Ya I think that there are few things that will not be cancelled once introduced by government, for example free money (BPN, BSH whatever just changed name only), SSPN tax relief , PRS tax relief, most other tax relief, PLKN (abolished by PH but the existing government plan to revive it).
Government will maybe even increase the tax relief limit to encourage more people to join PRS in the future.

This post has been edited by CSW1990: Dec 1 2020, 03:50 PM

I would like to ask on behalf of my friend on this deadline, those not yet buy PRS but would like to get the tax relief this year, still only left 23,24,28,29 four days to top up?
If new to FSM but want to buy I think too late already right? Need to submit form first

This post has been edited by CSW1990: Dec 23 2020, 10:56 AM

My opinion:
1. DCA, If don’t want to consider too much just DCA all the way
2. Dump 3k at year end when promotion from FSM- can earn rm40?!
3. Dump 3k when market in deep red, but this one need patience and monitor the market from time to time. If wait until Nov also no big crash, then go #2

Anyway, PRS is locked till retirement age and one just need to maximise 3k for the tax relief as the main purpose... for me I will go #3

Hmm no one can predict the future, At that time Covid just started to explode and not many people dare to enter stock market to catch the falling knifes..
But this year we already get used to the panic, I believe will be more difficult to have big crash already. Crash 10% maybe many people are already there waiting to sapu

If you are still young the PRS will lock for many years before you can withdraw so I think should just buy 3k for tax relief purpose when have the promotion like FSM one. The fluctuation not that big enough and we can’t predict what will happen in dec...