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?

Select fund you want, select DIY. Put 100%. Done. You only need one PRS fund. Every PRS fund will be charged RM8.48/year

Huh? RM8.48/ year for each fund?
if i have 3 funds, RM8.48 x 3 o...wa....
i thought RM8.48/year for 1 PRS account.

Then better buy only 1 PRS fund, top up RM3k/per year to get the tax relief.

That's right. Buy just one. PRS is for income tax relief. No need so many. If no more income tax relief, stop topping up.

got my 1000 incentive

I placed my order and paid for my CIMB PRS fund on 30/10. On the same day, I went to the FSM office to submit the first time PPA and PRS registration to them.

Then on today, my purchase has been confirmed, but why does the NAV I get is based on 31st, and not on 30th which is the day I paid for my order?

I got less RM13 due to the NAV difference(I know this is little considering how much I have wasted over the months, but I just want to verify which NAV I am entitled to.)

My uneducated guess is that......after having completed yr a/c opening in ppa & having confirmed a/c number.....it is after their day's transaction closing time....thus it was carried firward to the next day....

Oh i forgotten that the cutoff time for CIMB funds is at 11am, but I only deposited at 12pm. My bad.

Do you get charged the same free if you top up via the PPA site?

sorry, could not answer your post directly....
my non experience and uneducated guess is that you will still be charged as stipulated.
my reason is that someone paid to have the top up infrastructure set up, will need to recover the investment.

have to really confirm my guess/assumption with those that did the top up in PPA site.

Can I withdraw money from my EPF account to invest in PRS? Since the EPF contribution is likely to be more than RM6k for tax relief, I’m wondering if I can do so to claim for addition 3k for PRS tax relief.

assuming you had reached the permitted EPF withdrawal age.....yes then you can as it is "cash",......BUT do consider the tax relief benefits VS the loss of EPF dividend rate vs PRS fund's ROI.....

Officially no. Technically yes. How?
You can withdraw your EPF to buy UT using FSM. Lots of paperwork involve. PRS is also UT.

There is only a limited range of UT that is eligible to be purchased using epf. You cant just puchase any UT in the market. So my take is PRS is not in the list of eligible fund.

PRS Is a supplement of epf in retirement fund. Don't think they will allow you to take from one retirement fund to another.

else it will be.....

Can I withdraw from my EPF to contribute to the PRS?

The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature. Members are not permitted by law to withdraw from EPF to contribute to the PRS.
https://www.ppa.my/prs-and-you/prs-faq/

You can't withdraw from EPF to invest in PRS. But you can withdraw EPF money to invest in UT

Eg. Cimb Asia Pacific PRS is a feeder fund into Cimb Asia Pacific.

You can withdraw EPF and invest in Cimb Asia Pacific.

So technically you are investing into Cimb PRS Asia Pacific using EPF money.

EPF UT range is bigger than PRS

Quick question,

I have a Public Mutual PRS Growth Fund, and I make contributions through https://www.prsmember.my due to convenience.

Whenever I deposit RM250, only RM234.08 is credited into my PRS account.
Is it normal for the transaction fees to this much? Calculated, that's like 6.36% in fees.

quick answer: if it was yr 1st contribution for that fund this year, RM10.60 will be deducted for "annual fee", another 3%~ RM7.50 for sales charge

seems like your fund has been appreciated a little bit to RM 234.08 from RM 231.90.

most probably is the 3% Sales Charges + annual fees RM 8 + GST on both?

But if that's the case, not eligible for tax exemption for PRS, right?