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Cpf investment vs cash investment
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rogue_trader
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14-Jul-2007 01:56
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justarted, CPFIS?? you referring to unit trusts?? bt anyway, fyi, dividends from shares using CPFOA to buy 1 will be credited back to your CPFOA.. |
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justarted
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14-Jul-2007 01:51
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if i'm not wrong, for CPFIS (CPF Investment Scheme), profits are credited back into the CPF accounts except for dividends, which is given in hard cash, but is subjected to tax. |
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rogue_trader
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14-Jul-2007 01:33
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portsmouth, differences as below (anybody please add on or correct me if i am wrong somewhere or if i left out anything) CPFOA - limit of 35% of investible CPFOA can be use only for shares purchases only singapore incorporated stocks can only be bought by that 35% fees and charges applied to both brokerage house and agent bank (one need a CPFIS-OA account with only one of the agent banks <DBS, OCBC or UOB>) and any other related charges all realised profits/dividends will be credited back into CPFOA cannot contra on 1st day of purchase Cash - no limit, only limit imposed by your dealers/remisiers/brokerage houses any shares listed on sgx can buy no need agent bank (less 1 set of fees and charges) profits/dividends in hard cash can contra on 1st day of purchase |
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portsmouth
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13-Jul-2007 23:49
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Can any kind souls out here enlighten me on the differences between a cpf investment vs cash investment??? csuse think off usinf cpf to invest. Thanks in advance |
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