Outline ·
[ Standard ] ·
Linear+
Private Retirement Fund, What the hell is that??
|
SUSDavid83
|
 Nov 26 2018, 07:27 AM
|
|
QUOTE(ryan95 @ Nov 26 2018, 01:24 AM) As a fresh grad who doesn't have to pay tax yet, should I invest RM 1000 to get the youth match? I want this to be a long-term investment and can stomach moderate risk. Thing is, I don't have much capital but I felt that the free RM 1000 made it more worthy than other investments. Based on recent posts, this seems like a bad idea, any thoughts? It's better to act fast. Not just if the youth inventive will be continued. Even your're eligible for tax, the amount of tax you can save for monthly income up to RM 5k from PRS contribution is not a lot. This post has been edited by David83: Nov 26 2018, 07:37 AM |
|
|
|
|
|
SUSDavid83
|
Dec 1 2018, 07:56 PM
|
|
|
QUOTE(Yamy @ Dec 1 2018, 07:54 PM) How do i buy PRS from new provider? I log into my PRS service portal and found that i can't find any option offer to switch to other provider. I can only top up with my current PRS provider account only. Reason being thinking of switching is my current provider didn't perform well for the pass years. You can only buy other PRS providers fund from PPA website. Not making sense for a PRS provider to sell a product from competitors. Alternatively, you can buy from other middleman website like Fundsupermart. This post has been edited by David83: Dec 1 2018, 08:00 PM |
|
|
|
|
|
SUSDavid83
|
Dec 1 2018, 08:40 PM
|
|
|
QUOTE(Yamy @ Dec 1 2018, 08:38 PM) Oops.. i tot this is a common platform for all types of PRS fund? Correct me if i am wrong.  This is PPA website. Apparently PPA only allows you top-up to existing PRS fund(s). This post has been edited by David83: Dec 1 2018, 08:43 PM |
|
|
|
|
|
SUSDavid83
|
Dec 1 2018, 11:21 PM
|
|
|
QUOTE(terrysoh @ Dec 1 2018, 10:59 PM) Dear Bros, Just wanna confirm, the last day to buy PRS to enjoy tax relief is 31 December 2018 ? Or is there another date? Of course no other dates. It also depends on PRS provider earlier cut off date especially new sign up or new PRS fund. Topping up shouldn't matter by earlier cut of date. This post has been edited by David83: Dec 1 2018, 11:43 PM |
|
|
|
|
|
SUSDavid83
|
Dec 4 2018, 04:48 PM
|
|
|
QUOTE(psyduck89 @ Dec 4 2018, 04:42 PM) we can have multiple fund?? Of course you can! |
|
|
|
|
|
SUSDavid83
|
Dec 4 2018, 04:52 PM
|
|
|
QUOTE(psyduck89 @ Dec 4 2018, 04:50 PM) i see.. I just dumped 1k into cimb asia pacific fund few weeks back...  If you invest/topup more than 1 funds per calendar year, you'll be charged RM 8 annual fee per PRS provider. Unless you're investing into funds from the same PRS provider. This post has been edited by David83: Dec 4 2018, 05:19 PM |
|
|
|
|
|
SUSDavid83
|
Dec 4 2018, 05:21 PM
|
|
|
QUOTE(psyduck89 @ Dec 4 2018, 04:54 PM) I see... which mean one month only one foc top up ? PPA fee is charged annually per calendar year. It's advisable to concentrate on only one PRS provider per calendar year. QUOTE(virgoguy @ Dec 4 2018, 04:57 PM) So I invest back to the same PRS fund then I don't get charged RM8? Will be charged. If you invest into 2 funds from different providers per calendar year, you'll be charged twice: RM 8 x 2 |
|
|
|
|
|
SUSDavid83
|
Dec 4 2018, 06:43 PM
|
|
|
QUOTE(virgoguy @ Dec 4 2018, 06:41 PM) so meaning, if I buy another new PRS but not touch the existing one, then I only need to pay RM8? Yes. As long as you make contribution to any of the existing fund, you need to pay RM 8. This includes buying a new fund. This post has been edited by David83: Dec 4 2018, 06:44 PM |
|
|
|
|
|
SUSDavid83
|
Dec 5 2018, 01:38 PM
|
|
|
QUOTE(addylee @ Dec 5 2018, 01:25 PM) which prs provider can pay by credit card and perhaps with free gift (after top up of 3k)? Which PRS provider accepts credit card?  |
|
|
|
|
|
SUSDavid83
|
Dec 9 2018, 01:43 PM
|
|
|
QUOTE(aurora97 @ Dec 9 2018, 01:42 PM) This comes from PPA not government. |
|
|
|
|
|
SUSDavid83
|
Dec 9 2018, 01:51 PM
|
|
|
QUOTE(aurora97 @ Dec 9 2018, 01:49 PM) Does skim belia i.e. rm 1k comes directly from gomen as well? Of course. Announced in previous Budget. |
|
|
|
|
|
SUSDavid83
|
Dec 9 2018, 01:58 PM
|
|
|
aurora97 Dude, can you use multi-quote?
