Cpf Investment Charges
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1 Annex D CHARGES TYPICALLY INCURRED FOR VARIOUS INVESTMENTS
Type of Investments Fixed Deposit (FD)
Agent Bank's Charges (Under CPFIS-OA)
Other Charges1 (Under CPFIS-OA & CPFISSA)
Transaction Fee Other Charges Between $2.00 and $2.50 per FD Not applicable placement/ refund of proceeds upon FD maturity or termination Service Charge $2.00 per FD per quarter, subject to a minimum charge of between $2 and $5.
Shares, Bonds (including Statutory Board Bonds) & Listed Property Trusts/Funds, Exchange Traded Funds (ETFs) and Gold ETFs traded on Singapore Exchange
Transaction Fee 2 Broker's commission Between $2.00 and $2.50 per lot, Between 0.4% and 0.5% of subject to a maximum of the trade contract value, between $20 and $25 per subject to a minimum of $25 transaction per trade Service Charge Singapore Exchange fees $2.00 per counter per quarter, 1) a CDP clearing fee of subject to a minimum of between 0.04% on the trade contract $2 and $5 value, subject to a maximum of $600 2) a SGX access fee of 0.0075% on the trade contract value
Singapore Government Transaction Fee Bond-Dealer's Charges Bonds & Treasury Bills and Between $2.00 and $2.50 per lot, Between $0 and $50 per Statutory Board Bonds subject to a maximum of $20 and transaction traded through bond$25 per transaction dealers Service Charge $2.00 per counter per quarter, subject to a minimum of between $2 and $5 Investment-linked Insurance Products
Transaction Fee Between $2.00 and $2.50 per transaction.
Sales Charge Between 0% and 5% (reflected in bid-offer 3 spread ) or 1.0% and 5.75% Service Charge of premium paid and/or $0 to $2.00 per policy per quarter, $150 per single premium subject to a minimum of between policy $2 and $5. Annual Fund Operations 4 Charges or Expense Ratio Between 0.3% and 4.4% of Net Asset Value (NAV5)
2 Redemption Charge Between 0% and 7% of NAV and/or $0 and $42.75. Annual Performance Fees Between 0 and 20% of excess returns over benchmark for the underlying fund. Insurance Administration /Coverage Charges Between $0 and $5 per month per policy. Surrender Charges Between 0% and 4% of the surrender value. Endowment Policies and Transaction Fee Annuities (Single Premium Between $2.00 and $2.50 per Type) transaction.
Total Distribution Cost (TDC)6 Between 1.0% and 6.2% of Single Premium
Service Charge $2.00 per policy per quarter, subject to a minimum of between $2 and $5. Unit Trusts7
(a) If purchased through a distributing bank or online distributor (not under the wrap account structure) Transaction Fee Sales Charge Between $2.00 and $2.50 per lot, Between 0 and 5% (reflected subject to a maximum between in the bid offer spread) of of $20 and $25 per transaction. initial amount invested. Service Charge Switching fee $2.00 per unit trust fund per Between 0% and 5% quarter, subject to a minimum of (reflected in the bid offer between $2 and $5. spread) (b) If purchased through an Investment Administrator (IA) (under the wrap account structure)
3
Transaction Fee Between $2.00 and $2.50 per transaction.
Sales Charge Between 0% and 6%
Annual wrap fee Service Charge Up to 1.5% $2.00 per wrap account per quarter, subject to a minimum of Switching fee between $2 and $5. Nil or as agreed by the member and his financial advisor Other fees Annual establishment fee of up to 1.56% with a chargeable exit fee (for first 5 years) under the “deferred sales charge” option
General fees applicable under both (a) and (b) Annual Fund Operations Charges or Expense Ratio8 Between 0% and 7.1% of NAV Redemption Charge Between 0 and 6% of NAV Annual Performance Fees Between 0% and 30% of excess returns over benchmark for the unit trust
1
These charges are estimates only and may not be exhaustive. CPF members are advised to check with the product providers on the full range of charges payable. Charges also exclude GST, unless otherwise stated. 2
Broking fees are fully liberalised now and the charges depend on the broking houses. The broker's commission mentioned is the range that majority of the broking houses are charging. 3
Bid-offer spread is the difference between the price at which the product is offered for sale ("offer") and the price at which the product provider will redeem the product ("bid") 4
Includes Annual Management Fees which range from 0.10% to 1.85% of NAV
5
Net Asset Value (NAV) is the total market value of the securities in a fund's portfolio divided by the number of units currently outstanding 6
Total Distribution Cost (TDC) refers to the total costs that an insurance company is expected to incur and includes commissions and cost of benefits and services paid to the distribution channel
4 7
Generally, online fund distributors charge lower front-end fees than brick-and-mortar distributors like banks and brokerages. 8
Includes Annual Management Fees which may range from 0% to 3% of NAV
Type of Investments Fixed Deposit (FD)
Agent Bank's Charges (Under CPFIS-OA)
Other Charges1 (Under CPFIS-OA & CPFISSA)
Transaction Fee Other Charges Between $2.00 and $2.50 per FD Not applicable placement/ refund of proceeds upon FD maturity or termination Service Charge $2.00 per FD per quarter, subject to a minimum charge of between $2 and $5.
