It's better to understand how much the bank charges for the SC first.
My guess is 3%.

Option 2: Non-PRS

Normal investment in unit trusts are not entitled to tax relief.

Only PRS funds are eligble for tax relief till 2021.

As long as it's PRS fund from PRS providers, it is eligible.
Doesn't matter the buying channel.

RM 3k max of tax relief from your aggregate annual income

This post has been edited by David83: Apr 10 2017, 10:08 AM

No problem with the website.
I tried with some dummy case. It is able to estimate the tax you need to pay for.

Anybody uses the PPA app?
Useful? Only for top up?

Their top up is using FPX Internet Banking. Each transaction charges 53 cents.

FSM is just an intermediary among collaborated PRS providers; i.e sales channel.
PRS Online is just an apps for topping up existing PRS funds you had bought.

No, you're not eligible.

PPA fee is only incurred if you perform top up or buy new fund from second year onward.

RM 8 PPA fee is charged by PPA the regulator.

What is the SC?
I doubt there's other benefits.

Received an email yesterday.
PPA encourages to perform nomination.

I don't know.
PRS is under your name according to FSM.

If tax relief expires, you can treat this instrument as forced saving.

A1: Tax relief is not based on the year of your purchase. It comes from the government budget.
The relief is going to expire in 2021. Whether it'll be extended depends on who'll be the PM or Finance Minister in 2020.

A2: Everybody has different taste/risk/requirement. It's an open ended question.

Topped up for Affin PRS Moderate today.

Will do that early next year if situation allows.

My this year quota has fully exercised. LOL

If market condition allows to do.

I feel it's a good entry point for CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C.

Its NAV below 1.0000 (0.9922 as of yesterday NAV).

First time? Or recurrent?
Suggest to concentrate on one fund house per calendar year.
Otherwise, you need to pay more than once annual fee of RM 8.48 per fund house.