|
|
|
|
|
|
SUSDavid83
|
Dec 9 2018, 09:24 PM
|
|
|
QUOTE(aurora97 @ Dec 9 2018, 01:52 PM) Affinhwang. See jompay. Ask agent for drtails. Done it. Details below: Online Transfer for PRS: 1. After login into online banking, select "bill payment" 2. Select "Jom Pay" 3. Key in your particular 4. PRS biller code: 9563 5. Beneficiary name: Affin Hwang Asset Management Berhad- PRS 6. Reference 1: your ic number 7. Reference 2: your mobile number 8. Email to me the online receipt: ... If PRS fund is not bought directly from Affin Hwang, can use this method? What is the SC charged by Affin Hwang for its PRS funds? Currently I'm buying through FSM and it's 0% service charge. |
|
|
|
|
|
SUSDavid83
|
Dec 10 2018, 03:57 PM
|
|
|
QUOTE(diversity @ Dec 10 2018, 03:30 PM) so what happened in the end ya? Already paid 1k and done, now saying my email is not registered? Call PPA CS to enable the first time account registration to PPA website if you failed to do the First Time Login wizard. This post has been edited by David83: Dec 10 2018, 03:57 PM |
|
|
|
|
|
SUSDavid83
|
Dec 12 2018, 10:45 PM
|
|
|
QUOTE(jianwei90 @ Dec 12 2018, 10:42 PM) I have signed up via fundsupermart, just wondering if there is no charges, why would fundsupermart help us to submit our fund? What do they get in return. Join the FSM day and remember to ask them that question. URL: https://www.fundsupermart.com.my/main/resea...t-in-2019-10421 |
|
|
|
|
|
SUSDavid83
|
Dec 18 2018, 04:05 PM
|
|
|
QUOTE(wenqing @ Dec 18 2018, 04:05 PM) Hi.if i just purchase the prs approved fund from fundsupermart, goverment will automatically bank in another 1k to me(first time buyer here) or i need to will up some form to apply? Automatic. |
|
|
|
|
|
SUSDavid83
|
Dec 18 2018, 10:56 PM
|
|
|
QUOTE(dentalfloss @ Dec 18 2018, 10:50 PM) For purchase of prs, may i knw is there any difference of buying it from CIMB OR Public bank? The fund performance is obviously different. |
|
|
|
|
|
SUSDavid83
|
Dec 19 2018, 07:13 AM
|
|
|
QUOTE(Secret Hunter @ Dec 19 2018, 07:11 AM) My PPA application just got rejected Whats should I do next? Can I just walk in to any branch? Or apply thru FSM? You should go back to the original channel that you apply/buy from. |
|
|
|
|
|
SUSDavid83
|
Dec 29 2018, 04:19 PM
|
|
|
QUOTE(mephyll @ Dec 29 2018, 04:14 PM) Am i too late to top up my prs by next monday? 31 Dec via fundsupermart Top up shouldn't be a problem. By 11am |
|
|
|
|
|
SUSDavid83
|
Dec 29 2018, 09:11 PM
|
|
|
QUOTE(MNet @ Dec 29 2018, 08:08 PM) Yes u are too late. if u pay at 31 dec, the contribution will for FY 2019 not FY 2018 FSM said early cut off is meant PRS new account registration. I think if you top up and pay by 11am, I think should be able to consider as 2018. |
|
|
|
|
Quote
0.1250sec
0.37
7 queries
GZIP Disabled