Shares, Bonds (including Statutory Board Bonds) & Listed Property Trusts/Funds, Exchange Traded Funds (ETFs) and Gold ETFs traded on Singapore Exchange
Transaction Fee 2 Broker's commission Between $2.00 and $2.50 per lot, Between 0.4% and 0.5% of subject to a maximum of the trade contract value, between $20 and $25 per subject to a minimum of $25 transaction per trade Service Charge Singapore Exchange fees $2.00 per counter per quarter, 1) a CDP clearing fee of subject to a minimum of between 0.04% on the trade contract $2 and $5 value, subject to a maximum of $600 2) a SGX access fee of 0.0075% on the trade contract value
Singapore Government Transaction Fee Bond-Dealer's Charges Bonds & Treasury Bills and Between $2.00 and $2.50 per lot, Between $0 and $50 per Statutory Board Bonds subject to a maximum of $20 and transaction traded through bond$25 per transaction dealers Service Charge $2.00 per counter per quarter, subject to a minimum of between $2 and $5 Investment-linked Insurance Products
Transaction Fee Between $2.00 and $2.50 per transaction.
Sales Charge Between 0% and 5% (reflected in bid-offer 3 spread ) or 1.0% and 5.75% Service Charge of premium paid and/or $0 to $2.00 per policy per quarter, $150 per single premium subject to a minimum of between policy $2 and $5. Annual Fund Operations 4 Charges or Expense Ratio Between 0.3% and 4.4% of Net Asset Value (NAV5)
2 Redemption Charge Between 0% and 7% of NAV and/or $0 and $42.75. Annual Performance Fees Between 0 and 20% of excess returns over benchmark for the underlying fund. Insurance Administration /Coverage Charges Between $0 and $5 per month per policy. Surrender Charges Between 0% and 4% of the surrender value. Endowment Policies and Transaction Fee Annuities (Single Premium Between $2.00 and $2.50 per Type) transaction.
Total Distribution Cost (TDC)6 Between 1.0% and 6.2% of Single Premium
Service Charge $2.00 per policy per quarter, subject to a minimum of between $2 and $5. Unit Trusts7
(a) If purchased through a distributing bank or online distributor (not under the wrap account structure) Transaction Fee Sales Charge Between $2.00 and $2.50 per lot, Between 0 and 5% (reflected subject to a maximum between in the bid offer spread) of of $20 and $25 per transaction. initial amount invested. Service Charge Switching fee $2.00 per unit trust fund per Between 0% and 5% quarter, subject to a minimum of (reflected in the bid offer between $2 and $5. spread) (b) If purchased through an Investment Administrator (IA) (under the wrap account structure)
3
Transaction Fee Between $2.00 and $2.50 per transaction.
Sales Charge Between 0% and 6%
Annual wrap fee Service Charge Up to 1.5% $2.00 per wrap account per quarter, subject to a minimum of Switching fee between $2 and $5. Nil or as agreed by the member and his financial advisor Other fees Annual establishment fee of up to 1.56% with a chargeable exit fee (for first 5 years) under the “deferred sales charge” option
General fees applicable under both (a) and (b) Annual Fund Operations Charges or Expense Ratio8 Between 0% and 7.1% of NAV Redemption Charge Between 0 and 6% of NAV Annual Performance Fees Between 0% and 30% of excess returns over benchmark for the unit trust
1
These charges are estimates only and may not be exhaustive. CPF members are advised to check with the product providers on the full range of charges payable. Charges also exclude GST, unless otherwise stated. 2
Broking fees are fully liberalised now and the charges depend on the broking houses. The broker's commission mentioned is the range that majority of the broking houses are charging. 3
Bid-offer spread is the difference between the price at which the product is offered for sale ("offer") and the price at which the product provider will redeem the product ("bid") 4
Includes Annual Management Fees which range from 0.10% to 1.85% of NAV
5
Net Asset Value (NAV) is the total market value of the securities in a fund's portfolio divided by the number of units currently outstanding 6
Total Distribution Cost (TDC) refers to the total costs that an insurance company is expected to incur and includes commissions and cost of benefits and services paid to the distribution channel
4 7
Generally, online fund distributors charge lower front-end fees than brick-and-mortar distributors like banks and brokerages. 8
Includes Annual Management Fees which may range from 0% to 3% of NAV
