if you claimed for tax deduction for the year you did not contribute...in the eye of the lhdn...itu salah denda for that year involved.

will call LHDN tmrw to check on this. thanks everyone.

tax deduction for PRS should follow the annual statement ie how much you contribute in that particular year. tax deduction also follows a particular year. never heard of retrospectively deduction though. keep us updated though.

If u buy rm3k PRS, u can't claim rm3k as u need to minus ppa fee and gst charges

sure kah?
those interested to find out the correct info...can read this....
https://www.sc.com.my/home/special-incentiv...lief-incentive/

can claim

Anything difference all the PRS provider in terms of charges and performance? Any recommendation for the best PRS around among the providers?

Got. Never buy based on PRS provider. Always buy based on fund manager skills and your risk tolerance.

False info, as always

Just wondering this can yearly interest or just rely on the increase of the fund unit price?

PRS funds is also a unit trust funds...Your unit trust investment return refers to both income and capital growth where:

Income return arises from dividends earned on shares and capital gains realized on the sale of shares. The distributions (if any) will be declared at the end of each financial year and will be distributed to investors based on the total units held at the end of the fund’s financial year. The distributions will be paid to investors by cheque or reinvested on the investors’ behalf as per the distribution policy in the prospectus.
Capital growth arises from an increase in the value of the shares in the portfolio. Investors who sold the units at a higher price than the amount purchased will realise a profit and similarly investors will experience a loss if the portion of the investment sold is less than the purchase price.
The rate of returns depends on the fund’s performance. If the fund makes little or no profit, it may not pay out any distribution.

Please note that past performance, past earnings or distribution record of the Fund are neither a guarantee nor an indication of the Fund’s future performance, earnings or distributions.

for those new on Unit trust funds, and are interested to know more; can refer to this FAQs....
http://www.phillipmutual.com/help-centre/faqs/


This post has been edited by MUM: Mar 26 2018, 09:53 PM

what is the best PRS fund available in the market?
I am thinking of to utilize rm3k rebate this year.

the "best" in terms of what?
"best" returns since inception?
"best" returns since YTD?
"best" least volatile?

does it suit one appetite...?

Ok,I just top up another RM3000 into my CIMB PRS thru cimb click due to recent price drop on global issue & found out the sale charge is actually 1.5% for this time.

The CIMB Asia pacific Class A supposed to come with sale charge 3%. However since I bought it on 5 years ago, it always come with special promotion sale charge vary from 0%-3%. Anybody manage to find out the promotion sale charge TnC ?

Did anybody receive email from PPA titled "PRS Online Enrolment" 2 days ago?

The email is basically blank.
When I clicked on it, the link it directed to is also down.
Wondering what is the email about?

In terms of performance over the past ten years, I believe It's :

CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C



https://www.fundsupermart.com.my/main/fundi...ass-C-MYCPPRS5C



This post has been edited by Tham: Apr 2 2018, 11:51 PM

In terms of performance over the past ten years, I believe It's :

CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C

i just register for prs online
goin to have 30 this year
want to utilize gov rm1k incentive as well as for income tax purposes

How do you switch funds ya? I enrolled into cimb prs but not sure how to switch it to this fund

sorry i cant answer you, no idea at all about switching.
just curious why wanna switch fund? since it is super long term 20-30 years investment, by switching fund will help you earn more?