![]() What do I need to bring along when applying for SBP? You will need to bring along your NRIC or Passport & Work Permit / Employment Pass (for foreigners) and a valid bank account number that you want to use for the Inter-bank GIRO deduction. Alternatively, you can apply online by the following steps: Login to POEMS > Acct Mgmt > Regular Savings Plan (RSP) > Share Builders Plan. The purpose of the trading account is to facilitate your share liquidation from SBP in the future. If you do not have a trading account with Phillip Securities Pte Ltd (PSPL), you will need to open one. How do I participate in SBP? You may complete an SBP Application Form together with an Interbank GIRO Application Form. For joint application with a child below 18 years old, a copy of the birth certificate must be submitted during application. Either one of the specimen signatures of both applicants is authorized and empowered to act in accordance to the terms and conditions binding SBP. Does SBP allow joint application? Yes, SBP allows joint application. Individuals below the age of 18 years old must open a joint SBP with their parent / legal guardian only. ![]() Application Who is eligible to apply for SBP? Anyone above the age of 18 years old can apply for SBP. With such a disciplined and consistent method, you will eventually build up a portfolio of stocks in average cost. ![]() And it is especially useful in hedging against market volatility. ![]() This investment method is known as dollar-cost averaging. You purchase more units when the price is lower and fewer units when the price is higher. What is dollar-cost-averaging method of investment? By investing a fixed amount of funds consistently every month over a period of time, dollar cost averaging benefits you regardless of price fluctuation. Therefore, you do not need a huge amount of funds to invest at a time. General What is Share Builders Plan (SBP)? Share Builders Plan is a regular fixed-dollar amount investment plan which enables you to buy shares on a consistent and incremental basis so as to build up a portfolio of securities for yourselves eventually. ![]()
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