tag:blogger.com,1999:blog-7944902213075756335.post1552993862849120475..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Time for AK to be paid $12,750.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-7944902213075756335.post-29153158089870453452017-12-07T22:33:53.030+08:002017-12-07T22:33:53.030+08:00Hi Yeo,
I am not allowed to give investment advic...Hi Yeo,<br /><br />I am not allowed to give investment advice to any individual.<br /><br />I am only talking to myself about my experience here:<br /><br />1. http://singaporeanstocksinvestor.blogspot.sg/2017/02/win-and-win-again-with-srs.html<br /><br />2. http://singaporeanstocksinvestor.blogspot.sg/2017/08/options-with-cpf-life-and-srs-in.html<br /><br />3. http://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45870641382161352042017-12-07T19:16:31.251+08:002017-12-07T19:16:31.251+08:00What are some investment vehicles I can consider w...What are some investment vehicles I can consider with SRS if my aims are to generate about 3% annual returns and largely to preserve capital? Thank you. Yeohttps://www.blogger.com/profile/03132824353363978922noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83307684862434329912017-12-07T15:53:32.197+08:002017-12-07T15:53:32.197+08:00NOTE:
From 2016, the max SRS contribution is $15,3...NOTE:<br />From 2016, the max SRS contribution is $15,300 a year.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7471288699352638962013-12-24T22:05:21.661+08:002013-12-24T22:05:21.661+08:00Hi hjteo,
This is good news! Thanks for sharing t...Hi hjteo,<br /><br />This is good news! Thanks for sharing this with me. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51039596561128961462013-12-16T11:01:52.811+08:002013-12-16T11:01:52.811+08:00Hi AK,
Just checking my DBS account and found tha...Hi AK,<br />Just checking my DBS account and found that we can now check our DBS SRS account online - as long as we have the 2FA dongle or via sms. =)<br /><br />hjteohttps://www.blogger.com/profile/13958508235243896625noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85573504701770200362013-12-09T11:32:56.953+08:002013-12-09T11:32:56.953+08:00thanks AK.
thanks AK.<br />Anonymoushttps://www.blogger.com/profile/11746143846191365442noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77732305258982628352013-12-09T10:58:59.488+08:002013-12-09T10:58:59.488+08:00Hi Chris,
I don't provide advice. I just talk...Hi Chris,<br /><br />I don't provide advice. I just talk to myself here. ;p<br /><br />Anyway, if I were doing this for myself, my first choice would be the CPF-SA. I am a lazy guy and if my savings is able to generate 4% per annum returns for me, I am happy enough.<br /><br />For people who are savvy investing in stocks, then, the SRS could be preferred since the CPF-SA does not allow the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8455542897993604132013-12-09T10:16:47.534+08:002013-12-09T10:16:47.534+08:00Hi AK,
I am wondering which is a better place to p...Hi AK,<br />I am wondering which is a better place to put away my money into SRS or CPF top up into my SA? Both give you tax incentives, right?<br />As I do not have as much money to put away in both accounts? As SA will pay an interest of 4%, it seems more attractive to me<br />Please advice.Anonymoushttps://www.blogger.com/profile/11746143846191365442noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3748225918563979582013-12-06T22:55:46.342+08:002013-12-06T22:55:46.342+08:00Hi Nick,
Not all banks allow us to check our SRS ...Hi Nick,<br /><br />Not all banks allow us to check our SRS account online. Mine is with DBS and I can't do it. Have to wait for the monthly statement. :(<br /><br />I know OCBC allows it. Good! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77185109188711316112013-12-06T22:28:50.912+08:002013-12-06T22:28:50.912+08:00Hi AK,
Do you have idea how I can see how much is...Hi AK,<br /><br />Do you have idea how I can see how much is in my SRS account? Would it be via the online banking system?NicK Guthehttps://www.blogger.com/profile/09471004665986562357noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63440274885567844302013-12-04T22:54:05.481+08:002013-12-04T22:54:05.481+08:00Hi Mad Stranger,
You are welcome. :)
This is jus...Hi Mad Stranger,<br /><br />You are welcome. :)<br /><br />This is just the beginning of December. Plenty of time before the year ends.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85803561754708570332013-12-04T22:39:56.810+08:002013-12-04T22:39:56.810+08:00Hi AK,
Thanks for your reply. With that, we need t...Hi AK,<br />Thanks for your reply. With that, we need to do the first top up asap since the withdrawal age is dependent on the retirement age at that time.<br /><br />Better do my first top up soon to lock in the age of 62 withdrawal age!Mad Strangerhttps://www.blogger.com/profile/17120643811405718723noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74124276683969564692013-12-03T23:39:42.750+08:002013-12-03T23:39:42.750+08:00Hi DW,
The team at AIMS AMP Capital Industrial RE...Hi DW,<br /><br />The team at AIMS AMP Capital Industrial REIT has done well so far. I hope they continue to deliver. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61672267541214439882013-12-03T23:22:48.847+08:002013-12-03T23:22:48.847+08:00Hi AK,
Thanks for your insight on AIMS AMP. :)
