actually isit worth it to lock up your money for so long just for the 1k incentive?

and if I am not mistaken, you can only invest in growth funds right?
and the return is not consistently +% every year. ie: what if recession come, then the return would be -%, it also means that you are loosing money.

want to ask expert here. I have bought PRS Kenanga Fund via FSM online mid december 2018. I can see the transaction records in my FSM one account, but how can I see my PPA account no?

anyone invested in december 2018 and got the RM 1000 incentive?

Worried as now PPA already taken off  the RM 1000 incentive info from their website. 

i have not

My 31st birthday will be in February 2019. I have contributed in Dec 2018. Am I entitled for the incentive? @@

I've invested in October and I've gotten it before 31.12.2018.
Just realised it today after checking the statement 

If not for the free RM 1000 and tax reduction, I won't go into this unit trust. Now it is making lost instead of gain. Is this still called retirement scheme or burn money scheme?

How u know when is cheap?

I have reverted to taking out everything under account B, taking a 8% hit, and moving on.

I take it as a discounted income tax savings. No headache of hoping, wishing, praying.

That unfortunately has to happen with the balance 70%. At least mitigate the risk.

Not impatient. Just don't believe that it works as it totally contradicts retirement principal - just take a look at EPF. With a minimum guaranteed of 2.5%, that is what retirement should be - safe and steady without the need for any fees. EPF manages billions of ringgit but does not charge us any investment fee and every year averages 5-6% returns!

The ONLY reason for investing is for Income Tax deduction. If this benefit does not exist, I will not have invested and maybe a few here will have second thoughts.

Try asking the PRS service providers to do it for free and only take a portion of the profits (if and when there are) and I think the majority will close shop.

i still yet to receive my RM1000 incentive bonus from PRS/PPA.

I bought in to the fund in December 2018 for RM1000.

Will receive in Q2 i think, based on the email reply by PPA.

PPA website says otherwise, prs youth free 1k link is invalid and removed

Hi all, I purchased RM1k of Kenanga PRS Growth Fund via PRS website just to get RM1k youth incentive from govt. However, Kenanga PRS Growth Fund NAV really drop like shit. I am thinking want to buy Affin-Hwang/M+ PRS fund via PRS website and failed. Should I go to their individual website to buy their PRS fund?

Appreciate someone can help.

I have a question regarding tax relief with PRS which I couldn't find the answer from their portal. If say I am already >55 years old, but still running a business.

Can I put RM3000 by this year, claim for 2019 tax assessment, then withdraw in 2020, and put back in Rm3000 by Dec 2020 to claim for 2020 tax assessment?

Which means I only need a capital of RM3000 to claim tax relief continuously up till year 2021? As I have hit the retirement age. Wow. I couldn't find anything that says it requires a certain holding period.

yup, looks like a loophole. i'm aiming to do like that too when 55 and if the SOP is still the same
ie.
a. place $3K into PRS fixed income type thus low/no fluctuations Nov
b. take back out coming Feb
repeat (a.) & (b.)

0% Service Charges
+
aim for Fixed Income type thus probability of fluctuations lower

i think it is just a rebrand Unit Trust that lock you up for 30 years or more until retirement