Withdraw your Economic Restructuring Shares now!

The Ministry of Finance has announced the final dividends for your Economic Restructuring Shares (ERS) of 10.74%. You may check your holdings and more importantly, withdraw your ERS because the final dividend has been paid out on 1 March 2008 and CPFB will only automatically credit back the monies into your bank account on 7 April 2008:

“5. Singaporeans who have previously received their GST Credits or encashed part of their ERS through their bank accounts will receive their ERS payments automatically through the same bank accounts by 7 April 2008″

The other reason to take out your money earlier is that your ERS balances EARN NO INTEREST while the CPFB “prepares” it for crediting on 7 April 2008.

So what are you waiting for? Go get back your ERS monies NOW.