How does PRS work in the long run?

I have one myself (with Public Bank) to take advantage of the RM500 government contribution. But after I deposit in RM250 to my account through http://www.ppa.my/ , they give me only RM234.08, which is 6.37% less than what I put in.

If that's the standard fees they charge for each transaction/contribution, you don't really make a lot of money in the end, after getting 6~7% off them every year, do you...? It doesn't quite make sense to me.

Is the PRS fund your first PRS investment?

If it is, a one time PPA account opening fee of RM10 (+ 6% GST) will be deducted from your investment amount.

Moreover, you will be charge an PPA annual fee of RM8 (+ 6% GST) for each PRS fund you have additional contribution for that calendar year (your first calander year where you open your PPA account is exempted from this)

And public mutual also charge sales charge from each of your contribution (depends on your funds).

To minimize the cost, you may consider invest via FSM which provide PRS funds from various fund houses (no public mutual) at 0% sales charge

The charges are 'only' 3% + gst. I believe what you see is current value of your holdings, ie, some drop in value due toto change in market.

top up via fsm...all 0%, only pay 8% annual fees for PPA.

8% or RM 8?

guys i got a question about this PRF ?

initially i start with RM 1000 and my lastest statement show less than RM 1000.
means is losing money in PRF investment.

Should i keep putting money inside or just leave it ?

Thanks.

Are you ok if the value shows lost of 20% or more from the invested amount?
If ok....no problem....then may i suggest you cont to top up.....
Else if not ok.....may i suggest you leave it there..don't top up.
But if you are hesistate.....some would says just do top up to average down the price cos PRS is for long term.

Which fund did you invest in? Public mutual or others? Via what channel did you invest in?

When did you start. The 'loss' could be due to sales charge.

Public, not sales charges.


how long do you mean ?
No sign show they could generate gain at the moment

how long?.....till your retirement age.....
unless, you're ok to pay hefty withdrawal fees on part of the invested amount...

http://www.ppa.my/prs/about-prs/prs-scheme-features/
http://www.ppa.my/prs/prs-faqs/

No sales charges from Public Mutual's PRS?
looks different here https://www.sc.com.my/prive-retirement-sche...fee-comparison/

anyhow - there are certainly annual management fees & trustee fees

Just got my FSM account activate and about to transfer money now, but read thru this forum, i am still do not wish to put my money in local investment, so i guess either AMbank pacific REIT or CIMB REIT ex Japan..
any idea how these 2 found compare to each others ?

These 2 funds are good funds as they are feeder. Cimb feeds into Cimb Principal Asia Pacific Ambank feeds into AmAsia Pacific REITS.

if you have registered at FSM, you would know that they are information about both of the funds on the website which should be useful for your understanding.

both are different nature of funds although with the same geographical focus. so, how to you compare whether guava sweeter or apple is sweeter?

use the chart centre to compare both the mother fund, ie cimb asia pacific and am asia reits etc. a good place to start is usually lower risk, higher return. but past performance does not indicate the future.

I placed in prs with public mutual. Every year top up 3k for tax relief. The damn thing is 3% charge (RM90)just for depositing my chèque. If I deposit 30k, they would have taken RM900. No wonder after 3 years still negative. Only consolation is 750 tax savings per year.

PM's PRS is not performing. I did it first year then subsequent years buy into other funds. You can top up into other funds directly via logging on to your own PPA account. Try it. Forget PM for this prs fund.

Can top up from PPA website?

just went to BandarUtama Ambank ...quite lansi the Sales...

i asking if possible to put in RM900....then she said so far only do RM3K case...zzZzzz

dont even bother to check for me the min ...just said is 1K...

right now got promo... sales charge 1%

Ambank claim that Najib 2017 announcement on PRS incentive RM1K is not confirm

If Dewan Rakyat approves the Budget 2017, then once gazatted, it'll be confirmed.
Otherwise, AmBank claim will be valid.

unknown to what suits you.....
unable to recommends.
but if you wanted it to be based on performance....try this...
http://www.ppa.my/getting-started/funds-re...nd-performance/