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Questions tagged [singapore]

This country tag is to be used for any question that is specific to or only relevant within Singapore

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Are SGX-listed US-domiciled ETFs held by a non-resident non-citizen of the US subject to US Estate Tax?

These ETFs are listed on the Singapore Exchange (SGX) with a "US domicile"1: SPDR® Dow Jones® Industrial Average ETF Trust (D07) SPDR® Gold Shares (O87) SPDR® S&P 500® ETF Trust (S27) ...
kmccoy's user avatar
  • 101
0 votes
1 answer
49 views

Income tax principles when moving countries

I am currently in Germany and moving from there to Singapore in April next year. I am a remote worker and continue to be paid by the same employer. After quite a lot of searching, I am quite confused ...
user1936752's user avatar
6 votes
3 answers
2k views

Do bond funds have an inherent advantage over individual bonds within a portfolio?

Background: I am constructing a simple ETF portfolio consisting of 70% stocks and 30% bonds. Every three months, I will add money into the portfolio, and rebalance the portfolio to restore its 70/30 ...
Flux's user avatar
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1 vote
1 answer
29 views

Foreign National has Resident Account in Indian and transfer money overseas

I am an expat working in India, my salary is paid to my Resident savings account. How do i remit my salary to my wife in Singapore for the family's maintenance? The bank made a mistake and opened a ...
Ramalingam S's user avatar
1 vote
0 answers
169 views

How are remisiers in Malaysia and Singapore different from stock brokers in other countries?

In Singapore and Malaysia, some (most?) investors buy stocks through a "remisier". Remisiers are apparently special enough to get their own Wikipedia page: A remisier (also known as a ...
Flux's user avatar
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2 votes
0 answers
728 views

Do I get a second chance if I fail the SGX quiz?

To trade Specified Investment Products (SIPs) such futures, options and structured warrants, I need to pass the SGX quiz. What happens if I fail the quiz? Will I get a second chance? What is the ...
Flux's user avatar
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1 vote
1 answer
136 views

What is the convention for tickers on the Singapore Exchange?

On the Singapore Exchange (SGX), I observed that 3 letter tickers are for ordinary equities, whereas 4 letter tickers depends on the last letter. From my observations, these are the meanings of the ...
Flux's user avatar
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0 votes
1 answer
232 views

Recently married someone with assets overseas - US tax implications?

This year, I am filing taxes jointly with my wife for the first time. In past years, she was working overseas and did not need to file taxes in the US. She started working in the US in 2019. She is ...
capybara's user avatar
  • 153
2 votes
3 answers
386 views

Do share prices on average drop by the whole dividend?

Share prices (including ETF prices) drop when a dividend is paid out. What's the empirical evidence for the exact amount of the drop? I found some old papers that mention that the stocks they looked ...
Matthias's user avatar
1 vote
0 answers
64 views

How would investing in real estate (REIT or similar) affect my tax situation in the U.S.?

My wife and I are in our 30s and bought our first house this past year. We don't expect to have enough money to buy a rental property or another house in the foreseeable future, but we are ...
capybara's user avatar
  • 153
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0 answers
226 views

Wire transfer problem

I have wire transferred my funds through a Turkish bank using SWIFT code and intermediary bank JP Morgan Chase bank in the US to my account in Singapore. It is already 8 months and I have yet to ...
Mr Choo Pheng Soon's user avatar
3 votes
2 answers
1k views

Any capital gains taxes owed for non-residents selling stock in Canada?

I own stock of a company outside of Canada. Recently, the company was bought out by a Canadian company with newly issued shares listed in Toronto. As a shareholder of the company, I received new ...
Glory 's user avatar
  • 31
1 vote
1 answer
63 views

Transfer Money to NRO account via third party

I moved to Singapore recently. Can I transfer fund to NRO account via third party remittance service like Instarem ?
Srirama Krishnan's user avatar
2 votes
0 answers
126 views

If I work as a freelancer, do I need a company to invoice my customer?

I am from Malaysia. Recently, I found a company in Singapore that wants to hire me as a freelancer. How should we do the payments? I have a bank account in Singapore and I am wondering if there will ...
David's user avatar
  • 21
1 vote
1 answer
274 views

Is a large credit limit on a credit card dangerous if credit card details are hacked and leaked?

