1. From the year you invested. Valid for Rm3k tax relief (helps to bring down your tax bracket) only. Which means if you put in RM3k into any PRS 2017, you can claim RM3k tax relief in March 2018 (income tax month). If you put in RM4k in 2017, come March 2018, you can claim only RM4k.

2. You can withdraw all out if you give up your citizenship or reach 55 years old. No penalty on that.

3. For me is worth. Why?
i) govt give you way to pay less tax, you don't want?
ii) money put into PRS is still your own money and can be withdraw in full once reach 55 years old. Money paid as tax is not your money anymore
iii) But money lock up leh... Mana bagus? That's why must choose good fund which
- able to beat inflation
- able to beat bank promo FD rates
- able to beat Amanah saham/EPF
Every sen saves from paying less tax = money available for investing

4) Nope. One way ticket for as long as tax relief is there. If no more tax relief, won't contribute. Hehehe...

This post has been edited by Ramjade: Jan 7 2018, 09:04 PM

3. Not if you can get can get an investment which give you average 10%p.a and let you pay less tax.

4. Agreed. Worst than or same as board rates FD.

Of course gain la.
- Fund return about 7% already in less than 1 year.
- Free RM1k from govt
- Decrease amount of tax I pay

That's why cannot simply choose any fund so that one pay less tax. Fund choose must be able to beat EPF RETURNS.

This post has been edited by Ramjade: Jan 9 2018, 04:59 PM

Govt do one time payout either
"The incentive will be credited on bi-annual basis and PPA expects to receive and process the pay-out within 4 months from the cut off date of 30th June and 31st December each year."

Just put max Rm3k la. Why want to pay more tax unless you don't mind paying taxes.

Better I put into PRS and pay less tax than don't put PRS and pay more tax.

He's showing you how if you make withdrawal, you get zero tax relief.

You can only get it once. Keep in mind there's allocation of RM160m

Payout happens only once on the two dates in 1 year.

Don't know. Can email PPA or FSM stuff to get more info. I emailed them before.

Got. Never buy based on PRS provider. Always buy based on fund manager skills and your risk tolerance.

Just create using FSM. Fill up the form, mail it back to them. They will open all required account for you.

Difference is timing. If you put in lump sum of RM3k and market tank, your whole RM3k affected. By spreading out your RM3k into smaller pieces, you sort of get the average price

Could also be vca, pump in when market down. Hold when market goes up.

Yes could make difference. Read one article about example of investing in STI at different time line. Both gave different returns.

You do know dividend in unit trust is just marketing gimmick right? It does nothing. Left pocket exit, enter right pocket.

Have 2 PRS. One bond fund one equities. When you think hell gonna break lose, switch over to bond fund before it happens. Another alternative is buy more when market is red. Also it's until 2021, if after that no more tax releif, no need to pay attention to PRS anymore

That I don't know as I never experiment. After all my allocation inside PRS is very small. Not worth for me to try it out and as I mentioned PRS tax incentive is until 2021 which is only 3 years away. 1 year RM3k, 3 more years =RM9k only. So if no more tax incentive, then I just close my eye and don't look at it. If they continue the tax incentive, maybe I will think best way to protect my money

But yes, that's one way of protecting your money. Find the lowest volatility bond fund and put it inside there.

This post has been edited by Ramjade: Apr 25 2018, 11:47 AM

It's RM 8.48 per PRS provider. If you have 2, then it's 2x RM 8.48. If you have 3, then it's 3x RM 8.48. As long as you topup. If you don't topup, you won't get charged.

It's RM8.48/fund. That's why you see me with only one fund as I don't believe in paying extra money unnecessarily.

This post has been edited by Ramjade: Apr 25 2018, 12:31 PM

Yes got my payout. Incentive is one time and pay off in either 2 dates of the year. Depending on when you buy your funds.

No. Will buy using FSM or eUT FPX. Free of charge. Why pay RM0.53 when you can pay RM0?

Don't know. But I avoid public mutual like a plague as their funds are usually not performing.