Private Retirement Fund, What the hell is that??
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 Jul 7 2018, 09:38 AM
Show posts by this member only | IPv6 | Post
#2781
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Senior Member
4,816 posts Joined: Apr 2007  
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QUOTE(thlo87 @ Jul 7 2018, 09:30 AM) Hi, i made my purchases up to 3k in 2017, and all in 1 fund, but has yet to receive the youth incentive of 1k ? Is anyone facing the same problem ? Pending government to allocate the funds to Ppa. Theres some discussion few posts back on this. Fund was delayed due to budget exhausted pre election, then there's the elections and government transition hence adding to the delay. |
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Jul 12 2018, 08:52 AM
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Senior Member
2,065 posts Joined: Oct 2014 From: Ipoh,Perak
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QUOTE Dear PRS Member While the Youth Incentive payment has been approved in mid-April-May, we are still waiting for the disbursement from Ministry of Finance to PPA. This is taking longer than usual as the Treasury Department is undergoing a transition. 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 Hmm.. I wonder why ADAM50 can get the RM200 incentive so fast. |
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Jul 12 2018, 09:43 AM
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Junior Member
385 posts Joined: Apr 2013 
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QUOTE(rapple @ Jul 12 2018, 08:52 AM) Hmm.. I wonder why ADAM50 can get the RM200 incentive so fast. haven't received mine as well |
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Jul 17 2018, 05:40 PM
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Senior Member
892 posts Joined: Oct 2007 From: Penang
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Hi, my wife's birthday was 17 Nov 1987 and mine was 6 Sep 1988. Are we still eligible for PRS?
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Jul 17 2018, 05:46 PM
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Junior Member
428 posts Joined: Sep 2017
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QUOTE(prescott2006 @ Jul 17 2018, 05:40 PM) Hi, my wife's birthday was 17 Nov 1987 and mine was 6 Sep 1988. Are we still eligible for PRS? Refer to PPA website: https://www.ppa.my/prs-youth/prs-youth-faqs/Individuals must be aged 20 and above but have not yet reached the age of 31 between 2017 – 2018 Today your wife is : 30 years 8 months 0 days you are: 29 years 10 months 11 days ref: https://www.calculator.net/age-calculator.h...F2018&x=78&y=32 thus until today, u and your wife are still eligible for the RM1k incentive This post has been edited by mephyll: Jul 17 2018, 05:47 PM |
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Jul 19 2018, 09:50 AM
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Junior Member
438 posts Joined: Apr 2007 From: Petaling Jaya 
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QUOTE(MNet @ Jul 6 2018, 06:04 PM) why u wan to buy from prs website not from fsm? i duno also.. i just opening the account for enrollment and they ask to choose the fund there.btw i was not charged anything. my CIMB fund all the money masuk.. got extra also coz the NAV price was higher than 1 to 1 in future any issue to top-up or buy new fund via PPA website? |
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Jul 19 2018, 09:52 AM
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Junior Member
438 posts Joined: Apr 2007 From: Petaling Jaya
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QUOTE(MUM @ Jul 6 2018, 12:44 AM) Yes, Thanks, will you please update us when you did have the numbers, see my update as above..for just 2 weeks ago, a forummer posted this.... |
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Jul 26 2018, 02:27 PM
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Junior Member
113 posts Joined: Sep 2017
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Hi guys,
I'm applying for PRS via the PPA's website. Which PRS provider is recommended? It is my first time and I'm quite unfamiliar with all these funds. I always hear people talking about CIMB / Public Mutual / Affin Hwang. Thank you & sorry if this is a repetitive question.  |
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Jul 26 2018, 08:08 PM
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All Stars
14,865 posts Joined: Mar 2015
