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 Private Retirement Fund, What the hell is that??

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GrumpyNooby
post Dec 21 2020, 12:23 PM

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QUOTE(ironman16 @ Dec 21 2020, 12:22 PM)
sweat.gif  sweat.gif  sweat.gif

Best from which criteria ???  hmm.gif  hmm.gif  hmm.gif

take some time, read a few pages back.....may b 10 page back......
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This type of questions have been repeated again, again and again. sweat.gif
GrumpyNooby
post Dec 21 2020, 12:26 PM

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QUOTE(ironman16 @ Dec 21 2020, 12:24 PM)
thats why i suggest him read a few pages b4

but, seen like he out of time........gonna make decision fast...... whistling.gif  whistling.gif  whistling.gif
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FSM accepts new fund investment plus new PPA account opening up to 30/12/2020

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GrumpyNooby
post Dec 21 2020, 06:20 PM

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The first time Principal PRS Plus Asia Pacific Ex Japan Equity - Class C declares distribution:

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GrumpyNooby
post Dec 21 2020, 07:54 PM

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QUOTE(honsiong @ Dec 21 2020, 07:50 PM)
Oh so they automatically buy them on our behalf? Where can we see that transaction?
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It depends on your distribution instruction; by default it's distribution reinvestment.
It takes time for the extra units to appear in your PPA/PRS account. Could take up to 2 weeks.
GrumpyNooby
post Dec 22 2020, 01:21 PM

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QUOTE(ironman16 @ Dec 22 2020, 01:19 PM)
last time i mmg snail mail to them......no others choice......u try ask CS FSM if wanna confirmation
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Shared earlier that PPA is very particular with B&W and forms need to be filled in blocks and black ink.
As far as I remembered, nomination for KWSP/EPF also cannot be done online.
You need to fill the form, thumb print it and return to the nearest EPF branch/office.
GrumpyNooby
post Dec 22 2020, 04:56 PM

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Principal PRS Plus Asia Pacific Ex Japan Equity - Class C NAV (21/12/2020) dropped to 1.1815

Don't get surprised as part of it is due to distribution of RM 0.0723 per unit.

This post has been edited by GrumpyNooby: Dec 22 2020, 04:57 PM
GrumpyNooby
post Dec 23 2020, 10:05 AM

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Take note:

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Link: https://www.prsmember.my/login/

This post has been edited by GrumpyNooby: Dec 23 2020, 11:03 AM
GrumpyNooby
post Dec 23 2020, 10:57 AM

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QUOTE(CSW1990 @ Dec 23 2020, 10:55 AM)
I would like to ask on behalf of my friend on this deadline, those not yet buy PRS but would like to get the tax relief this year, still only left 23,24,28,29 four days to top up?
If new to FSM but want to buy I think too late already right? Need to submit form first
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FSM offers formless registration for new PPA account creation but choices of PRS fund is limited to 3 fund houses only.
Link: https://www.fsmone.com.my/funds/research/ar...=11419&isRcms=N


The PPA Online Enrolment is already closed for this year:
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Link: https://prsenrolment.ppa.my/

This post has been edited by GrumpyNooby: Dec 23 2020, 11:00 AM
GrumpyNooby
post Dec 24 2020, 03:11 PM

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QUOTE(chongteck @ Dec 24 2020, 03:07 PM)
Dear all, I recalled that it has been discussed before if we withdraw RM1500 this year under PRIHATIN , this amount does not impact our tax relief amount for the year 2020. To check, has this changed or did PPA come out with a written statement on this?  Thank you
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I think the withdrawal doesn't attract 8% tax penalty.

Here's the documentation:
https://www.ppa.my/wp-content/uploads/2020/...Penalty-new.pdf

However there's a note:

QUOTE
Note:
One of the prevailing terms and conditions for pre-retirement withdrawal from sub-account B is still applicable, whereby such withdrawals may only be made from a PRS fund one year after enrolment.


This post has been edited by GrumpyNooby: Dec 24 2020, 03:14 PM
GrumpyNooby
post Dec 24 2020, 03:26 PM

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QUOTE(chongteck @ Dec 24 2020, 03:18 PM)
Thank you very much for your reply. But I could not see anywhere on the statement that, you can still get tax relief from the amount contributed in year 2020 , without need to minus the amount withdrawn out under the PRIHATIN programme. (e.g contribute RM3000 in 2020, tax relief  is still RM3000, despite withdrawing RM1500 under PRIHATIN)
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As I said earlier, the PENJANA withdrawal offers tax free withdrawal not tax relief.

The tax relief is a loophole and doable if your contribution for this year goes into an existing fund that you had bought for more than a year.

This post has been edited by GrumpyNooby: Dec 24 2020, 03:27 PM
GrumpyNooby
post Dec 24 2020, 10:57 PM

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QUOTE(Ramjade @ Dec 24 2020, 10:53 PM)
Guys how to withdraw PRS from FSM under prihatin scheme!
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Contact the respective PRS provider.
GrumpyNooby
post Dec 26 2020, 02:15 PM

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QUOTE(iamkid @ Dec 26 2020, 02:14 PM)
may i know where can we view this?
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https://www.fsmone.com.my/funds/announcemen...me-distribution
GrumpyNooby
post Dec 30 2020, 11:13 AM

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QUOTE(tehoice @ Dec 30 2020, 10:55 AM)
Withdrew RM1500 without penalty under the PENJANA.

withdrawal reflected in PPA account already, but still yet to receive the money.
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Withdraw from which PRS provider?
GrumpyNooby
post Dec 30 2020, 11:46 AM

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QUOTE(tehoice @ Dec 30 2020, 11:38 AM)
Kenanga Investors Berhad.

I was so happen in KL that day, so went to do it together.
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Need to submit physical forms?
GrumpyNooby
post Dec 30 2020, 12:10 PM

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QUOTE(tehoice @ Dec 30 2020, 12:09 PM)
not too sure about others, but for KIB, yes, you can email the scan copy first, but your physical copy must reach them within 5 working days.
I see, alright then, money should be in, soon for me.
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I'm only referring to KIB.

Guess the physical copy is somehow still needed.

Thanks for the info!
GrumpyNooby
post Dec 30 2020, 02:01 PM

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QUOTE(ironman16 @ Dec 30 2020, 01:59 PM)
Try ask fsm CS, faster
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It depends on the respective PRS provider not FSM.
FSM is just middleman; PRS provider has the last say.
GrumpyNooby
post Dec 30 2020, 05:12 PM

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-deleted-

*Wrong thread

This post has been edited by GrumpyNooby: Dec 30 2020, 05:13 PM
GrumpyNooby
post Dec 31 2020, 05:24 PM

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QUOTE(ironman16 @ Dec 31 2020, 03:48 PM)
PMO is 4pm, no change.
But fsm wanna countdown 😁😁😁
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FSM needs to forward your sales to order to respective PRS provider since they're middleman while PMO is also the PRS provider.
Make sense?
GrumpyNooby
post Jan 4 2021, 03:09 PM

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GrumpyNooby
post Jan 5 2021, 08:37 AM

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The new units are already in FSM for Principal PRS Plus Asia Pacific Ex Japan Equity - Class C.
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