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 Private Retirement Fund, What the hell is that??

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MUM
post May 3 2018, 03:59 PM

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QUOTE(real55555 @ Apr 25 2018, 12:40 PM)
Anyone received their incentive from government yet for PRS investment in 2017? I sent my enquiry to the PPA website feedback form, and the reply I got is that I will see my incentive in May this year.

I thought it should be done in January. Although the four months delay won't affect that much since this is a low risk and low return fund, but still, time frame is essential in every investment.
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QUOTE(Grevade @ Apr 27 2018, 10:40 PM)
Me too, still have yet to receive the incentive. I bought in july last year too.
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QUOTE(monoikhwan @ Apr 28 2018, 02:43 AM)
Me too. Still nothing received
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QUOTE(mephyll @ Apr 28 2018, 08:23 AM)
Wait until next week early May then will give a call to PPA and check out what happen.. i bought at end of 2017.
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QUOTE(annoymous1234 @ Apr 28 2018, 02:02 PM)
I have not gotten mine too. Registered on april last year. Government no money is it??
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Now is May..have you checked your PPA a/c?
has the youth incentives free units in your PPA a/c already?
real55555
post May 3 2018, 04:44 PM

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QUOTE(MUM @ May 3 2018, 03:59 PM)
Now is May..have you checked your PPA a/c?
has the youth incentives free units in your PPA a/c already?
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Just checked, not yet receive in my PPA a/c yet.
mephyll
post May 3 2018, 04:46 PM

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QUOTE(MUM @ May 3 2018, 03:59 PM)
Now is May..have you checked your PPA a/c?
has the youth incentives free units in your PPA a/c already?
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Negative.....
Email sent, waiting reply
AOL24
post May 4 2018, 05:09 AM

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QUOTE(mephyll @ May 3 2018, 04:46 PM)
Negative.....
Email sent, waiting reply
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Please keep us updated. I applied and purchased within one fund worth RM 1K before December 2017 and have yet to receive anything as well.

This post has been edited by AOL24: May 4 2018, 05:09 AM
MUM
post May 4 2018, 08:15 AM

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QUOTE(Ramjade @ Apr 29 2018, 10:04 PM)
You guys realised that's a RM165M allocation right?  Which is = 165k people only can get it.
......
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rclxms.gif thanks for reminding/highlighting..

hmm.gif has the limits being reached?

hope those forummers that had been waiting for the youth incentives can keep us posted about the status of replies from PPA.....Thanks notworthy.gif
55665566
post May 4 2018, 10:04 AM

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heard my prs with public mutual will be charged 1.68% annually. true?
Anyone know can we move public mutual prs to fsmone?
MUM
post May 4 2018, 10:28 AM

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QUOTE(55665566 @ May 4 2018, 10:04 AM)
heard my prs with public mutual will be charged 1.68% annually. true?
Anyone know can we move public mutual prs to fsmone?
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yes, you can move from PM pRS funds to another fund house.
btw, the fund that you moved into will also charge about that 1.6% +/- pa, but the good news is that, you don't get to "feel" those charges for it had been pro rated charged into the daily Navs
55665566
post May 4 2018, 10:41 AM

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QUOTE(MUM @ May 4 2018, 10:28 AM)
yes, you can move from PM pRS funds to another fund house.
btw, the fund that you moved into will also charge about that 1.6% +/- pa, but the good news is that, you don't get to "feel" those charges for it had been pro rated charged into the daily Navs
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The agent told me that PM had other benefits:
- No exit fee charged when redeem total funds.
- Have free insurance

Is that true?
MUM
post May 4 2018, 10:45 AM

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QUOTE(55665566 @ May 4 2018, 10:41 AM)
The agent told me that PM had other benefits:
- No exit fee charged when redeem total funds.
- Have free insurance

Is that true?
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if that agent told you...who am i to says otherwise, he/she should know better and you should get those freebies if provided.....

This post has been edited by MUM: May 4 2018, 10:46 AM
55665566
post May 4 2018, 11:10 AM

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QUOTE(MUM @ May 4 2018, 10:45 AM)
if that agent told you...who am i to says otherwise, he/she should know better and you should get those freebies if provided.....
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was going to move out mah since everyone say fsm is a better choice
mephyll
post May 4 2018, 11:36 AM

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QUOTE(55665566 @ May 4 2018, 11:10 AM)
was going to move out mah since everyone say fsm is a better choice
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y not just close PM PRS account, then move the fund to FSM? no switching this and that.
AOL24
post May 8 2018, 02:04 PM

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Spoke to PPA, they said the payout will be this month. Everyone can get this in writing after writing in to them personally.

