thank you for your link.

by the way, i couldnt see HLA in the list, does that mean if i purchase the PRS from HLA, i cant get tax relief?

If I'm not mistaken, HLA is not a PRS provider.

I think the HL one is the Deferred annuity plan
which you can also get the tax relief.....btw...the tax relief is till 2021 only...
http://www.fundsupermart.com.my/main/resea...?articleNo=4029

What’s the Difference of Private Retirement Scheme and Deferred Annuity Plan?
Read More http://kclau.com/retirement/prs-da/ - See more at: http://kclau.com/retirement/prs-da/#sthash.Sa4jNMb5.dpuf

With the PRS, you are not committed to contribute a fixed sum of money to the fund annually, ie. which means that you have greater flexibility in determining how much you want to contribute to the fund, if you are the type who are not overly concerned about the personal relief for tax purposes. While in the case of the deferred annuity scheme, you would have committed yourself to contribute a fixed amount (say, RM3,000) for the next 10 years.

http://malaysiantaxation101.com/2013/01/pe...ferred-annuity/

ohhh..so its 2 different thing..HLA agent is telling me that the return is 10.78%..thats seems to good to be true?

Before you buy, indeed is 11%. Once you buy, if they are giving 1.078% you shall feel thankful that HLA still willing to give some after spending your money

are there any guarantee and non guarantee parts?
did he/she combine both the guarantee and non guarantee parts together?

Mind to share details of HLA product?

i dont have much information, will check with the agent again.

bro, can mind share your experience, i dun wan caught with 10 years payment but feeling get conned pulak.

Long time get conned already, I bought it because it guaranteed minimum 5% return, since it is governed by EPF that time. So they only gives 5% excluding admin fees. So when I withdraw it and put back to EPF, the return average at 3% while EPF for the same period of 8 years got 5%.

HLA only has deferred annuity, and only in the form of rider. means you have to buy another basic insurance plan. it is called evercash 60.

not possible they have 10%+ return on the DA. deferred annuity still has the tax relief benefit, but i think one should consider that DA is also meant for longer term.

if one is purely looking for tax relief, HLA is not good choice.

PS: the other guy no experience, just always BS-ing about insurance con him, etc...

This post has been edited by adele123: Jul 21 2015, 03:43 PM

Online platform for PRS as AUM yet to hit RM1b mark

KUALA LUMPUR: When it was first launched in 2012, the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), was expected to hit RM30.9 billion in assets under management (AUM) in 10 years — that’s an average of RM3.9 billion per year.

But more than two years since, its AUM, even with eight fund providers and 47 PRS funds, stood at some RM900 million and has yet to reach the RM1 billion mark as uptakes from corporations remain low as there is no sense of urgency for them to adopt the scheme.

URL: http://www.theedgemarkets.com/my/article/o...t-hit-rm1b-mark

Public Mutual launches two private retirement scheme funds

http://www.thestar.com.my/Business/Busines...unds/?style=biz

This post has been edited by nexona88: Sep 3 2015, 05:58 PM

Top up small amount today..

A bunch of glorified EPF? Best to just invest it in properties if you have so much money for private retirement scheme, every month just pay 300-500 IF you managed to rent out and after 20-30 years the house is yours. Just remember to get the freehold ones.

below are the list of providers :
http://www.ppa.my/providers/providers-schemes/

1 noOb question; does it matter which provider we go for ?

I mean, they are all under PPA, right ?

YES, it does not matter if one are not so serious about its mandate and its performance track records.....eventhough past performance may not repeats

This post has been edited by MUM: Sep 20 2015, 01:50 PM

I am so over my head on this 1, so hopefully fellow forumers can assist me [and others who are like me] for better understanding :

[1] How long is the commitment (e.g. when can I reap the benefit of my contributions ? I suppose it is based on the retirement age as per the statutory law in Malaysia ?

[2] What is the minimum contribution, and what is the frequency [monthly, annually?]

more on this at...
http://www.ppa.my/prs/joining-prs/what-should-i-consider/
http://www.fundsupermart.com.my/main/resea...?articleNo=2965

1. It is just like investment in UT, no guarantee on when one can reap the benefit.
PRS is actually investing in chosen UT funds.