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QUOTE(eggtart02 @ Jul 26 2018, 02:27 PM) Hi guys, according to post# 2775...there is only one provider to choose from PPA site.I'm applying for PRS via the PPA's website. Which PRS provider is recommended? It is my first time and I'm quite unfamiliar with all these funds. I always hear people talking about CIMB / Public Mutual / Affin Hwang. Thank you & sorry if this is a repetitive question. list of PRS providers https://www.ppa.my/prs-providers/ which one to recommend?  go for those that charges 0% sales charges, have agent to serves you and have the PRS funds that you wanted to buy that you liked maybe due to its past performance or it mandate fits your requirement? This post has been edited by MUM: Jul 27 2020, 04:19 PM |
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Jul 26 2018, 10:35 PM
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All Stars
24,344 posts Joined: Feb 2011
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QUOTE(eggtart02 @ Jul 26 2018, 02:27 PM) Hi guys, Use FSM MY or eUnittrust.I'm applying for PRS via the PPA's website. Which PRS provider is recommended? It is my first time and I'm quite unfamiliar with all these funds. I always hear people talking about CIMB / Public Mutual / Affin Hwang. Thank you & sorry if this is a repetitive question. Don't buy based on brand of fund house name. Buy based on what's suitable for you. i.e what are you looking for in a PRS. For me, my PRS criteria is very simple - it must beat EPF return as no point I put in PRS if I am getting less than what EPF is giving me. EPF is practically risk free money from govt. Since both is going to be lock up for a long time, I want it to at least match EPF return. This post has been edited by Ramjade: Jul 26 2018, 10:36 PM |
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Jul 27 2018, 06:34 PM
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Junior Member
21 posts Joined: Dec 2011
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Hi everyone, I'm new to this. Just want to know is this PRS worth to invest? How can I get max? N which bank/agent I should go to? Anyone kind enough to guide me? Thanks
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Jul 27 2018, 06:58 PM
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All Stars
14,865 posts Joined: Mar 2015
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QUOTE(MR.SQUIGGLES @ Jul 27 2018, 06:34 PM) Hi everyone, I'm new to this. Just want to know is this PRS worth to invest? How can I get max? N which bank/agent I should go to? Anyone kind enough to guide me? Thanks those that are between 20-30 yrs old, with high tax brackets may consider it worth to invest....for there is supposed to be a youth incentive of RM 1000 free for those that invest Rm1000 within this year for there is a RM 3000 income tax rebate. are you in these 2 category? |
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Jul 28 2018, 09:59 AM
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Newbie
4 posts Joined: Feb 2011
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If I invested rm1000 into PRS, PPA charge me RM10.60 for account opening and gst....
Do I still entitled for the RM1000 free from gov? Asked my agent and she said she not sure, ask me wait and see😅 |
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Jul 28 2018, 10:25 AM
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Senior Member
2,065 posts Joined: Oct 2014 From: Ipoh,Perak
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QUOTE(HappySunglasses @ Jul 28 2018, 09:59 AM) If I invested rm1000 into PRS, PPA charge me RM10.60 for account opening and gst.... I think most people here who invested last year that entitled, is yet to received the incentive.Do I still entitled for the RM1000 free from gov? Asked my agent and she said she not sure, ask me wait and see😅 Till now I haven't received mine. So i'm not sure whether the incentive is actually depleted or discontinued or other factors. PPA replied on 12th July 2018 QUOTE While the Youth Incentive payment has been approved in mid-April-May, we are still waiting for the disbursement from Ministry of Finance to PPA. This is taking longer than usual as the Treasury Department is undergoing a transition. |
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Jul 28 2018, 10:38 AM
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All Stars
14,865 posts Joined: Mar 2015
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QUOTE(HappySunglasses @ Jul 28 2018, 09:59 AM) If I invested rm1000 into PRS, PPA charge me RM10.60 for account opening and gst.... FAQs....Do I still entitled for the RM1000 free from gov? Asked my agent and she said she not sure, ask me wait and see😅 Q: If I invested RM1,000 and RM10 is charged as PPA fee, will I be eligible for the RM1,000 incentive? A: Yes, the gross amount of RM1,000 will be taken. https://www.ppa.my/prs-youth/prs-youth-faqs/ |