Suppose the bank got hacked and credit card details are leaked to hackers. Is it dangerous to have a large credit limit because hackers may use the credit card to go on a spending spree? Would it be ...
curious's user avatar
  • 2,177
2 votes
1 answer
2k views

Pension build up as a foreigner in Singapore

I am a 30 year old moving to Singapore for a few years to work for a local company. So far I have worked 6 years in different EU countries and during that time my retirement fund was arranged through ...
user57130's user avatar
3 votes
1 answer
187 views

The penalty on early redemption of a personal loan

According to the TOS written here: https://www.sc.com/sg/personal-banking/tnc/en/_pdf/cb_all-tnc.pdf (bottom of page 51) 37.2 The following terms and charges will apply if you close the CashOne ...
Lionel Chan's user avatar
3 votes
3 answers
2k views

How to know how much interest paid per payment in a fixed tenor personal loan

I recently took up a personal loan. I do not have any financial background and I do not have any issue paying the loan but I am just curious on how they come out with some numbers. To be precise, the ...
Lionel Chan's user avatar
4 votes
2 answers
73 views

Abroad good credit as minor supplement for U.S.-based credit bureaus and their algorithms?

So I have good credit in the U.S. But I have impeccable credit in Singapore where I lived for past four years. Is there any chance I could convince one of the credit bureaus in the U.S. to consider ...
Josh's user avatar
  • 41
2 votes
1 answer
172 views

Singapore Index Fund(s)

What are some/is a Singapore index fund(s) on the Singapore stock exchange? Does Singapore have sector funds on its exchange as well?
DoubleVu's user avatar
  • 727
1 vote
2 answers
144 views

Accumulating money in a company and withdrawing as dividends

Let's assume that I incorporated a company and started providing consulting services for a fee; payments are transferred to a company's bank account. Once a year I distribute accumulated money as ...
lattedsit's user avatar
2 votes
1 answer
125 views

At what point is money considered to be my income?

I'm working as a freelancer via an escrow company. So my customer transfers money to the said company and then it transfers accumulated money to my bank account. Does the money count as my income when ...
user626528's user avatar
0 votes
0 answers
160 views

Multiple serious delays wiring money to the US from Singapore

I have encountered a number of difficulties wiring money to a relative studying in the US. I have used DBS Singapore, POSB and Maybank Singapore to wire money, but have encountered multiple delays ...
Thani's user avatar
  • 1
1 vote
1 answer
162 views

Taking tax paid money back home to India from Singapore

I have worked in singapore , 30 months and paid all my taxes. I hold an NRO account in India. I do not have any NRE account. I need to transfer my post tax paid saving to India bank as I return home. ...
raja's user avatar
  • 11
1 vote
1 answer
120 views

Chances of losing money in a foreign bank account

I am working in Singapore. I am going to move to Germany. So I am not sure if I should close my bank account. Is there any chance of losing money in the account (i.e. the bank confiscates it citing ...
pappu's user avatar
  • 313
1 vote
2 answers
97 views

Regarding NRI Tax returns

My earnings for the below period as April 2014 till June 2014 in India, July 2014 till Jan 2015 in Singapore ( More than 200 Days ), Feb 2014 till March 2015 in India I'll be paying tax in ...
Manimaran Shanmugam's user avatar
2 votes
1 answer
2k views

Sending income and lottery prizes to Tamilnadu, India from Singapore

I recently came to Singapore from Tamilnadu (India) for a 12 month project assignment and will be earning amount in SGD in Singapore. I came to Singapore via Employment Pass (EP). I have two ...
Manimaran Shanmugam's user avatar
19 votes
7 answers
6k views

Can a company pay a net salary?

I have been approached by a start-up which said that the monthly salary I would earn is a net salary, with no taxes to report on my side, because all taxes are paid and reported by the company. A ...
jujenis's user avatar
  • 193
3 votes
0 answers
152 views

Transfer money from Citibank to Norway TT vs Visa withdrawal

I have an account in Singapore Citibank, and I need to transfer some money to my bank account in Norway as big as around 20K SGD. I used to do this last year with TT and ended up paying around 50 ...
dresden's user avatar
  • 131
2 votes
1 answer
540 views

What's the best gold investment strategy for a Singapore resident?

