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Private Retirement Fund, What the hell is that??
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SUSDavid83
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 Dec 1 2018, 07:56 PM
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QUOTE(Yamy @ Dec 1 2018, 07:54 PM) How do i buy PRS from new provider? I log into my PRS service portal and found that i can't find any option offer to switch to other provider. I can only top up with my current PRS provider account only. Reason being thinking of switching is my current provider didn't perform well for the pass years. You can only buy other PRS providers fund from PPA website. Not making sense for a PRS provider to sell a product from competitors. Alternatively, you can buy from other middleman website like Fundsupermart. This post has been edited by David83: Dec 1 2018, 08:00 PM |
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Yamy
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Dec 1 2018, 08:38 PM
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QUOTE(David83 @ Dec 1 2018, 07:56 PM) You can only buy other PRS providers fund from PPA website. Not making sense for a PRS provider to sell a product from competitors. Alternatively, you can buy from other middleman website like Fundsupermart. Oops.. i tot this is a common platform for all types of PRS fund? Correct me if i am wrong.  |
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SUSDavid83
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Dec 1 2018, 08:40 PM
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QUOTE(Yamy @ Dec 1 2018, 08:38 PM) Oops.. i tot this is a common platform for all types of PRS fund? Correct me if i am wrong. This is PPA website. Apparently PPA only allows you top-up to existing PRS fund(s). This post has been edited by David83: Dec 1 2018, 08:43 PM |
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terrysoh
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Dec 1 2018, 10:59 PM
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Dear Bros,
Just wanna confirm, the last day to buy PRS to enjoy tax relief is 31 December 2018 ?
Or is there another date?
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SUSDavid83
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Dec 1 2018, 11:21 PM
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QUOTE(terrysoh @ Dec 1 2018, 10:59 PM) Dear Bros, Just wanna confirm, the last day to buy PRS to enjoy tax relief is 31 December 2018 ? Or is there another date? Of course no other dates. It also depends on PRS provider earlier cut off date especially new sign up or new PRS fund. Topping up shouldn't matter by earlier cut of date. This post has been edited by David83: Dec 1 2018, 11:43 PM |
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MUM
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Dec 1 2018, 11:39 PM
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QUOTE(terrysoh @ Dec 1 2018, 10:59 PM) Dear Bros, Just wanna confirm, the last day to buy PRS to enjoy tax relief is 31 December 2018 ? Or is there another date? 1st time buying or are you an existing prs a/c holder? according to the LHDN.....the cut off date is 31 Dec....but are you gonna take the risk that your PRS contribution transaction records not managed to be on 31 Dec? This post has been edited by MUM: Dec 1 2018, 11:41 PM |
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terrysoh
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Dec 2 2018, 01:48 AM
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1st time buyer here... I havent proceed yet cos still looking for information.
Thankfully, low yat forumers as always are very helpful and willing to share information =)
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T231H
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Dec 2 2018, 06:17 AM
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QUOTE(terrysoh @ Dec 2 2018, 01:48 AM) 1st time buyer here... I havent proceed yet cos still looking for information. Thankfully, low yat forumers as always are very helpful and willing to share information =) just a note: 1st time buyer needed longer processing time...for it needs addition time to cater for the opening of a PPA a/c first...before you can buy PRS funds. |
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virgoguy
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Dec 4 2018, 03:32 PM
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End of the year again. What PRS to buy?  |
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Krv23490
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Dec 4 2018, 04:20 PM
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QUOTE(virgoguy @ Dec 4 2018, 03:32 PM) End of the year again. What PRS to buy? Top up the same one you previously bought ? |
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virgoguy
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Dec 4 2018, 04:37 PM
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QUOTE(Krv23490 @ Dec 4 2018, 04:20 PM) Top up the same one you previously bought ? Bought CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C last year. Thinking of want to buy different counter this year. |
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psyduck89
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Dec 4 2018, 04:42 PM
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QUOTE(virgoguy @ Dec 4 2018, 04:37 PM) Bought CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C last year. Thinking of want to buy different counter this year. we can have multiple fund?? |
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SUSDavid83
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Dec 4 2018, 04:48 PM
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QUOTE(psyduck89 @ Dec 4 2018, 04:42 PM) we can have multiple fund?? Of course you can! |
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psyduck89
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Dec 4 2018, 04:50 PM
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QUOTE(David83 @ Dec 4 2018, 04:48 PM) i see.. I just dumped 1k into cimb asia pacific fund few weeks back...  |
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Krv23490
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Dec 4 2018, 04:50 PM
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QUOTE(virgoguy @ Dec 4 2018, 04:37 PM) Bought CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C last year. Thinking of want to buy different counter this year. Ah I see, I been topping up into that fund for the last 2 years. Other fund performance not ideal for me when bull run last year. What funds are you looking at ? |
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SUSDavid83
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Dec 4 2018, 04:52 PM
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QUOTE(psyduck89 @ Dec 4 2018, 04:50 PM) i see.. I just dumped 1k into cimb asia pacific fund few weeks back... If you invest/topup more than 1 funds per calendar year, you'll be charged RM 8 annual fee per PRS provider. Unless you're investing into funds from the same PRS provider. This post has been edited by David83: Dec 4 2018, 05:19 PM |
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psyduck89
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Dec 4 2018, 04:54 PM
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QUOTE(David83 @ Dec 4 2018, 04:52 PM) If you invest/topup more than 1 funds per calendar, you'll be charged RM 8 annual fee per PRS provider. Unless you're investing into funds from the same PRS provider. I see... which mean one month only one foc top up ? |
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virgoguy
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Dec 4 2018, 04:57 PM
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QUOTE(David83 @ Dec 4 2018, 04:52 PM) If you invest/topup more than 1 funds per calendar, you'll be charged RM 8 annual fee per PRS provider. Unless you're investing into funds from the same PRS provider. So I invest back to the same PRS fund then I don't get charged RM8? |
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SUSDavid83
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Dec 4 2018, 05:21 PM
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QUOTE(psyduck89 @ Dec 4 2018, 04:54 PM) I see... which mean one month only one foc top up ? PPA fee is charged annually per calendar year. It's advisable to concentrate on only one PRS provider per calendar year. QUOTE(virgoguy @ Dec 4 2018, 04:57 PM) So I invest back to the same PRS fund then I don't get charged RM8? Will be charged. If you invest into 2 funds from different providers per calendar year, you'll be charged twice: RM 8 x 2 |
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virgoguy
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Dec 4 2018, 06:41 PM
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QUOTE(David83 @ Dec 4 2018, 05:21 PM) PPA fee is charged annually per calendar year. It's advisable to concentrate on only one PRS provider per calendar year. Will be charged. If you invest into 2 funds from different providers per calendar year, you'll be charged twice: RM 8 x 2 so meaning, if I buy another new PRS but not touch the existing one, then I only need to pay RM8? |
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