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Private Retirement Fund, What the hell is that??
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SUSDavid83
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 Apr 16 2019, 02:15 PM
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QUOTE(wongmunkeong @ Apr 16 2019, 02:11 PM) whale? heheh - compared to those earning less than 10K pa? http://www.hasil.gov.my/bt_goindex.php?bt_...5000&bt_sequ=11anyhow, older fart here la thus aiming for the "55 years old can take out any time" PRS thinggy. been working & paying taxes for more than 20 years, gotta optimize where we can ma BTW, compare the above local tax rates vs this https://www.guidemesingapore.com/business-g...ncome-tax-guide  Whales a lot at pinned FD thread. This post has been edited by David83: Apr 16 2019, 02:33 PM |
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SUSDavid83
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Apr 16 2019, 02:48 PM
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QUOTE(wongmunkeong @ Apr 16 2019, 02:46 PM) right tool for the right problem ma. most of us in PRS for the tax relief, which is a 100% sure-thing VS share market. ... and i'm sure some of the PRS fellows are into stocks local/foreign, bonds, properties, etc too  It's called don't put all eggs into a single basket.  |
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SUSDavid83
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Apr 30 2019, 10:40 AM
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QUOTE(ben3003 @ Apr 30 2019, 10:36 AM) i wanna ask for PRS.. the account B withdrawal tax penalty is 8% of the withdrawal amount? because if let say i invest 3k for tax relief. my tax rebate is around 700+ at maximum bracket. so i already earn 700 back, then my 3k at 30% is around 900+, so i retrieve 900 from my account b kena 8% penalty which RM72, which is still untung. Is my calculation correct? Penalties Pre-Retirement Withdrawals Is the 8% tax applied to the full withdrawal amount or the net amount minus fees/ charges? The tax penalty of 8% imposed on pre-retirement withdrawals would be applied on the full withdrawal amount. |
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SUSDavid83
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Apr 30 2019, 03:12 PM
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QUOTE(ben3003 @ Apr 30 2019, 03:06 PM) meaning based in the total amount u have inside ur account? Cannot understand I have no idea. It was quoted from PPA website. Email/Call PPA CS for clarification. |
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SUSDavid83
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May 2 2019, 10:29 AM
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The RM 1000 youth incentive has already ended right?
This post has been edited by David83: May 2 2019, 10:29 AM
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SUSDavid83
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May 2 2019, 11:01 AM
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QUOTE(BroDash @ May 2 2019, 10:54 AM) still got youth incentive meh? They have invested last year by December 2018. |
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SUSDavid83
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May 2 2019, 03:25 PM
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QUOTE(se800i @ May 2 2019, 03:12 PM) this one no more for 2019. Yes, that is what I meant. |
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SUSDavid83
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May 9 2019, 07:16 AM
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QUOTE(se800i @ May 9 2019, 07:07 AM) So year 2019 no more additional Rm 1k incentive fund given by the government rite? Only can claim income relief rite? Yes. No announcement made for the incentive extension by LGE in the Budget 2019. This post has been edited by David83: May 9 2019, 07:16 AM |
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SUSDavid83
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May 11 2019, 05:03 PM
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QUOTE(AgentVIDIC @ May 11 2019, 05:02 PM) hi guys, any recommendation which is the best fund to invest for PRS? https://www.ppa.my/prs-providers/list-of-scheme-funds/No more youth incentive, why you want to invest in PRS? |
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