Thanks to owq's and Uncle CreateWealth8888's comments to my previous blog posts on SRS Exit Strategy and Maximising the Benefits from SRS, I had omitted to mention, for reasons discussed below, the costs of investing through the Supplementary Retirement Scheme (SRS). If you invest in shares and unit trusts, the transaction fees charged by agent banks are $2.50 per 1,000 shares/ units, subject to a maximum of $25 per transaction. In addition, there is a maintenance fee of $2 per counter per quarter. Thus, if you hold a diversified stock portfolio of say, 20 stocks, the costs can add up quickly and reduce the tax savings from SRS. The same fees apply to investments made through the CPF Investment Scheme. Assuming a 20-stock portfolio, an investor who invests once in each of the stocks would incur transaction fees of $50 and quarterly maintenance fees of $40. Total annual ......