So it's not an issue about the allocated budget being used up.

Few more weeks to go till May is over.
mephyll
post May 8 2018, 02:48 PM

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QUOTE(AOL24 @ May 8 2018, 02:04 PM)
Spoke to PPA, they said the payout will be this month. Everyone can get this in writing after writing in to them personally.

So it's not an issue about the allocated budget being used up.

Few more weeks to go till May is over.
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Thanks for the update.
they never reply my email. shakehead.gif
AOL24
post May 8 2018, 03:22 PM

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QUOTE(mephyll @ May 8 2018, 02:48 PM)
Thanks for the update.
they never reply my email.  shakehead.gif
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Their reply to me as follows:

"Dear PRS Member,

There are two reporting periods in each calendar year during the PRS Youth Incentive Program. The first reporting period is conducted for transactions from 1 January to 30 June and the second reporting period is conducted for transactions from 1 July to 31 December. As you have qualified for the Youth Incentive based from the records lodged by CIMB-Principal Asset Management Berhad, the incentive of RM1,000 should be credited into your PRS fund sometime in May 2018.

You do not have to apply for the incentive. PPA will monitor the eligible accounts and compile a listing of those qualified and notify the Government of the individuals eligible for this incentive.

We hope the above clarifies and should you require further assistance, kindly contact us at 1-300-131 PPA(772) between 8:30 am to 5:30 pm, Monday to Friday (except public holidays) or you can e-mail us at askPPA@ppa.my

Thank you.

Yours sincerely,

PPA





From: PRS Live
Sent: Tuesday, 8 May, 2018 1:47 PM
To: PPA <askppa@ppa.my>; ask@ppa.my
Subject: New submission from Feedback Form



This is auto-email from PRSMember.my - Contact Us"
l4nc3k
post May 8 2018, 07:08 PM

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I just got my letter from PPA after opening an account.

Is there any guide for purchasing PRS via FSM? I tried reading their guide but so confused on what form to fill and submit.

My PRS fund is from CIMB if it helps.

Thanks sifus
T231H
post May 8 2018, 07:14 PM

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QUOTE(l4nc3k @ May 8 2018, 07:08 PM)
I just got my letter from PPA after opening an account.

Is there any guide for purchasing PRS via FSM? I tried reading their guide but so confused on what form to fill and submit.

My PRS fund is from CIMB if it helps.

Thanks sifus
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maybe this can helps

How to Purchase PRS Funds
Please find the steps below for the purchase of PRS funds. Fundsupermart.com (FSM) will process your transaction once you have done the steps below.
https://www.fundsupermart.com.my/main/prs/prsForms.tpl
l4nc3k
post May 8 2018, 07:31 PM

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QUOTE(T231H @ May 8 2018, 07:14 PM)
maybe this can helps

How to Purchase PRS Funds
Please find the steps below for the purchase of PRS funds. Fundsupermart.com (FSM) will process your transaction once you have done the steps below.
https://www.fundsupermart.com.my/main/prs/prsForms.tpl
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For CIMB related, they require the Join Account Opening Form / Contribution Form.

Where to find that? I applied for CIMB PRS through the PPA portal.
T231H
post May 8 2018, 07:55 PM

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QUOTE(l4nc3k @ May 8 2018, 07:31 PM)
For CIMB related, they require the Join Account Opening Form / Contribution Form.

Where to find that? I applied for CIMB PRS through the PPA portal.
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you already had PPA a/c number and had already bought a CIMB prs fund not thru FSM ....

now you wanted to buy CIMB PRS fund thru FSM?

is ALL the above correct?
....
the CIMB forms and related action are in the link given earlier...


l4nc3k
post May 9 2018, 01:34 PM

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QUOTE(T231H @ May 8 2018, 07:55 PM)
you already had PPA a/c number and had already bought a CIMB prs fund not thru FSM ....

now you wanted to buy CIMB PRS fund thru FSM?

is ALL the above correct?
....
the CIMB forms and related action are in the link given earlier...
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Yes that is correct.

Or do I just buy the PRS fund FSM without needing to apply for anything else?

Thanks.
T231H
post May 9 2018, 02:55 PM

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QUOTE(l4nc3k @ May 9 2018, 01:34 PM)
Yes that is correct.

Or do I just buy the PRS fund FSM without needing to apply for anything else?

Thanks.
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to get the latest info and to confirm the current practice
try contact them.....


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