No Minimum Commission: Trade SGX-listed ETFs with your SRS funds to enjoy tax savings!
Trade SGX-listed ETFs with no minimum commission. For more details, please refer here
What does this mean for you as an investor?
Lower cost of trading
With the removal of the minimum commission, you can now maximise your investment dollars and invest them into more than 30 ETFs listed on SGX. Use our POEMS ETF Screener to locate the ETFs best suited to your investment needs.
Make full use of Dollar Cost Averaging (DCA)
With a lower cost of trading, you can now incorporate Dollar Cost Averaging (DCA), where you spread out your purchases over time instead of doing a one-time lump sum purchase. You can read about the benefits of DCA here. Here at POEMS, we make it even easier for you with our Recurring Plan; plan your regular investments in a highly flexible manner where you can choose the frequency (daily, weekly, monthly and so on).
More on our Recurring Plans
On the POEMS App/ POEMS desktop, open the Recurring Plan widget. There are 2 ways you can create a Recurring Plan.
Looking to save more?
Consider trading ETFs through your SRS (Supplementary Retirement Scheme) account!
With headline inflation rising beyond 7% in 2022, SRS account contributions provide attractive tax savings for those who are looking to cut unnecessary expenses. Instead of growing your cash at a low interest rate of 0.05%, SRS contributions can also be ploughed into ETF investments to boost long-term retirement savings. Find out more about SRS here
Benefits of Trading ETFs with SRS
Enjoy tax savings for
every dollar saved
into the account
Accumulate tax-free gains
from investing with
your SRS funds
Enjoy the flexibility
of withdrawing your
funds at anytime
Enjoy 50% tax concession
on withdrawals
What is SRS?
Introduced on 1 April 2001, the Supplementary Retirement Scheme (SRS) is part of the Government’s multi-pronged strategy to address the financial needs of a greying population. It is a voluntary scheme that complements the CPF. Participants can contribute up to S$15,300 (Singapore Citizen/Singapore Permanent Resident) or S$35,700 (foreigner) annually to the SRS at their own discretion. The contributions may be used to purchase various investment instruments. The SRS offers attractive tax benefits. Contributions to SRS are eligible for tax relief, investment returns are accumulated tax-free (with the exception of Singapore dividends), and only 50% of the withdrawals from SRS are taxable upon retirement.
