How much in fees do I have to pay to invest my CPF? (SG)
Updated
(1) The Endowus Fee
An access fee paid to Endowus for investment advice, portfolio creation and rebalancing, brokerage, and transfers.
The Endowus Fee is paid per annum based on assets under advice (AUA).
0.40% flat fee for any amount, for any multi-fund portfolio; and
0.30% flat fee, for any single-fund portfolio.
You may find out more about how Endowus Fees on CPF investments are charged here.
(2) Fund-Level Fee (fund total expense ratio)
Charged by the fund manager out of the underlying fund Net Asset Value (NAV).
* Please note that Endowus will give you 100% Cashback on trailer fees. Read more about trailer fees here.
(3) Agent Bank Charges (only for CPF OA investments)
These are charges levied by the Agent Bank of your CPF Investment Account (DBS, UOB, OCBC).
Transactions (buy or sell): S$2-S$2.50 per transaction on a portfolio basis. No transaction fee will be charged for switching/rebalancing of portfolio
Service charge: S$2-S$2.50 on a portfolio basis per quarter
Rejected trades: $5 to process each unsuccessful transaction (i.e. due to insufficient funds)
* Please note that Agent Bank charges are only applicable for CPF OA investments, and not CPF SA investments. Agent Bank charges are GST-applicable, and subject to change by the respective Agent Banks.