EPF have tax relief of up to RM6k. Not sure if you can use that RM6k to buy UT. Will try it out.

i hope U dont mind me clarifying here - our buddy.. U ask (A), he answer (B) pulak. maybe not enough coffee kua

A. If U take out from EPF A/C1 to buy EPF approved mutual fund - NO tax relief.

extra bonus info
B. If U buy PRS - "tax relief" up to MYR3K, NOT "tax exemption".
very different between the two, ask your favourite tax expert

C. There is a way to buy PRS "using" EPF A/C2 but it involves a mortgage

Hope the above clarifies / helps

Let me clarify with sifu wong. When you topup EPF, money masuk which account?

If buy straight from PPA website will it incur any sales fee?

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

But if we put RM6k into EPF and use that RM6k to invest in UT, that RM6k is eligible for tax relief right?

Wrong, impratical as u cannot withdraw all ur epf for ut investment.
Depends on the amount u have and age, the withdrawable amount is from 0% to 20% of the total epf.

Question is which PRS fund it’s eligible for EPF investment?

Putting 6k into EPF then divert to PRS to get another 3k tax relief? You think IRB would allow such loophole to exist?

Better than leaving 100% inside there earning 5-6%.

It's not a loophole.
PRS RM3k
Self contribute EPF/buy insurance = RM6k

The question is how to go about with the RM6k. I am not too sure about procedure. Will try and experiment and see.

I know My tax. No need to ask expert. But yeah, the term I use was wrong.

This post has been edited by cempedaklife: Nov 3 2017, 07:58 PM

Bro. Not sure if you misunderstand the rm6k tax relief. As long as you contribute to epf, the amount you contributed for the year is eligible for the 6k. You can check the amount you contributed in your EA form. You don't need to do anything.

That I know. My thoughts are to use that RM6k you deposited into EPF to invest into UT. Make the money work harder.

Ok. That's another topic altogether. Haha.

Which PRS fund is open to EPF investment?

U dump 6k into EPF and the same 6k invest into a PRS fund to get another 3k tax relief? Basically you are trying to get a 9k tax relief with only 6k contribution, not a loophole?

Anyway let me us know if you manage to invest money from EPF into a prs fund. I will gladly switch them over any day.

If it’s a non-PRS UT then there’s is no tax relief given at all.

This post has been edited by rapple: Nov 3 2017, 08:41 PM

No.
RM6k > EPF > UT
RN3k > PRS

Like someone else said earlier EPF withdrawal for UT investment depends on your age and account 1 balance. If you don’t have the minimum balance you won’t be able to withdraw anything at all.

I think the answer is here....
https://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#16

Hi, just wondering for the Rm3k PRS to get tax rebate, can the 1k given by government be included? It yes, i will just transfer Rm2k to the fund.

i think tax relief is based on money that you spent

do you mean the RM1000 from the Youth incentive scheme?
if yes,....try read this....
https://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#31