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

Any good PRS with good fixed returns. I mean something better then the fixed deposit rate if we take tax into consideration.

21%
I mean deferred annuity.
Sorry.
Well FD is currently 4.2%.

21%
I mean deferred annuity.
Sorry.
Well FD is currently 4.2%.

Yeah the sux. But then after tax relief?
Prs defeats the purpose of savings right?

The purpose of prs is to guarantee that you have savings before you retire right?what happens if say the stock market crashes. I mean I want to ensure that my investment is protected even when the stock market crashes right?

The purpose of prs is to guarantee that you have savings before you retire right?what happens if say the stock market crashes. I mean I want to ensure that my investment is protected even when the stock market crashes right?

Friends,

PRS should not be a complicqted process. You put in only MYR 3,000.00 per annum or MYR 250.00 per month if you choose to particiapte using bank standing instruction.

If you are below 40, choose growth fund. If you are above 40 years old, choose moderate. It is my personal opinion that the conservative funds are a waste of time.

The tax relief window is until 2021, and this means you only have four years of tax releif left.

For PRS growth fund, choose CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C  

For PRS moderate fund, choose Affin Hwang Moderate Fund.

For me, I started in 2012 with Affin Hwang Moderate fund because Affin Hwang was the first PRS provider in the industry. The other PRS provider came later, about six months later than Affin-Hwang. The amount of tax relief I got cummulatively so far is MYR 3,600 (MYR 720 tax relief x 5 years). The gross return for Affin Hwang moderate fund is 6.6% p.a. Annualized.

If incorporate the tax relief, (at 24% tax bracket), the annualized return becomes 14.73% p.a. Annualised.

Apa lagi lu mau?

Sh1t, I hope the govt continue with the tax relief post 2021. Better still if they increase it to MYR 6,000.00!

Xuzen

P/s Don't put anything more than MYR 3K p.a., as anything above MYR 3K, you don't enjoy the tax releif and PRS biggest selling point is the tax relief... period.

Master xuzen

Just to confirm with you, the best PRS growth fund is still CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C, right? 

And, as of now, there is still no other PRS growth fund which is better than this CIMB PRS fund, correct?

Thank again for your confirmation. Next month, I will invest RM 3000 in this CIMB PRS fund, as you highly recommended. 

You're right, CIMB PRS APAC ex-JPN Equity is the best performing fund available under PRS currently from the article below

https://www.fundsupermart.com.my/main/resea...ober-2017--9012

Sincere question :  How risky would it be for those above 40yo to invest in a growth fund ie this particular fund?    Example, has another 15 yrs to go before can withdraw PRS/retire?  its a 3k investment only.

Sincere question :  How risky would it be for those above 40yo to invest in a growth fund ie this particular fund?    Example, has another 15 yrs to go before can withdraw PRS/retire?  its a 3k investment only.

Sincere question :  How risky would it be for those above 40yo to invest in a growth fund ie this particular fund?    Example, has another 15 yrs to go before can withdraw PRS/retire?  its a 3k investment only.

Hi, I have a question here.
Let's say I invest 3k in PRS and after 1 year I found the fund price raise to >30%. Can I do anything to secure the profit?

can i know is this something to be similar to PRS? Private Retirement Scheme?

looks like a yes...but this fund house charges 3% sales charges for each buy.
where else some other fund house charges 0%

i want to know too