Private Retirement Fund, What the hell is that??
|
|
 Nov 7 2018, 11:43 AM
|
 
Senior Member
868 posts Joined: Sep 2009 From: douchistan, pekopon  
|
QUOTE(ywliang96 @ Nov 7 2018, 12:02 AM) I got this error. Register here:"You have not yet register your email address. Please contact 1300-131-772 for assistance. (1005)" is it normal?  https://prsenrolment.ppa.my/ |
|
|
|
|
|
Nov 7 2018, 07:54 PM
|
Newbie
14 posts Joined: Jan 2018
|
Hi, I am new to PRS here. Hope that sifu here can provide advice.
1. If I enrolled via PPA official website, do I need to pay for the sales charge? the website did not provide much details... Anyone has experience please share with me. 2. I just need to invest Rm1000, after deductions and become lesser than Rm1000 still can get the incentive? thank you |
|
|
Nov 7 2018, 08:06 PM
|
Senior Member
1,116 posts Joined: Jun 2014 From: CatCity, Sarawak 
|
Went to AIA recently and they told me abt their PRS. Apparently they have a promo for walk in customer, no 3% sales tax until end of the month. Any good?
|
|
|
Nov 7 2018, 08:09 PM
Show posts by this member only | IPv6 | Post
#3004
|
|
All Stars
52,874 posts Joined: Jan 2003
|
QUOTE(yokoloco @ Nov 7 2018, 08:06 PM) Went to AIA recently and they told me abt their PRS. Apparently they have a promo for walk in customer, no 3% sales tax until end of the month. Any good? Good or not is subjective.Fund performance is more important. |
|
|
Nov 7 2018, 08:15 PM
|
|
All Stars
14,959 posts Joined: Mar 2015
|
QUOTE(limao_air_tebu @ Nov 7 2018, 07:54 PM) Hi, I am new to PRS here. Hope that sifu here can provide advice. googled and found this...1. If I enrolled via PPA official website, do I need to pay for the sales charge? the website did not provide much details... Anyone has experience please share with me. 2. I just need to invest Rm1000, after deductions and become lesser than Rm1000 still can get the incentive? thank you looks like the answers to 1 of yr question is there.... https://www.sc.com.my/home/special-incentiv...lief-incentive/ the ppa website....heard before......previously only CIMB prs funds got no SC...others got max 3%....not sure about it now.....read the fund prospectus to find out? just saw this on PPA website..... This post has been edited by MUM: Nov 7 2018, 08:25 PM Attached thumbnail(s) 
|
|
|
Nov 7 2018, 08:59 PM
|
|
Newbie
14 posts Joined: Jan 2018
|
QUOTE(MUM @ Nov 7 2018, 08:15 PM) googled and found this... Yup... but no details... not sure how is "NO SALES CHARGE" applylooks like the answers to 1 of yr question is there.... https://www.sc.com.my/home/special-incentiv...lief-incentive/ the ppa website....heard before......previously only CIMB prs funds got no SC...others got max 3%....not sure about it now.....read the fund prospectus to find out? just saw this on PPA website..... |
|
|
|
|
|
Nov 7 2018, 09:04 PM
|
|
All Stars
14,959 posts Joined: Mar 2015
|
QUOTE(limao_air_tebu @ Nov 7 2018, 08:59 PM) Yup... but no details... not sure how is "NO SALES CHARGE" apply googled and found this....https://www.nst.com.my/business/2018/01/329...t-scheme-online https://www.ppa.my/e-learning/no-sales-char...-in-prs-online/ |
|
|
Nov 7 2018, 09:12 PM
|
|
Newbie
14 posts Joined: Jan 2018
|
QUOTE(MUM @ Nov 7 2018, 09:04 PM) googled and found this.... I read all these as well.. but this is BN gov... PH not sure if they changed the policy or not...https://www.nst.com.my/business/2018/01/329...t-scheme-online https://www.ppa.my/e-learning/no-sales-char...-in-prs-online/ |
|
|
Nov 7 2018, 09:44 PM
|
|
All Stars
14,959 posts Joined: Mar 2015
|
QUOTE(limao_air_tebu @ Nov 7 2018, 09:12 PM) I read all these as well.. but this is BN gov... PH not sure if they changed the policy or not...  in that case, go give them a call lor to find out...  else, keep waiting for responses to see if got people tell you or not..... This post has been edited by MUM: Nov 7 2018, 09:45 PM |
|
|
Nov 8 2018, 03:57 PM
|
Senior Member
2,173 posts Joined: May 2010
|
Anyone knows how to switch fund for CIMB PRS account?
