who knows what fund you are gonna get and what are the returns it will gives at end of 2018....
who knows if this RM3K is really a surplus and does not make a dents in one's daily/mo monthly financial cashflow....?

you are eligible to receive the RM1,000 PRS Youth Incentive if you contribute a minimum of RM1,000 before you reach the age of 31 years between the period of 2017 to 2018.

To 2018... so still eligible right?

Q: WHO IS ELIGIBLE FOR THE PRS YOUTH INCENTIVE?

A: • For Malaysians only.
• Aged 20 and above but have yet to reach the age of 31.
• Accumulate a minimum gross investment amount of RM1,000 in a single PRS fund of a single PRS provider within a calendar year, between 2017 till 2018.

Mr. A will be turning 31 on 27 December 2017. He has invested RM1,000 gross amount in PRS X on 2 January 2017. Mr. A will be entitled to the RM1000 incentive from the Government as he made the contribution when he was 30 years old and within the period of 2017 to 2018.*

*Kindly make your contributions at least 1 month before your 31st birthday to allow your application to be processed in time for you to be eligible for the RM1000 incentive.

https://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#27

This post has been edited by yklooi: Jan 8 2018, 12:31 PM

Planning to purchase soon and turning 31 on 4th April 2018, is it still eligible for RM1000 incentive?

This post has been edited by Kilohertz: Jan 8 2018, 01:38 PM

Yes, do it soon. If you just wanna get the 1k incentive, invest 1k. If you wanna maximize your tax return, invest 3k.

if you replaced the birth date on the above example....and depends on when you intend to "enter"....what do you get?

if not sure,...get a confirmation from the the companies?.......if i say YES...would you believe me? i have no implications to YES or NO...

I take your answer as you don't know, will check with the company then. Thanks!

Paper gain.

Of course gain la.
- Fund return about 7% already in less than 1 year.
- Free RM1k from govt
- Decrease amount of tax I pay

That's why cannot simply choose any fund so that one pay less tax. Fund choose must be able to beat EPF RETURNS.

This post has been edited by Ramjade: Jan 9 2018, 04:59 PM

as per now is gain

* i got 500 incentive from government

what month was it credited to your account?

Govt do one time payout either
"The incentive will be credited on bi-annual basis and PPA expects to receive and process the pay-out within 4 months from the cut off date of 30th June and 31st December each year."

Dollar-cost averaging (DCA) is an investment technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. The investor purchases more shares when prices are low and fewer shares when prices are high.


purchase some every month over the year. if malas lump sum 3k lor.

took 5 months

on paper gain 16.2%.

invested 3k each year for 3years on the row already.

dont forget your tax relief and free movie tickets.

which fund?

THis is my only concern.

On paper I know for sure it will be a gain...

Just worried my money will still be there when I actually retire...

same dilemma some people had with their fear of EPF....

Yup... I would put more in EPF if I'm closer to retirement... but I have quite a logn way to go.. too much uncertainties...

yes,...that includes staying healthy and have a healthy lifestyles