Got the answer

1) Only put this if there's tax relief. If tax relief is discontinued after 2021, simply stop. Otherwise, put max RM3k/year.
2) Depends on what you want from the fund. No right or wrong answer.
3) Just ignore the sub account and keep it lock up.

Thanks for your suggestion. I have got the answer from another person.

Doubt clear. Thank you for the answer.

If tax relief expires, you can treat this instrument as forced saving.

that were data from Germany......relevant to M'sia PRS?

Ok, I follow your advice.

Just to make things simple, I will buy CIMB PRS via Fundsupermart website.

For opening new Fundsupermart investment account, we can send supporting documents to Fundsupermart, via e-mail. But for buying CIMB PRS, as Fundsupermart Customer Service Executive insisted, I have to send the hard copy of my supporting documents to Fundsupermart, via post.

thanks for sharing this latest/current practice info....

I was waiting for the Budget to announce the increase in Youth incentive, seems like no changes?

No changes.

The RM1,000 PRS Youth Incentive will be given if you contribute in 2017 and 2018.

Yes, no changes on the youth incentive, still 1k for 1st time contributor.

Does this mean there is no change to the tax incentive for PRS overall? No extension?

Until YA 2021 if not mistaken. If there is any extension they will announce it in Budget 2020 / 2021.

Perfect, thanks.

may i know where you open your PRS account?
is it there are charges of account opening of RM10.60 & annual fees RM8.48

if online? other than FSM, any other website provide such service?
i read in FSM FAQ, there are charges:

WHAT ARE THE CHARGES TO APPLY FOR PPA ACCOUNT?

A: For first-time PPA account application, there is a PPA account opening fee of RM10.60* which will be deducted from your investment amount.
Subsequently, an annual fee of RM8.48* will be deducted from your investment amount for subsequent investment on the next calendar year. *GST 6% included.

https://www.fundsupermart.com.my/main/faq/1...eme-PRS--8865#5

Yes. Those charges are paid to PPA.

Whether you buy online from FSM or directly from other Fund Houses it's the same.

At least, FSM it's zero service charge.

This post has been edited by rapple: Nov 2 2017, 09:32 AM

You cannot run away from that cost. Only way is stop topping up. If you stop topping up, you won't get charge RM8.48.

The other site you can buy from is eunittrust.com.my but as mentioned you cannot escape the fees.

yes seems like it, just submitted the forms to purchase at FSM, extra 1k better than ntg right?

I have decided invest PRS with CIMB funds.. I saw that they have "do it for me"or "do-it-myself"options.. Which one that you guys choose? If "do-it-myself"option, how do you allocate your contributions? Any suggestions to help me decide?

Thank you

What is "Do-It-For-Me"?
Do-It-For-Me caters to those who want to leave their investment decision to the experts while building a solid foundation for retirement.


What is "Do-It-Myself"?
Do-It-Myself has been created for those who are comfortable with investment concepts and prefer to keep an active eye on their retirement investments.

You can choose from the 10 funds that best suit you, taking into consideration all your retirement planning needs and other investments you may have.

http://www.cimb-principal.com.my/prs/FAQ-@...rdian3Tier.aspx

so what do you want?