Go for Private Retirement Scheme, RM3000 per year, tax deduction RM3000 somemore~

EPF=Public Retirement Scheme
PRS=Private Retirement Scheme, which is your money manage by bank, not by EPF. So everything is transparent.

The concept is the the combination of EPF and Unit Trust. You can put in money every month (volunteering), the money will separate into Account A and B just like EPF. You can check the return by looking at the NAV of the fund on PRS provider website. Well, to me tax relief is a plus point, but can't attract me too much because what we looking at is the return of the money we put in, if can appreciate like 200% or 300%, it is really a handsome money when u retired. It is possible generate such a month of money, since this PRS is for long term, 30 years if you save from now, why not 300%? : ) All in, you have to choose wisely which bank to park your money, which fund manager that you think is good~

If you're in Penang or Kedah area, very welcome you to visit me in my office to know more bout PRS and other investment tools
I'm Equity Trader in Hwang DBS Investment Bank(Msia Market)