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26-11-2012, 02:16 PM
Egghead, sorry I forgot about your post #19 as I happened to thinking about First REIT then. Did not scroll back to check if I am repeating a point.
Palantir, each SRS bank should have a schedule of SRS charges. I opened mine with DBS. Charges are illustrated below over and above what the brokerage will charge.
I opened my SRS account on 16 Nov and bought my first SRS shares (Singtel) on 23 Nov. I bought 3 lots and left some monies as a buffer.
Transaction cost (SRS), $2.50 per 1,000 shares = $(2.5)*(3) = $7.50
Quarterly charge (SRS), $2 per counter (minimum of $5) = $5.
(a) Projecting 1 year ahead of charges= $(5)*4 + $7.50 = $27.50
(b) Cost of shares: $9,422.90
Total cost (including SRS charges i.e transaction and management)= (a) + (b) = $9,450.40
Singtel Dividends (assuming no change)= $(0.09 + 0.068)*(3000) = $474
Yield on cost = 5.0 %
Tax saved for YA2013 (11.5%) = $1,466.25
Palantir, each SRS bank should have a schedule of SRS charges. I opened mine with DBS. Charges are illustrated below over and above what the brokerage will charge.
I opened my SRS account on 16 Nov and bought my first SRS shares (Singtel) on 23 Nov. I bought 3 lots and left some monies as a buffer.
Transaction cost (SRS), $2.50 per 1,000 shares = $(2.5)*(3) = $7.50
Quarterly charge (SRS), $2 per counter (minimum of $5) = $5.
(a) Projecting 1 year ahead of charges= $(5)*4 + $7.50 = $27.50
(b) Cost of shares: $9,422.90
Total cost (including SRS charges i.e transaction and management)= (a) + (b) = $9,450.40
Singtel Dividends (assuming no change)= $(0.09 + 0.068)*(3000) = $474
Yield on cost = 5.0 %
Tax saved for YA2013 (11.5%) = $1,466.25