Can you use money from your CPF to do index investing?
Yes!
If you are using your money from your CPF Ordinary Account (OA), you can open a CPF Investment Account with any one of the three CPFIS agent banks :
1. DBS Bank Ltd (DBS)
2. Oversea-Chinese Banking Corporation Ltd (OCBC)
3. United Overseas Bank Ltd (UOB)
Any amount in your CPF ordinary account (not including the first S$20,000) can be invested into Exchange-Traded Funds (ETF).
Important Things to Take Note
1. Transaction Charges - Check with individual banks for latest rates
2. Service Charges - S$2 service charge, per counter, every quarter
2. Service Charges - S$2 service charge, per counter, every quarter
These two will quickly increase your cost if you're investing a small sum monthly!
is ETF under the rule of 35% of CPF in share investing
ReplyDeleteInteresting that you asked, I did a quick comparison between the banks' websites.
DeleteUOB - ETF not listed
POSB - Listed with 35% cap
DBS - Listed without cap
OCBC - Listed without cap
Seems like we have conflicting information here. Let me try to find out more on this.
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