkD-U-bNv-sc7QgKwZrHFsRmyX465D0tYp8M7RCR5FWwp2Q6uGoNldA

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