How much in fees do I have to pay to invest my CPF? (SG)
CPF Ordinary Account (OA) Portfolios (1) The Endowus Fee: An Access fee paid to Endowus for investment advice, portfolio creation and rebalancing, brokerage, and transfers.
From 1 April 2023, Endowus will begin charging GST on the Endowus Fees. Fees that are due before 1 April 2023 will not be charged GST.
The Endowus Fee is paid per annum based on assets under advice (AUA): 0.40% flat fee for any amount. * Please note that the Endowus Fee for CPF portfolios will be deducted directly from existing CPF investment portfolios.
(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: These are charges levied by the Agent Bank of your CPF Investment Account (DBS, UOB, OCBC)
Transactions (buy or sell): S$2 - $2.50 per transaction on a portfolio basis. No transaction fee will be charged for switching/rebalancing of portfolio
Service charge: S$2-2.50 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 GST applicable, and subject to change by the respective Agent Banks.