Private Retirement Fund, What the hell is that??
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 May 1 2020, 07:24 PM
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#21
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama  
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FAQ on PRS Pre-Retirement Withdrawals that are Exempted from Tax Penalty 6. Can I request to withdraw all the amount in sub-account B from one or more PRS Providers? Yes, members may request to withdraw all amounts from sub-account B of more than one PRS Provider. However, for withdrawals above RM1500, the balance will attract an 8% tax penalty That mean withdraw below RM1500 is zero tax penalty right? then can withdraw and throw back again this year …? |
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May 15 2020, 06:28 PM
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#22
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama
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QUOTE(leanman @ May 14 2020, 10:39 PM) Yes, Public Mutual is very easy. I didn't have my online account initially, 1st register the online account, also very easy. Once done, just perform my withdrawal in a matter of a few clicks. I  sound very simple wey... I'm with amprs..need fill up form ...end up I lazy to do so and the fund still remain inside |
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Jan 10 2021, 02:16 PM
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#23
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama
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hello sifu's here ...
i just realize my contribution is higher than what i have right now. meaning my portfolio is in red now can we select the REITs we want to invest in? I saw mine under AMPRS-Asia Pacific REITs (Class I) |
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Jan 10 2021, 03:19 PM
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#24
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama
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QUOTE(Ramjade @ Jan 10 2021, 02:22 PM) Directly no. Fund manager is the one who decide what to buy. thanks... yet to explore other platofrmIndirectly yes. I think now there's a Manulife REIT PRS. So you can look into fund factsheet of amprs and Manulife PRS and pick the one with the REIT you want. QUOTE(AnasM @ Jan 10 2021, 02:33 PM) u buy from which platform? direct with AMPRS agent ... each top up deduct around RM8 |
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Jan 10 2021, 05:12 PM
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#25
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama
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QUOTE(ironman16 @ Jan 10 2021, 03:59 PM)  each top up cost RM8...........assume u top up rm250 each time and the top up fee cost u around (8 x100/250) 3.2%...... sales charge cost ?????? or the RM8 oledi include sales charge??? like this better accumulate fund n top up quarterly or semi yearly...... why dun find the 0% sales charge punya platform ?....  Some 2k, 1k etc All around RM8 for all. No other cost involve. My payment method ,,, credit card. I only top up this fund once a year ... Previous year working oversea ... So not really check in details what has been charged. |
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Jan 10 2021, 09:12 PM
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#26
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama
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QUOTE(GrumpyNooby @ Jan 10 2021, 05:15 PM) So the RM8 is annual PPA fee or sales charge? There is no info on statement so i can only guess what is itDon't confuse readers with half baked info.  QUOTE(ironman16 @ Jan 10 2021, 06:03 PM) Assume sales charge is 3% (+ 6% GST) n no others fee involve....( not sure got sales charge or not) yea...last year and previous year I work oversea ...so only deposit RM1K/year via credit card. ur amount invest should b RM 2904.6 Now should b less than this amount bcoz of march 2020 dip..... that is ur money, u must know  ## dun forgot u gonna pay PPA account opening fee (RM10) + Annual Management Fee (first year waive, subsequentlyis RM 8 yearly for the same fundhouse) My statement only shown deposit RM992 instead of RM1K either they directly deduct RM8 for annual management fee? I deal direct with AM PRS agent ...I remember they told me no other fee involved. gonna text her and check it out |
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