SRS

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Products Offered for SRS Investment:

Contributions to SRS accounts only earn 0.05% when kept in bank. Investing is an effective way to put your money to work and potentially build wealth. Why not invest to plan well for your retirement?

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Share
ETF
Bond
Unit Trust
Insurance
Robo
Wrap
Managed Account
Features
Variety of shares to choose from SGX
Smaller range, but more diversified as compared to shares
For yield
Wider range of products as compared to ETF
Low capital to start with online assessment to access your risk preferences and match to suitable portfolio
Financial advisory consultant will go through personal financial review
Professionally managed customised portfolio
Managed/
advised by
You
You
You
You (online)
Financial advisor
Portfolio managers
Financial advisory consultant
Portfolio managers
Capital
Depends on price of shares and quantity
Depends on price of ETF and quantity
Depends on price of bond and quantity
From S$1000
Depends on minimum sum of insurance
From S$300
Depends on underlying investments
S$25,000

Frequently Asked Questions

  1. Open a CPF Investment Account or SRS account with any of the three local banks (DBS, UOB, OCBC).
  2. Link your CPFIS/SRS Account to your trading account via POEMS 2.0 or POEMS 3:
    • Log in to POEMS 2.0 > My Settings > My Account > Bank A/C information
    • Log in to POEMS 3 > Me Tab > Bank A/C Information
  3. Before investing, check and ensure that you have computed the investable amount / have sufficient holdings before making the order submission.
  4. Please link your CPF or SRS account before 6pm for it to be updated within the same working day.
Select the "CPF" or “SRS” payment option in the Trade ticket. Please note that only securities listed on the SGX market are eligible for CPF/SRS investments and the settlement currency must be in SGD.

For CPF, you may refer to the SGX website for the list of CPF Approved Stocks.

For SRS, please refer to your SRS Operator for more details.

Contra is not supported by the banks. The bank may affirm your BUY position for a settlement if you have sufficient investable amount but the SELL position will be revoked to cash settlement and is subjected to buy-in by SGX unless you have sufficient holdings in your account to satisfy your delivery obligations.

Bank matrix for buy & sell on the same day with no holdings.

Trade side DBS OCBC UOB
Buy Remains as CPF/SRS trade Revoke to cash Remains as CPF/SRS trade
Sell Revoke to cash Revoke to cash Revoke to cash
Please check with your CPF/SRS operating bank.
No, PSPL does not have the visibility of your holdings and funds held with the bank.
Please ensure that you have sufficient funds in your CPFIS/SRS account before order submissions.
Please ensure that you have sufficient holdings in your CPF/SRS account before order submissions.
Please select "CPF" option under "Payment type” in the Trade ticket.
Please select "CPF"/” SRS” option under "Payment type” in the Trade ticket.
The circumstances can include any of the following:
  • CPF/SRS bank details is not linked to your trading account
  • You have exceeded the investment limit
  • You have insufficient funds/holdings in CPF/SRS Account
  • Buying and selling within the same day
  • Your CPF/SRS bank account is closed
  • Settlement currency in not in SGD
CPF/SRS trades can only be settled in SGD. If the settlement currency is not in SGD, the trades will be revoked to CASH trades.

Contracts that are partially or fully revoked will be on cash settlement. If you do not have sufficient cash or shares to meet your payment or delivery obligations, the affected contract will be forced-liquidated or be subjected to buying-in accordingly.

Your CPF/SRS bank makes the decision to partially/fully revoke CPF/SRS trades based on investment limit/holding etc. For further enquiries, we advise you to check with your operating bank.

No, as this is subjected to the bank’s decision which is final and not debatable. For further enquiries, we will advise you to check with your operating bank.

For payments using 2 different settlement modes (e.g. Cash, CPF or SRS), there will be 2 contracts created and each contract is subjected to standard brokerage fees and charges.

Amendments are not allowed after the trade date.
There will be a non-refundable handling charge of S$50 (subject to GST) per request. Your request is subject to approval.

Contact us to Open an Account

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com