Asked on 26 Apr 2020
Is there any way to waive this fee?
Unfortunately no, as those charges are a given.
However, what you can do is to take steps to minimize the fees, by investing through a CPFIS IA (Investment Administrator) (See: https://www.cpf.gov.sg/Assets/members/Documents/INV_AnnexC.pdf under 'Investment Administrator).
By investing through an administrator, your holdings will be consolidated and you'll be charged in a different manner. For example, if one buys through a bank, they'll be charged $2.50 per 1,000 shares/loan stocks/units or part thereof subject to a maximum of $25 per transaction. If you buy the same stock/ETF/UT through an investment administrator, you'll be charged only $2.50 which is the transactional cost for the investment, regardless of the number of units or shares bought.
The only way to do this directly is to close the CPF investment account.
Alternatively, ensure that your investment return is always more than this fixed cost.
I share quality content on estate planning and financial planning here.