True perhaps, but it doesn't hurt to put some sort of disclaimer at the relevant web pages regarding this scheme by a certain body in charge rather than letting other interested parties be the lab rats of the scheme. The fact that this isn't done speaks volumes.

I invest that RM1k PRS youth last year also no news, it's been a year already and i'm soon 31 =.=

i invested RM1000 way earlier, maybe like 5-6 years ago.

i only received the incentive of RM500 after like 2 years after i started the investment.

so, be patience, it will be in your account.

also, we the earlier batch only get RM500 instead of RM1000 now.

Just a note:
Hwang Investment Management Bhd (HwangIM) unveiled the first PRS funds on Oct 31, 2012.
http://www.thesundaily.my/news/560938
In the 2014 Budget tabled on 25 October 2013, the Prime Minister had announced an incentive of RM500 to contributors who participate in the PRS scheme .....
https://www.sc.com.my/home/special-incentiv...lief-incentive/

PLUS the contribution cut off date and the actual incentive distributed date of (6 months) ....Thus the 2 years wait.....

I invested last year in August 2017 but haven’t get it yet until today.

Do we need to make a special application or something?

You need to make sure to u buy min RM1k.

In regards of your enquiry, we note your concerns with regards to the youth incentive payout. 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.

Their reply to me after asking about the PRS youth incentive.

for those waiting for the youth incentive scheme....GOOD news....

saw the below from another thread.....
https://forum.lowyat.net/topic/4193169/+14660#entry89899707

I invested 3k straight. But seems like nothing was given by the government.

For the youth incentive. Should I contact ppa??

read the post just above yours
and
post 14664 of this one
https://forum.lowyat.net/topic/4193169/+14660#entry89899707

Good news indeed, better late then never.
Most PRS funds trading cheaper atm too.

Edit: Just checked , got my RM 1k too, deposited on 8th August.

This post has been edited by windvind: Aug 11 2018, 09:39 PM

I didnt get any noti but instead get a receipt from Affin Hwang on the incentive.



Invest starting Mar 2017. Reach 1k in Oct 2017.

This post has been edited by rapple: Aug 12 2018, 12:23 PM

Lucky... Still nothing on my end. You checked via the mobile app or online?

Either way it should reflect in the current holdings automatically right? Assigned to the fund you initially purchased the RM 1K from, iinm?

You will receive the RM1000 incentive in the form of units. These units will automatically be credited into your sub-account A.

• The gross contribution amount of RM1000 must be come from a single fund, from single provider.

• If you have several PRS funds with multiple PRS providers that reach the minimum RM1,000 gross amount on the same date, the RM1000 incentive will be divided equally among these PRS funds.

https://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#30

Fsm & PPA both not yet reflect this units.

This post has been edited by rapple: Aug 12 2018, 02:15 PM

from FSM thread.....

This post has been edited by MUM: Aug 12 2018, 01:14 PM

i havent get the 1k
cimb prs here

me too!!! cimb just send me the statement on friday. with the new government now and country in debit, I wonder if we still will get it

Echoing the above... nothing for me either. Invested with CIMB.

Please contact your respective fund house and ask for explanation. Waiting for money to be credited is not the right way to go.