i remember my last experience. your PPA number is always start with "PPA" and your IC number. I never receive mail from PPA, so what I did is I email them or i select forgot password in their site.

Of course. I look at the fund which I want to buy which for PRS isn't much.

Just pick one fund. No need to look so much

hi guys

Previously ive gotten my RM500 incentive under the youth scheme..
Then, gomen announed an increase in the incentive to RM1k
for my case can i get another RM500 from the new incentive? coz i already top up my account to the minimum of RM1K

Thank you in advance for your feedback

no

i just bought prs via cimb bank
and was given class A , the staff said class C not available via bank. maybe via agent, she also not very sure about it
Sifu sekalian , is this class A as good as class c?

Owh, so rugi lah I make account awal2...
Lose the chance to get rm1k

if only u can see the future

Hahaha, correct 😂
Maybe better fortune in others 😁

Which bank is the lowest sales charge?rhb?cimb?

while waiting for responses,....you can try to check their websites?

Is this best time to enter prs fund?wasnt the price too high to enter?i’m noobie..thank you..

Since you're only going to withdraw at the age of 55, this won't be a big concern.

I have few questions regarding to this PRS,

1. How to calculate the "first 10 years tax relief" ? its start on since 2012, or the year that we start invest in the PRS ?

2. in what condition, we are able to withdraw all the amount in PRS? except for the account B 30% withdrawal with 8% penalty.

3. Is it really worth the RM3000 tax relief annually to invest on the PRS? what do u guys personally think of this?

4. Is there any PRS that can allow us to set our own duration of the investment?
for example like 10 years or 20 years later able to withdraw full amount .

1. From the year you invested. Valid for Rm3k tax relief (helps to bring down your tax bracket) only. Which means if you put in RM3k into any PRS 2017, you can claim RM3k tax relief in March 2018 (income tax month). If you put in RM4k in 2017, come March 2018, you can claim only RM4k.

2. You can withdraw all out if you give up your citizenship or reach 55 years old. No penalty on that.

3. For me is worth. Why?
i) govt give you way to pay less tax, you don't want?
ii) money put into PRS is still your own money and can be withdraw in full once reach 55 years old. Money paid as tax is not your money anymore
iii) But money lock up leh... Mana bagus? That's why must choose good fund which
- able to beat inflation
- able to beat bank promo FD rates
- able to beat Amanah saham/EPF
Every sen saves from paying less tax = money available for investing

4) Nope. One way ticket for as long as tax relief is there. If no more tax relief, won't contribute. Hehehe...

This post has been edited by Ramjade: Jan 7 2018, 09:04 PM

1. It is start to calculate from 2012, the year when PRS was introduced but as long as the investment in PRS is still small, we are confident that the government will continue the rebate beyond 2021.

2. Upon retirement age 55 or migrate to other countries.

3. Yes if your tax bracket falls in the upper bracket (more than 10%). Else you better off with other investments.

4. No. You are looking more at saving plans from insurance companies for this kind of package and usually the ROI is only mediocre.

IMHO

This post has been edited by besiegetank: Jan 7 2018, 08:59 PM

3. Not if you can get can get an investment which give you average 10%p.a and let you pay less tax.

4. Agreed. Worst than or same as board rates FD.

This post has been edited by MUM: Jan 7 2018, 09:07 PM

the 1k incentive is no longer applicable is it? i heard it's only for 2017...not sure whether 2018 still got anot?

read this.....?
Eligibility
https://www.ppa.my/prs-youth/prs-youth-faqs/

for rebate 2018, better add rm3k now or wait dec 2018 add?