I...Hi AK,<br /><br />Thanks for your insight on AIMS AMP. :)<br /><br />I agree. We need to wait for a few quarters to see the impact. Dividend Tech Warriorhttps://www.blogger.com/profile/10905667545384063302noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70487929778342737322013-12-03T00:22:56.212+08:002013-12-03T00:22:56.212+08:00Hi Mad Stranger,
I remember reading in the news b...Hi Mad Stranger,<br /><br />I remember reading in the news but I cannot remember the source.<br /><br />However, we can infer that this is the case from reading this:<br /><br />"You can withdraw your SRS monies over 10 years from the date of your first penalty-free withdrawal. <b>Withdrawals are penalty-free only if they take place after <i>the statutory retirement age that was prevailing AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10983265609264504502013-12-02T23:18:45.067+08:002013-12-02T23:18:45.067+08:00Hi AK,
The tax rates was adjusted in 2011 but the ...Hi AK,<br />The tax rates was adjusted in 2011 but the 20k non-taxable band was unchanged. But I do believe this band can become 30k or even 40k in the future, but that will be many years down the road.<br /><br />You mentioned that any increase in withdrawal age will not impact existing SRS account holders. I couldn't find any mention of this on the SRS bank pages by banks or IRAS. Can you Mad Strangerhttps://www.blogger.com/profile/17120643811405718723noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74719291183729037722013-12-02T22:55:06.356+08:002013-12-02T22:55:06.356+08:00Hi Mad Stranger,
The non-taxable bracket's ce...Hi Mad Stranger,<br /><br />The non-taxable bracket's ceiling has been raised. So, I believe that people will have to make more money before they are taxed. This is the impression I get. <br /><br />Also, even if the withdrawal age is raised, it will not affect people who started an SRS account earlier on. This was the assurance we were given.<br /><br />I will not make any withdrawal from myAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26057465325041271252013-12-02T21:50:07.367+08:002013-12-02T21:50:07.367+08:00Hi AK,
I fear for 2 things:
1) rise in income tax ...Hi AK,<br />I fear for 2 things:<br />1) rise in income tax rates in the future<br />2) rise in withdrawal age<br /><br />and if you are still working at the point of withdrawal and have since moved to a much higher tax band, wouldn't you end up paying more taxes even though only 50% is taxable?Mad Strangerhttps://www.blogger.com/profile/17120643811405718723noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87372445620968686622013-12-02T21:40:27.889+08:002013-12-02T21:40:27.889+08:00Hi ryan,
Basically, whatever we have in the SRS a...Hi ryan,<br /><br />Basically, whatever we have in the SRS account is taxable if the amount withdrawn each year exceeds the non-taxable amount. It doesn't matter how the money found its way into our SRS account. :)<br /><br />So, plan not to over-contribute. About $300K - $400K seems like a good amount to have in the SRS account at retirement. Its role is supplementary, after all. <br /><br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44260264276795199312013-12-02T21:33:40.126+08:002013-12-02T21:33:40.126+08:00Hi Moonlight,
Dividends from Marco Polo Marine. H...Hi Moonlight,<br /><br />Dividends from Marco Polo Marine. Haha.. No, no. This would be too little. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59511895235973153672013-12-02T21:08:44.241+08:002013-12-02T21:08:44.241+08:00AK, if we use money in our SRS account to invest i...AK, if we use money in our SRS account to invest in the stock market, and we make capital gains & dividends (both non-taxable), do we end up paying tax on 50% of those gains when we withdraw it at retirement age?ryanhttps://www.blogger.com/profile/14924634897606717568noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39788632461168471792013-12-02T20:27:48.996+08:002013-12-02T20:27:48.996+08:00Thought it was your dividend from Marco Polo. :P
...Thought it was your dividend from Marco Polo. :P<br /><br />Cheers,<br />MoonlightZaananhttps://www.blogger.com/profile/00595941329307654290noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55431860256418354572013-12-02T16:42:04.336+08:002013-12-02T16:42:04.336+08:00Hi DW,
The Australian office building with Singte...Hi DW,<br /><br />The Australian office building with Singtel-Optus as the main tenant? Well, it seems that AIMS AMP Capital Industrial REIT got a fair deal. There wasn't any discount to NAV.<br /><br />The purchase will be fully funded by debt. So, it will be DPU accretive which is good news for unit holders. The built in 3% annual rental escalation is attractive too.<br /><br />I don't AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44431317075629261812013-12-02T16:36:49.586+08:002013-12-02T16:36:49.586+08:00Hi hjteo,
I always write a UOB cheque to deposit ...Hi hjteo,<br /><br />I always write a UOB cheque to deposit into my SRS account with DBS.<br /><br />Anyway, it is quite easy. I just do a quick cheque deposit. No queue. No hassle. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74720369723335602962013-12-02T16:33:39.034+08:002013-12-02T16:33:39.034+08:00Hi Matthew,
Thank you for rationalising this for ...Hi Matthew,<br /><br />Thank you for rationalising this for us. <br /><br />Although I am sure each one of us have our own reasons for contributing when we do, you have provided me with a new angle on why an end of year contribution is better. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com