Can I use SRS for Tiger brokers?
Popular low-cost brokerage firms such as Tiger Brokers, MooMoo, Interactive brokers, Saxo capital, etc DO NOT allow purchase using SRS account.
Yes you can. Before submitting an SRS trade, you need to open an SRS Investment Account with an agent bank. The SRS Investment Scheme account number also needs to be updated into your Trading account with us.
For instance, those with an SRS Account opened with OCBC Bank can participate in a regular savings scheme operated by the bank to buy the Nikko AM Singapore STI ETF. Known as the Blue Chip Investment Plan, the investment quantum starts from only $100 per month.
The Supplementary Retirement Scheme (SRS) is a government scheme that helps you enjoy tax savings on the funds you contribute while saving up for a comfortable retirement. Contributions into your SRS Account may be used to purchase various investment instruments to earn potentially higher returns.
Yes, you can invest in D07 and S27 using SRS.
You may withdraw any amount of SRS savings from your account. There is no specified minimum or maximum sum of withdrawal.
There are several products available at DBS that you can invest in using your SRS funds, such as bonds, fixed deposits, stocks, ETFs, insurance, and unit trusts. There is a transaction fee of S$2 for each SSB application and redemption request.
- Fixed Deposits.
- Bonds.
- Single Premium Endowments.
- Stocks & Shares.
- Index Funds & ETFs.
- Unit Trusts.
- REITs.
- #1 Open and top up S$1 to your SRS account today. ...
- #2 Top up the maximum of S$15,300 a year. ...
- #3 Plan and spread out your withdrawals. ...
- #4 Opt for investments that complement your current portfolio. ...
- #5 Stash it in cash management accounts. ...
- #6 Not all withdrawals have to be made in cash.
Investors can purchase ETFs with cash, CPF, and SRS funds.
Where do SRS dividends go?
Your investments are deposited into your SRS Account
The stocks, ETFs, SSBs, unit trusts, and other investments that you purchase will be deposited into your SRS account. Similarly, any distribution or dividend payouts and bond coupons, and proceeds from investment sales, will also be credited back into your account.
Can I transfer my SRS Account from other banks to OCBC? Yes, you can.
So what can you do with your SRS account? The available options for SRS Investments are Fixed Deposit, Insurance, Unit Trusts, Shares, REITs & ETFs.
- MoneyOwl.
- StashAway.
- Endowus.
What do I need to apply for an IPO? You will need an existing CDP account. You will also need a UOB bank account, SRS account or a CPF investment account with UOB to pay for the IPO.
SPDR Gold Shares is included under the CPF Investment Scheme (CPFIS) – Ordinary Account and Supplementary Retirement Scheme (SRS). This means you can now use some of your CPF Ordinary Account savings to invest in the gold ETF.
Your investments are deposited into your SRS Account
The stocks, ETFs, SSBs, unit trusts, and other investments that you purchase will be deposited into your SRS account. Similarly, any distribution or dividend payouts and bond coupons, and proceeds from investment sales, will also be credited back into your account.