The fund I have put my money in keeps dropping since the beginning, thinking to switch fund now.. |
|
|
Nov 8 2018, 03:58 PM
|
|
All Stars
52,874 posts Joined: Jan 2003
|
QUOTE(Kilohertz @ Nov 8 2018, 03:57 PM) Anyone knows how to switch fund for CIMB PRS account? Go to the new PRS provider.The fund I have put my money in keeps dropping since the beginning, thinking to switch fund now.. They'll guide you on how to switch out/transfer in. |
|
|
Nov 8 2018, 03:59 PM
|
|
Senior Member
2,173 posts Joined: May 2010
|
QUOTE(David83 @ Nov 8 2018, 03:58 PM) Go to the new PRS provider. You mean don;t need to do it via CIMB? I opened my account thru them via walked in to the bank.They'll guide you on how to switch out/transfer in. |
|
|
Nov 8 2018, 04:00 PM
|
|
All Stars
52,874 posts Joined: Jan 2003
|
QUOTE(Kilohertz @ Nov 8 2018, 03:59 PM) You mean don;t need to do it via CIMB? I opened my account thru them via walked in to the bank. QUOTE PRS offers contributors the choice and flexibility to switch their fund if they underperform expectations and/or even transfer their funds to another Provider. This will ensure that the contributor’s retirement and investment objectives are aligned, not mismatched and ultimately realised. Switching occurs when a Member requests for a transfer of the existing PRS fund invested in to another PRS fund in the PRS scheme of the same PRS Provider. Transfer occurs when a Member requests for a transfer of the existing PRS fund invested in to another PRS fund in the PRS scheme of another PRS Provider. PRS Members are allowed to switch between funds in the scheme or transfer the accrued benefits to another PRS fund of another PRS Provider, subject to the terms and conditions as specified in the scheme’s disclosure document. Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one. Transfers can only be instructed between Providers after the first year of subscription to the PRS from the date of first contribution. URL: https://www.ppa.my/joining-prs/Other-Important-Information/ |
|
|
|
|
|
Nov 11 2018, 02:32 AM
Show posts by this member only | IPv6 | Post
#3014
|
Senior Member
709 posts Joined: Oct 2013 From: Midgar
|
Hi guys, just to be clear. The first procedure to apply is online enrolment right? I paid rm1000 inside via online bank in in Ppa.my
After that I tried first time log in and I got an error like “PPA number does not exist or telephone number is incorrect (1007)” Should I be worried that my 1k is gone lol? |
|
|
Nov 11 2018, 07:03 PM
Show posts by this member only | IPv6 | Post
#3015
|
|
Junior Member
174 posts Joined: Mar 2011 From: Selangor, Klang Valley
|
Hiii, may I know what is the difference if we open the account with other website (like Fundsupermart or CIMB) instead of PPA website?
Is there any benefit or penalty? |
|
|
Nov 11 2018, 07:53 PM
|
|
All Stars
14,959 posts Joined: Mar 2015
|
QUOTE(MikeLeo @ Nov 11 2018, 07:03 PM) Hiii, may I know what is the difference if we open the account with other website (like Fundsupermart or CIMB) instead of PPA website? sorry cannot answers directly to your queries, but I thinkIs there any benefit or penalty? some would suggest you to seek out the respective sales charges of the fund and the PPA account opening fees from each of the channel.... some would also suggests that you pay alittle (3%) sales charges but got personal touch do the documents submission for you... some would also suggest that you seek out the channel that can offer more funds choices... |
|
|
Nov 15 2018, 02:23 PM
|
|
Junior Member
810 posts Joined: Mar 2008
|
hi sifu-sifu,
For public bank PRS fund, is switching among public bank PRS funds incur charges (switching fee) ? Also, how soon switching can be done if I just enroll for one of its PRS fund today? Is it I have to wait a number of days before I can do switching? |
|
|
Nov 15 2018, 04:19 PM
|
|
All Stars
52,874 posts Joined: Jan 2003
|
QUOTE(alesi616 @ Nov 15 2018, 02:23 PM) hi sifu-sifu, Switching For public bank PRS fund, is switching among public bank PRS funds incur charges (switching fee) ? Also, how soon switching can be done if I just enroll for one of its PRS fund today? Is it I have to wait a number of days before I can do switching? First Year Can a Member switch funds within the first year? Switching between funds of the same Provider is allowed within the first year. For further details on Switching, please refer to the Other Important Information page under the Joining PRS section. Frequency & Fees How many times can a Member switch in one year? And what are the fees involved? PRS Members are allowed to switch between funds in the scheme, subject to the terms and conditions as specified in the scheme’s disclosure document. As such, please refer to the Disclosure Document of your respective scheme for the number of switches allowed within a year as well as the fees involved. URL: https://www.ppa.my/prs-and-you/prs-faq/ |
|
|
Nov 16 2018, 09:47 AM
|
|
All Stars
52,874 posts Joined: Jan 2003
|
Received SMS from PPA that PRS nomination is accepted.
|
|
|
Nov 17 2018, 02:47 PM
|
|
Junior Member
354 posts Joined: May 2008
|
which provider has the best return performance? cimb?
|
| Change to: |  0.0191sec
 1.09
 6 queries
 GZIP Disabled
Time is now: 19th December 2025 - 12:34 PM |
Quote