To get maximum tax relief, we should invest a maximum of RM 3000 in any PRS fund. However, RM 8.00 of annual fees will be deducted from our investment amount.

So, which one of the following is correct to get maximum tax relief, with the lowest investment amount?

a) Pay RM 3008.00 to FundSuperMart, out of which RM 3000 is invested into the PRS fund, and the remaining RM 8.00 is paid to PPA, or;

a) Pay RM 3000.00 to FundSuperMart, out of which RM 2992 is invested into the PRS fund, and the remaining RM 8.00 is paid to PPA.

Thank you for your advice.

Eh I signed up and paid RM1000 on Tuesday night. Till now Thursday still didn't get anything from PPA/PRS. Don't even know whether my order for the fund went through or not :/

Thank you!
I have 3 PRS, thought buying with bank will be least charges, kena slapped with 3% SC, whereas FSM is 0% 
Through agents is 1.5%, but they said they will help you monitor 

Yeah exactly, just buy from FSM,
wonder if I'll be charged RM10 again if I sign up the same CIMB PRS with FSM when I already opened one with CIMB last time, hopefully not (but RM10 is minimal)

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Happy boh?

who or what is Nobita?

LOL thank you, seems like I will give him a new nickname now

The only reason why I'm putting some money into PRS every year coz it's income tax deductible...Not much though, only RM3k, but then again, better than nothing.

Guys anything about PRS in the budget?
I'm looking around but not found any.

LYNers, stupid question but I just registered online for PRS but how do I get my PPA account number to login online?

I have input as below:
User ID PPA<NRIC>
Telephone number

And when I click submit, it appear this "You have not yet register your email address. Please contact 1300-131-772 for assistance. (1005)".

How do I register my email address?

Went to AIA recently and they told me abt their PRS. Apparently they have a promo for walk in customer, no 3% sales tax until end of the month. Any good?

Anyone knows how to switch fund for CIMB PRS account? 

The fund I have put my money in keeps dropping since the beginning, thinking to switch fund now..

You mean don;t need to do it via CIMB? I opened my account thru them via walked in to the bank.

PRS offers contributors the choice and flexibility to switch their fund if they underperform expectations and/or even transfer their funds to another Provider. This will ensure that the contributor’s retirement and investment objectives are aligned, not mismatched and ultimately realised.

Switching occurs when a Member requests for a transfer of the existing PRS fund invested in to another PRS fund in the PRS scheme of the same PRS Provider.

Transfer occurs when a Member requests for a transfer of the existing PRS fund invested in to another PRS fund in the PRS scheme of another PRS Provider.

PRS Members are allowed to switch between funds in the scheme or transfer the accrued benefits to another PRS fund of another PRS Provider, subject to the terms and conditions as specified in the scheme’s disclosure document. Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one.

Transfers can only be instructed between Providers after the first year of subscription to the PRS from the date of first contribution.

URL: https://www.ppa.my/joining-prs/Other-Important-Information/

hi sifu-sifu,

For public bank PRS fund, is switching among public bank PRS funds incur charges (switching fee) ?

Also, how soon switching can be done if I just enroll for one of its PRS fund today? Is it I have to wait a number of days before I can do switching?

Time to move everything into the most conservative funds. Can anyone here advise which one is the most ultra conservative in which the exposure to equity is limited? Best is a fund that is 100% based on government guaranteed bonds.

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