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Is GST applicable to Syfe’s fees?

Yes, Syfe is a GST-registered entity, and Goods & Services Tax (GST) is applicable to certain fees charged to clients residing in Singapore, in accordance with IRAS regulations.

Managed Portfolios & Cash Management Fees

  • GST applies to the management fees charged for:
    • Managed Portfolios (e.g., Core, REIT+, Income+)
    • Cash Management Portfolios (e.g., Cash+ Flexi, Cash+ Guaranteed)
  • Fees range between:
    • 0.25% to 0.65% p.a. for Managed Portfolios
    • 0.05% to 0.20% p.a. for Cash Management (based on pricing tier)
  • Management fees are exclusive of GST and are calculated based on the higher of assets under management (net worth) or invested amount.
  • Your Syfe statement will show GST as a separate line item.

Brokerage Fees

  • GST is applied to brokerage commission fees as follows:
    • US market: GST applies only to trades outside of your free trade allowance.
    • SG market: GST applies to all trades, regardless of trade volume.
  • No platform fees are charged for Syfe Brokerage.

GST is applied at the prevailing rate and reflected accordingly in your statements.