I'd like to buy gold in small amounts (1 gm) when the prices are attractive, but I can't keep a watch on it. I'm buying gold as a long term investment / hedge, and I don't have plans to sell it. ...
vi.su.'s user avatar
  • 193
4 votes
1 answer
5k views

What do I use for the article number and % rate on the W-8BEN form, for publishing & selling my ebooks?

I am an Indian citizen living in Singapore. I am publishing ebooks on Amazon, Apple, etc., and I have just gotten the EIN. I need help in Part II of the W-8BEN form, where it asks for the Article ...
user10598's user avatar
2 votes
2 answers
2k views

In your 20s how much money should you have and how to properly use & manage it?

If you're in your younger days how much money should you be earning and be spending? Should you already invest for car, house or start your own business? What is the wisest decision should a person ...
Pennf0lio's user avatar
  • 139
7 votes
2 answers
1k views

How does bank deposit insurance work in Singapore?

When I check bank web sites in Singapore, they usually post something like below: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under ...
kitokid's user avatar
  • 961
7 votes
1 answer
691 views

Is having a Critical Illness Insurance worth it?

I am aware that the typical argument for having a CI insurance is because we just really don't know what will happen in the future and it's better to be protected. But is it really worth it paying for ...
catandmouse's user avatar
1 vote
1 answer
125 views

What is the reasonable amount yearly for a Hospitalization + Disability Income + Critical Illness Insurance?

I live in Singapore. I'm in my mid-20s and I currently have medical insurance that covers hospitalization bills. This amounts to roughly USD 250 per year. However, I lack Critical Illness insurance ...
catandmouse's user avatar
4 votes
3 answers
1k views

is it good to buy insurance policy as investment for beginner?

I have no investment experiences before. So want to get some suggestions. Lately one insurance adviser was suggesting to buy one insurance policy as investment (they called it as saving plan ) . Here ...
kitokid's user avatar
  • 961
4 votes
1 answer
9k views

Where can I find company filing information in Singapore?

I found that in the US one can take a look and research company filing information (such as 10-K, 10-Q etc) a the SEC before they invest in a company. For Singapore I only find SGX, and couldn't find ...
kitokid's user avatar
  • 961
7 votes
2 answers
1k views

What is a private banker?

When I went to the bank , I was introduced by a staff to another woman who addressed her as a private banker. As I don't understand the term private banker clearly, below are my few questions. 1) ...
kitokid's user avatar
  • 961
2 votes
2 answers
336 views

Is it good enough to close the existing saving account and open new saving account at another bank for higher interest?

I have a saving account which can earn at most 0.25 %p.a on BANK A. I have another despoit account in BANK A for my daily usage. I found BANK B is offering 0.4% per year for the saving account. The ...
kitokid's user avatar
  • 961
2 votes
1 answer
1k views

How to calculate this interest rate MSA in DBS bank (SINGAPORE)?

This morning, I check Montly Saving Account of DBS bank Singapore. I tried with their calculator via this link and came up with this. Total monthly savings $ 3,600.00 Total interest earned $ 7....
kitokid's user avatar
  • 961
1 vote
2 answers
2k views

Income Tax liability for non-citizen of indian orgin

I am a citizen of Singapore of Indian orgin. I have been working for a multinational in Singapore which has registered office in India too. For the last fiscal ( Apr 2011 to March 2012), I had spent ...
Ram Kar's user avatar
  • 11
2 votes
2 answers
1k views

Best steps to start saving money for a fresh grad in Singapore?

What steps should a fresh graduate in Singapore undertake to start saving money or growing money?
kitokid's user avatar
  • 961
30 votes
2 answers
242k views

"Savings" account vs. "current" account - what's the difference?

When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account. What's the difference between these two account types?
Fitri's user avatar
  • 533
5 votes
2 answers
260 views

What are the opportunities/implications of having a designated clearing bank in my home country?

NOTE: I don't come from a finance background i.e. I'm an idiot in this topic. Recently China announced that the Bank of China and ICBC will become designated RMB "clearing banks" in my home country, ...
Jake's user avatar
  • 205