Find an agent to do for you.

You need to fill the form for PRS funds especially for first timer.

This post has been edited by David83: Dec 11 2017, 04:39 PM

Class C, A and X are catering for different sales channel.

Retail, Institutional and Corporate.

Class A - Subject to the PRS Provider’s absolute discretion, Class A is for an individual who has
attained the age 18 years as of the date of opening a private pension account.
Class A and Class C have different Sales Charge and Management Fee.

Class C - Subject to the PRS Provider’s absolute discretion, Class C is for an individual who has
attained the age 18 years as of the date of opening a private pension account.
Class A and Class C have different Sales Charge and Management Fee.

Class X - Subject to the PRS Provider’s absolute discretion, Class X is for a Member who
participates via his/her employer and is subject to a minimum of 200 participating
employees per employer or 50 participating employees under payroll deduction per
employer.
Class X has no Sales Charge.

This post has been edited by David83: Dec 15 2017, 07:12 AM

Since you're only going to withdraw at the age of 55, this won't be a big concern.

I thought the relief is given to tabungan bersih = net saving; i.e fresh fund.

They calculate in such manner?

You should check with FSM.

Since he mentioned that he submitted the form via FSM, he should have checked with FSM instead of us in here.

Of course NO!

Who told you that for SSPN, they take the outstanding balance for tax relief purpose.

For SSPN, you need to use net deposit (tabungan bersih) NOT the balance of the starting year of assessment.
Meaning, each you need to deposit a fresh fund in order to claim for tax relief.



http://www.hasil.gov.my/bt_goindex.php?bt_...nit=1&bt_sequ=1

This post has been edited by David83: Mar 18 2018, 01:31 PM

No trick.
PRS is tied to your PPA account.
If they want to audit, it's so easy to access your PRS statement from PPA.

It's your decision. I'm not influencing you.
I'm stating the fact.
Those auditors are human; they may overlook too.

Anyhow, I should say that PRS annual statement is a consolidated statement which doesn't break to contribution year.
The consolidated statement only breaks down to PRS provider and Fund level.
For tax relief purpose, you should use the annual statement from the PRS provider/fund house.

This post has been edited by David83: Mar 18 2018, 01:47 PM

Did anybody receive email from PPA titled "PRS Online Enrolment" 2 days ago?

The email is basically blank.
When I clicked on it, the link it directed to is also down.
Wondering what is the email about?

If your PPA account is created, you should have letter form PPA.
Alternative, call/email to check on your account creation status.
They're very friendly. I contacted them before.

P/S: FSM is just a middlemen.

If no contribution made to that particular PRS fund in a calendar year, no AF of RM 8 will be charged.
You can focus on PRS fund A this year and another PRS fund B next year.

Unit Trust or Mutual Fund

mekboyz PRS = UT/MF in EPF way

UT=unit trust
MF=mutual fund

Since FM doesn't want to re-invent the wheel, they mainly feed the contribution from PRS fund to existing UT/MF under their products offering.

What referral number?
Or you meant your PPA account number?

Work like EPF:

1.Long term investment solely for retirement purpose.
2. Divide into 2 accounts: Account I (A) or II (B).
3. Withdrawal at the age of 55
4. Tax relief up for 10 years till YA2021

Intrinsically it is still a unit trust or mutual fund

1. Gain through NAV appreciation
2. Income distribution (dividend) is meaningless (money out from left pocket goes back to right pocket
3. Income distribution could be annual or incidental (read/refer to the fund datasheet)

This post has been edited by David83: Sep 21 2018, 02:54 PM

Yes.
But seldom UT will end up like that after 20 to 30 years.