tag:blogger.com,1999:blog-7944902213075756335.post8662290052205134566..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): SRS: E-book and a brief analysis.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger67125tag:blogger.com,1999:blog-7944902213075756335.post-34874610334426242822019-10-29T09:19:53.685+08:002019-10-29T09:19:53.685+08:00Hi Kiki,
It would depend on when a person's S...Hi Kiki,<br /><br />It would depend on when a person's SRS account was created.<br /><br />In other words, the withdrawal age for an account would be tied to the retirement age at the time the account was created.<br /><br />For me, it would be age 62.<br /><br />This is from what I remember.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22793653243343413232019-10-28T15:04:54.780+08:002019-10-28T15:04:54.780+08:00Hi
With the statutory retirement age set to incre...Hi<br /><br />With the statutory retirement age set to increase, does it mean that the SRS withdrawal would be at a later date too?<br /><br />I cannot seem to find the answer in IRAS and MOF web.<br /><br />Thank you.Kikihttps://www.blogger.com/profile/00365173793135901713noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44662888650454421742018-07-25T00:51:33.340+08:002018-07-25T00:51:33.340+08:00Indeed. Thanks for sharing your thoughts!Indeed. Thanks for sharing your thoughts!Phttps://www.blogger.com/profile/12574935146347606578noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87357223317278302222018-07-23T09:33:29.698+08:002018-07-23T09:33:29.698+08:00Hi P,
Welcome to ASSI and I am happy you have enj...Hi P,<br /><br />Welcome to ASSI and I am happy you have enjoyed my blogs. :)<br /><br />The SRS is most attractive for me because of the income tax relief.<br /><br />If contributing to the SRS account does not attract any income tax relief, frankly, it is out the window for me. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84970382785308797052018-07-23T00:29:19.049+08:002018-07-23T00:29:19.049+08:00This comment has been removed by the author.Phttps://www.blogger.com/profile/12574935146347606578noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76897716358999424852018-07-23T00:09:42.776+08:002018-07-23T00:09:42.776+08:00HI AK,
I chanced upon your blog by accident but h...HI AK,<br /><br />I chanced upon your blog by accident but have since taken an interest to reading the articles as much as possible to educate myself so i can rely on more than just one active income by working. <br /><br />I started doing SRS and also using my CPF in a different way by using it to save for retirement. Now i'm currently looking into potential investment in stocks or reits butPhttps://www.blogger.com/profile/12574935146347606578noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61342774636094435002017-05-04T21:57:12.938+08:002017-05-04T21:57:12.938+08:00Hi K,
Hmmm...
Not that I know of.Hi K,<br /><br />Hmmm...<br /><br />Not that I know of.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75877910728391468782017-05-04T15:11:26.166+08:002017-05-04T15:11:26.166+08:00Hello AK,
I know there are some custodian trading...Hello AK,<br /><br />I know there are some custodian trading accounts that allows one to trade at 0.12%. <br /><br />Is there any account out there that lets one trade with SRS funds that is less than the usual 0.275% commission?<br /><br />Thanks.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15646538968892543282017-03-20T18:06:56.051+08:002017-03-20T18:06:56.051+08:00Hi pirate,
I am glad you enjoy ASSI. :)
I am not...Hi pirate,<br /><br />I am glad you enjoy ASSI. :)<br /><br />I am not familiar with the product you mentioned. :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63421359172708233342017-03-20T16:42:51.977+08:002017-03-20T16:42:51.977+08:00Hi AK
Thanks for writing such a wonderful blog. I...Hi AK<br /><br />Thanks for writing such a wonderful blog. It has taught me many things and that there is so much more to learn.<br /><br />What is your opinion on NTUC Income Sail? <br /><br />Thanks piratehttps://www.blogger.com/profile/16705980719282234123noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34424567782483792312016-02-03T11:19:45.727+08:002016-02-03T11:19:45.727+08:00Hi fooztreasures,
Only cash top ups to the SA is ...Hi fooztreasures,<br /><br />Only cash top ups to the SA is eligible for income tax relief. Fresh funds. ;)<br /><br />No income tax relief for OA to SA transfer which is basically just shifting money that is already in the CPF (and which was already given income tax relief as mandatory contributions). AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86986614407370789312016-02-02T14:54:35.021+08:002016-02-02T14:54:35.021+08:00AK,
is the 7k top up to SA for cash only?