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Jul 28 2018, 02:28 PM
Show posts by this member only | IPv6 | Post
#2796
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All Stars
24,344 posts Joined: Feb 2011
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QUOTE(MR.SQUIGGLES @ Jul 27 2018, 06:34 PM) Hi everyone, I'm new to this. Just want to know is this PRS worth to invest? How can I get max? N which bank/agent I should go to? Anyone kind enough to guide me? Thanks Of course is worth to invest. You know why? Money put into PRS is still yours at the end of the day. Money paid as income tax no matter how little is kot yours anymore. Use FSM MY or eunittrust. Of course to invest in PRS, one need to make sure the return can match risk free EPF rate. QUOTE(HappySunglasses @ Jul 28 2018, 09:59 AM) If I invested rm1000 into PRS, PPA charge me RM10.60 for account opening and gst.... Can get. But see the reply given by rapple.Do I still entitled for the RM1000 free from gov? Asked my agent and she said she not sure, ask me wait and see😅 |
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Jul 28 2018, 08:00 PM
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Junior Member
113 posts Joined: Sep 2017
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QUOTE(MUM @ Jul 26 2018, 08:08 PM) according to post# 2781...there is only one provider to choose from PPA site. list of PRS providers https://www.ppa.my/prs-providers/ which one to recommend? go for those that charges 0% sales charges, have agent to serves you and have the PRS funds that you wanted to buy that you liked maybe due to its past performance or it mandate fits your requirement? QUOTE(Ramjade @ Jul 26 2018, 10:35 PM) Use FSM MY or eUnittrust. Thanks for the reply, Don't buy based on brand of fund house name. Buy based on what's suitable for you. i.e what are you looking for in a PRS. For me, my PRS criteria is very simple - it must beat EPF return as no point I put in PRS if I am getting less than what EPF is giving me. EPF is practically risk free money from govt. Since both is going to be lock up for a long time, I want it to at least match EPF return. I'm pretty new to all these funds thing and my main purpose is actually to get the gomen incentive & tax relief. Thus I'm not sure which fund should i proceed with. Though I've seen previous post other forumers have been mentioning CIMB Asia Pacific Ex Japan Equity.  Planning to get directly from the PPA website This post has been edited by eggtart02: Jul 28 2018, 08:00 PM |
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Jul 28 2018, 09:20 PM
Show posts by this member only | IPv6 | Post
#2798
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All Stars
24,344 posts Joined: Feb 2011
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QUOTE(eggtart02 @ Jul 28 2018, 08:00 PM) Thanks for the reply, If you get directly form them I think got charge. Use the 2 platform recommended. These few post said no more government incentive due to change in govt. Don't know when they will release the money. I'm pretty new to all these funds thing and my main purpose is actually to get the gomen incentive & tax relief. Thus I'm not sure which fund should i proceed with. Though I've seen previous post other forumers have been mentioning CIMB Asia Pacific Ex Japan Equity. Planning to get directly from the PPA website I bought mine before change in govt so I got the incentive. |
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Jul 31 2018, 12:44 PM
Show posts by this member only | IPv6 | Post
#2799
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Junior Member
364 posts Joined: Mar 2016
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If it's of any help, I made my contribution around early August 2017 last year and I have not received any payment yet. So anyone who's interested, please 'invest' at your own risk, despite it being 'backed' by supposedly genuine authorities. Wonder what else can they say besides the boring' change of government' automated reply.
P.S. I'm not even 30 this year and I made the 1k lump sum contribution with one CIMB Principal PRS fund. |
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Jul 31 2018, 12:58 PM
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Junior Member
75 posts Joined: Dec 2017
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Aim for the 3k tax relief.. regarding the 1k incentive, I think the gov has run out of allocation and with reduce revenue due to 0% gst.. where got money to pay now. wait until SST being implemented..just my 2 cent..
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