it feels good to be able to know how to use GOOGLE.

I found this on google....
http://www.ppa.my/wp-content/uploads/2016/...ive-ppa.my_.pdf

Hahhahaa. Perhaps I should re-phrase it; what I meant was, what would be the criteria to be eligible for the scheme.
I suppose it is the same the current Youth Incentive Scheme -- the only difference would be the amount given.

Read-through the PPA website, but it hasn't reflect the changes made during the Budget 2017 tabling.

I think applicable for 1st time investor only. If existing one won't get RM1k.

u can email to PPA to confirm on this

every year can only pay rm3k?

no, you can invest into PRS funds a higher amount if you can...

Suka hati you how much you want to put into the funds, but the tax relief is capped to RM3,000 only

"Notice from PPA (26/10/2016)

PPA shall update the information on PRS Youth Incentive pursuant to the Budget 2017 announcement once we have received final confirmation from the relevant authorities. For further enquiries, please call 1300-131-772 (PPA)"


Link refers: http://www.ppa.my/prs/prs-youth/prs-youth-incentive/

PRS website has yet to reflect the latest Budget 2017 tabling. I hope it is revised soonest, for clarity sakes to others, in deciding on whether to take up the PRS.

Have to wait for budget to pass first.

^ Hasn't it already?

Just notice that the PRS website was updated.
So it is official now that the Youth Incentive has increased from RM500 to RM1000.

Thanks for the updates....
surely appreciated by all.

Updated source: http://www.ppa.my/prs/prs-youth/prs-youth-incentive/

tks for the update!

hi, how do i apply for prs?
is it easier to do it via FSM or find an agent?

Easier if you walk in bank, they will do everything for you like fill in forms, choose fund they will advise. I dunno if online payment is comvenient or not. They will charge you 3% sales charge upfront.

Through fsm, you need to submit forms on your own to fsm. You can still get advise via fsm. But payment is very convenient via fsm. Fsm charges 0% upfront.

are we still eligible for the RM1000 incentive if we have already receive the RM500 incentive earlier ?

I think it's better to use FSM because of the 0% sales charge. The only downside is that you have to mail the forms to them. Just make sure you fill the forms correctly according to the samples they provided and attach the required documents, or they will call you a few days later and ask you to send them a new one again. This happened to me a few days ago because I filled the forms using blue ink, which is not allowed.

Convenient comes with price.