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 Private Retirement Fund, What the hell is that??

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alex802
post Apr 13 2017, 09:48 AM

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if buy from FSM, in case anything happen to the owner, how the beneficiary (pewaris) redeem it?
T231H
post Apr 13 2017, 09:57 AM

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QUOTE(alex802 @ Apr 13 2017, 09:48 AM)
if buy from FSM, in case anything happen to the owner, how the beneficiary (pewaris) redeem it?
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Tis type of thing...may i suggest you don't seek confirmation in forums or thru phone....bcos maybe not updated, not so reliable, no records....why not email to FSM....if n when they response...keep that as a records
low yat 82
post Apr 13 2017, 11:33 AM

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QUOTE(alex802 @ Apr 13 2017, 09:48 AM)
if buy from FSM, in case anything happen to the owner, how the beneficiary (pewaris) redeem it?
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same like other property or shares. if its PRS, u can go PPA for furtther advice. FSM is jus an agent
xuzen
post Apr 13 2017, 12:16 PM

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QUOTE(T231H @ Apr 13 2017, 09:57 AM)
Tis type of thing...may i suggest you don't seek confirmation in forums or thru phone....bcos maybe not updated, not so reliable, no records....why not email to FSM....if n when they response...keep that as a records
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For PRS and KWSP-MIS, you buy under your own name, not as a nominee account.

Xuzen
piausuk
post Apr 17 2017, 10:18 PM

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Anyone know what is the sales charge %/ amount if open PRS account via public mutual online.
MUM
post Apr 17 2017, 10:28 PM

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QUOTE(piausuk @ Apr 17 2017, 10:18 PM)
Anyone know what is the sales charge %/ amount if open PRS account via public mutual online.
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3%?....
read this to confirm?
http://www.publicmutual.com.my/LinkClick.a...0s%3D&tabid=496
RinggitSavvy
post Apr 17 2017, 10:42 PM

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QUOTE(piausuk @ Apr 17 2017, 10:18 PM)
Anyone know what is the sales charge %/ amount if open PRS account via public mutual online.
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If I am not mistaken, self contribution via Public Mutual Online is 0% sales charge, but there will be an account opening fee of RM10.60 (Inclusive of 6% GST) for one time only.
piausuk
post Apr 17 2017, 10:42 PM

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QUOTE(MUM @ Apr 17 2017, 10:28 PM)
Thanks, i can see a lot of fee need to pay per year.
According to this 3%, means if we invest 1K, public mutual only receive RM 970, will it consider 1K and still entitle the 1K incentive?
As i know, we can open PRS account via publicmutualonline and payment via FPX.
MiKE7LIM
post Apr 17 2017, 10:43 PM

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happen to sign am prs with prs agent, no any fee but just the rm10.6 for open account with gst..
MUM
post Apr 17 2017, 10:46 PM

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QUOTE(piausuk @ Apr 17 2017, 10:42 PM)
Thanks, i can see a lot of fee need to pay per year.
According to this 3%, means if we invest 1K, public mutual only receive RM 970, will it consider 1K and still entitle the 1K incentive?
As i know, we can open PRS account via publicmutualonline and payment via FPX.
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970 is the nett....
stated gross contribution......
http://www.publicmutual.com.my/prs/PRSYouth.aspx
alex802
post Apr 18 2017, 10:40 AM

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U buy from what PRS provider?



QUOTE(MiKE7LIM @ Apr 17 2017, 10:43 PM)
happen to sign am prs with prs agent, no any fee but just the rm10.6 for open account with gst..
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MiKE7LIM
post Apr 19 2017, 12:05 AM

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QUOTE(alex802 @ Apr 18 2017, 10:40 AM)
U buy from what PRS provider?
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Amprs...ambank
effectz
post Apr 19 2017, 01:52 PM

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QUOTE(MiKE7LIM @ Apr 19 2017, 12:05 AM)
Amprs...ambank
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Me too
vampire_empirez
post May 3 2017, 12:43 PM

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I'm still new and not so smart. Can anyone recommend me which provider should i go? since i'm not really understand much about PRS, but i do interested in getting 1k fund from gov. smile.gif
T231H
post May 3 2017, 01:28 PM

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QUOTE(vampire_empirez @ May 3 2017, 12:43 PM)
I'm still new and not so smart. Can anyone recommend me which provider should i go? since i'm not really understand much about PRS, but i do interested in getting 1k fund from gov. smile.gif
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since you are frank.....may i suggest you read up on some PRS articles including the T&C on the RM1000 ...before you decide which/what to invest.....
examples....
https://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

http://www.kenangainvestors.com.my/KIB/KIB...OnePRShome.aspx

http://www.cimb-principal.com.my/prs/

more on google.
yayai
post May 12 2017, 01:02 PM

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Hi can any sifu confirm if the tax relief for PRS is going to increase in the coming years?

I only know the RM3k tax relief is until 2022 only, cant find anywhere stating it will increase after that.
Ramjade
post May 12 2017, 01:07 PM

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QUOTE(yayai @ May 12 2017, 01:02 PM)
Hi can any sifu confirm if the tax relief for PRS is going to increase in the coming years?

I only know the RM3k tax relief is until 2022 only, cant find anywhere stating it will increase after that.
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Actually it's until 2021. After that it's up to govt want to extend or terminate it totally. I am guessing they will terminste it. A tax relief given = less tax earned. sad.gif
alifhezrey93
post Jun 15 2017, 12:30 PM

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hi guys, want to ask, I plan to join PRS thru public mutual, every month must transfer money to PRS or can skip this month put RM100, next month RM50 or 0?
T231H
post Jun 15 2017, 12:42 PM

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QUOTE(alifhezrey93 @ Jun 15 2017, 12:30 PM)
hi guys, want to ask, I plan to join PRS thru public mutual, every month must transfer money to PRS or can skip this month put RM100, next month RM50 or 0?
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hmm.gif how much is the sales charges of this Public Mutual PRS fund?

ckdenion
post Jun 15 2017, 05:51 PM

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QUOTE(alifhezrey93 @ Jun 15 2017, 12:30 PM)
hi guys, want to ask, I plan to join PRS thru public mutual,

every month must transfer money to PRS or can skip this month put RM100, next month RM50 or 0?
not necessary
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you can do a one off (just open an account with minimum of RM1k) and leave it there also can. after that it is your choice to put in when you want to. there is no fix commitment to it. but if you will like to secure retirement fund (something extra from EPF), you can choose to also auto debit into that PRS account every month.

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