or is...AK, <br /><br />is the 7k top up to SA for cash only? <br />or is the transfer from OA to SA considered as well? <br /><br />i tried looking for this particular on net, but cant seem to find any info on this. foolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7840704504652873942016-02-02T13:14:00.922+08:002016-02-02T13:14:00.922+08:00Hi fooztreasures,
If we have not hit the prevaili...Hi fooztreasures,<br /><br />If we have not hit the prevailing Minimum Sum (Full Retirement Sum), we could consider doing Top Ups to our SA. Yes, we will get income tax rebate for the first $7K of Top Up each year. This is something I blog about from time to time too. :)<br /><br />Once we start withdrawing our SRS savings at age 62 or later, we will have 10 years to withdraw everything. So, makeAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90612031304051193762016-01-31T11:46:14.453+08:002016-01-31T11:46:14.453+08:00"To get tax rebate, you can also consider cas..."To get tax rebate, you can also consider cash top up to your own Special Account. You get up to $7K tax rebate per year, and SA earns a decent stable interest of 4% pa."<br /><br />i did not know about this... so if you V.C. (aka cash top up) to CPF-SA. you will get an equal tax rebate? <br /><br />another thing, i keep reading about withdrawing the SRS over 10 years. is this the max foolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88615961216363828392015-11-24T21:32:33.432+08:002015-11-24T21:32:33.432+08:00Hi Haven,
Welcome to my blog. I am happy you find...Hi Haven,<br /><br />Welcome to my blog. I am happy you find it engaging. <br /><br />My blog is very lucky to have very thoughtful comments from readers most of the time. :)<br /><br />I have started investing my SRS money in recent months. I bought stocks of SATS and ST Engineering, notably. A big portion of my SRS money is still waiting to be deployed. Is there going to be a big slump in the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21807197914069779512015-11-24T14:48:48.322+08:002015-11-24T14:48:48.322+08:00Hi AK,
I stumbled onto the blog, found it very eng...Hi AK,<br />I stumbled onto the blog, found it very engaging since various scenarios and thoughts are being put out here. I am really glad there are a few more deeper thinkers these days, especially the younger ones... hmnn... maybe... ha ;)<br />I realized that I did not spend enough time delving into SA previous year (which I need to amend) but went straight into SRS instead. As Serendib haven11https://www.blogger.com/profile/12980446828487917553noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4462281278794953492015-11-24T14:41:52.558+08:002015-11-24T14:41:52.558+08:00This comment has been removed by the author.haven11https://www.blogger.com/profile/12980446828487917553noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91086895546459910222015-11-01T16:21:52.770+08:002015-11-01T16:21:52.770+08:00Hi Serendib,
By coincidence, I just made my full ...Hi Serendib,<br /><br />By coincidence, I just made my full contribution to the SRS for this year a few days ago.<br /><br />I am not doing anything with my SRS money for now because I feel that we could be in for a more significant correction in the stock market. I would like to use the money to buy more stocks on the cheap then.<br /><br />My single premium endowment plans from UOB Life (boughtAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65097970708536357762015-11-01T14:38:59.832+08:002015-11-01T14:38:59.832+08:00Hi AK, I suppose change is indeed the only constan...Hi AK, I suppose change is indeed the only constant! I'm looking back at our discussions from 4 years ago. Now SRS is looking more attractive to me as i) tax bracket and rates have gone up, ii) contribution ceiling will be $15,300 from next year and iii) SRS rules ref liquidation of assets have been amended.<br />Now I'm thinking of contributing more into SRS and putting them into Serendibhttps://www.blogger.com/profile/13279004588040425703noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84743017202369435232015-02-06T20:03:35.145+08:002015-02-06T20:03:35.145+08:00Hi Ah John,
From what I understand, yes. Stocks w...Hi Ah John,<br /><br />From what I understand, yes. Stocks we bought using money in our SRS account stay in the SRS account. Once we start withdrawing money from our SRS account, we would have to liquidate the stocks within the 10 year withdrawal period.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30276194588026666202015-02-06T18:11:24.980+08:002015-02-06T18:11:24.980+08:00Hi AK, sorry another doubt, if SRS invested in sto...Hi AK, sorry another doubt, if SRS invested in stocks, is it must to sell it if want to withdraw? Can't direct transfer to CDP account? Ah Johnhttps://www.blogger.com/profile/08143011578144039532noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43768590034873971792015-02-06T16:24:46.996+08:002015-02-06T16:24:46.996+08:00Hi Eddie,
Dividend anc capital gain are both taxa...Hi Eddie,<br /><br />Dividend anc capital gain are both taxable in the SRS account.<br /><br />It is highly unlikely that we no longer have a taxation regime in place as the public sector still needs a source of funding. <br /><br />When you retire, I suppose you stop working, hence you would have no employment income (otherwise you are not retired). Since you have no income, I don't see how Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86568417385254024792015-02-06T16:14:03.844+08:002015-02-06T16:14:03.844+08:00Hi blazingruby60,
Since you just started contribu...Hi blazingruby60,<br /><br />Since you just started contributing to your SRS and your retirement is 8 years away, there is absolutely no requirement for you to invest in an annuity if you don't want to lock up the money after retirement.<br /><br />Is you continue to contribute $12,750 for 8 years, you would have $102,000 in your account. You could choose to withdraw up to $40,000 a year Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90939845761372643442015-02-06T13:47:38.975+08:002015-02-06T13:47:38.975+08:00Hi Eddie,
Dividend and capital gains will go into...Hi Eddie,<br /><br />Dividend and capital gains will go into your SRS account if you were to use your SRS money to invest.<br /><br />50% of sum money withdrawn will be tax exempt at retirement. The other 50% will be taxable at the prevailing tax rate.<br /><br />I cannot say what tax rates are going to look like in future, of course. ;p<br /><br />You might want to read the guest blog by MatthewAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3462077892586764082015-02-06T10:32:05.184+08:002015-02-06T10:32:05.184+08:00Hi AK,
I chance upon your blog, am contacting the...Hi AK,<br /><br />I chance upon your blog, am contacting the bank and will drop IRAS my queries too. but like to seek your opinion.<br /><br />Will the dividend and capital gain of the shares invested from SRS goes to SRS? if so, are they taxable on retirement? which currently capital gain are not taxable.<br /><br />What if by the time one retire the tax rate has increase by 100% or gone? even Anonymoushttps://www.blogger.com/profile/11432820096816313931noreply@blogger.com