Purchase Singapore Savings Bonds with SRS in 2019

With the year of 2018 coming to an end soon, there is an excellent piece of good news that I will like to share. You probably have read it as other financial bloggers have wrote about it. If you didn’t know yet, in the near future, you can purchase Singapore Savings Bonds using your Supplementary Retirement Scheme funds with effect from 1st February 2019!

The current individual limit of S$100,000 have also been increased to S$200,000, inclusive of purchases with cash and Supplementary Retirement Scheme funds.

Personally, I felt that this is an excellent improvement to the Singapore Savings Bonds scheme. I can contribute to Supplementary Retirement Scheme for tax rebates and now invest them into Singapore Savings Bonds for a higher return.

If you buy Singapore Savings Bonds regularly like me, the monthly Singapore Savings Bonds purchases gets added to the list of your stocks in Central Depository (Pte) Limited (CDP) which kind of get messy as the list gets very lengthy. I am currently using StocksCafe to track my Singapore Savings Bonds.

To solely view your Singapore Savings Bonds purchases, the Monetary Authority of Singapore (MAS) will launch a My Savings Bonds portal in March 2019. The portal will allow investors to view their total SSB holdings, purchased using both cash and SRS funds.

Happy Retirement Planning!

My Sweet Retirement Top 10 Financial Posts in 2018

We are finally in the last month of the year 2018! When I started MySweetRetirement website, I have never expected to make it so far. Given my busy work schedule, I only have time to do research and analyze stocks at night. Writing personal analysis of stocks allows some form of structured thinking and guidance towards my final decision whether to invest or not to invest in those stocks I found.

At the end of every month, I will review and update my stock portfolio. This allows me to have a quick overview of my investments and not over-allocating my monies into any single stock. In short, I am planning for a well diversified stock portfolio.

I hope you have enjoyed my posts so far. Likewise, I have benefited from your comments as well.

Below are the top ten posts in the year of 2018.

#1 My Personal Analysis of Singtel

My Personal Analysis of Singtel

#2 Why I Switched to DBS Multiplier Account

Why I Switched to DBS Multiplier Account

#3 Goodbye Suntec REIT

Goodbye Suntec REIT

#4 Fixed Deposit Promotions in October 2018

Fixed Deposit Promotions in October 2018

#5 Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds

Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds

#6 CIMB Bank 9th Birthday Fixed Deposit Promotion

CIMB Bank 9th Birthday Fixed Deposit Promotion

#7 My Personal Analysis of Silverlake Axis

My Personal Analysis of Silverlake Axis

#8 September 2018 Singapore Savings Bonds is 2.44%

September 2018 Singapore Savings Bonds is 2.44%

#9 Profit Update After A Month of Mining Ethereum

Profit Update After A Month of Mining Ethereum

#10 What To Invest Now?

What To Invest Now?

January 2019 Singapore Savings Bonds is 2.45%

The effective interest rate for January 2019 Singapore Savings Bonds (GX19010T) is 2.45% if you held it for 10 years. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for January 2019 Singapore Savings Bonds, the next payout will be July 2019 and January 2020 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn a higher monthly interest from your DBS Multiplier Account. I have completed my matrix below and thus I am expecting to earn a higher interest rate from DBS Multiplier Account every month in the year 2020!

Read my previous post here on how to earn higher interest with your DBS Multiplier Account. Read More