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 Private Retirement Fund, What the hell is that??

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ckdenion
post Dec 19 2018, 09:43 AM

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QUOTE(MUM @ Dec 19 2018, 09:01 AM)
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maybe he just meant that he want a few recommendations and from that recommendations he will again filter himself the funds recommended instead of looking for the funds by himself. biggrin.gif
MUM
post Dec 19 2018, 10:04 AM

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QUOTE(ckdenion @ Dec 19 2018, 09:43 AM)
maybe he just meant that he want a few recommendations and from that recommendations he will again filter himself the funds recommended instead of looking for the funds by himself. biggrin.gif
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oooohhh, if that is the case,...still unknown to what constitute to be "good", he could just read back a few pages.....forummer kenzotaj did mentioned his criteria for his purchased new PRS fund
mroys@lyn
post Dec 19 2018, 01:25 PM

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found the answer in the previous posts. thanks,

This post has been edited by mroys@lyn: Dec 20 2018, 07:10 AM
wenqing
post Dec 19 2018, 01:58 PM

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QUOTE(MUM @ Dec 19 2018, 09:01 AM)
hmm.gif No right or wrong here  notworthy.gif  notworthy.gif ......just wondering how are you gonna do that when....
......
1) you mentioned that you are lazy to go through all the PRS funds because according to you it is just too many of them,
2) you mentioned that you won't blindly follow one (i assume the 'one" are the recommendations that you seek to have from forummers)
3) you seek the recommendation from forummers when you mentioned it would maybe be a futile recommendation for you won't blindly follow them too......(just how to not blindly follow when one is too lazy to check it out?)
4) what is your criteria for being a "good' prs fund?
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hahaha. Actually I just wan to buy for the sake to claim income tax. So don wan to spend too much time look into all the fund. Basically what I mean by good fund is outperform benchmark or even follow benchmark. But yesterday I also notice there are a few fund under perform benchmark a lot bangwall.gif bangwall.gif
SUSyklooi
post Dec 19 2018, 02:49 PM

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QUOTE(wenqing @ Dec 19 2018, 01:58 PM)
hahaha. Actually I just wan to buy for the sake to claim income tax. So don wan to spend too much time look into all the fund. Basically what I mean by good fund is outperform benchmark or even follow benchmark. But yesterday I also notice there are a few fund under perform benchmark a lot bangwall.gif  bangwall.gif
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benchmark?.....different funds may have set different benchmark....
benchmark are set by the FH.....set too low, can meet easily, set too high may not met. biggrin.gif
try check out post 3126 for a few names..
Secret Hunter
post Dec 19 2018, 04:32 PM

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QUOTE(alexanderclz @ Dec 19 2018, 08:45 AM)
why was it rejected?
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no idea, called up PPA, they said CIMB rejected due to IC problem
but i already attached nicely
tried calling CIMB, however no answer from them
just resubmit the whole process again thru PPA
hopefully they approve this time
Secret Hunter
post Dec 19 2018, 04:33 PM

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QUOTE(David83 @ Dec 19 2018, 07:13 AM)
You should go back to the original channel that you apply/buy from.
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Okay, already resubmitted the new application
Thanks
SUSskyblack4492
post Dec 20 2018, 09:51 AM

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QUOTE(dentalfloss @ Dec 18 2018, 10:56 PM)
I went to public bank,the lady told me stil gt
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u got buy? is it good for investment same like epf?
hafiez
post Dec 20 2018, 12:13 PM

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I need help lah

let say I topup today, and im turning to 31 this Saturday, am I still eligible for the RM1,000 ?

does the processing date make a difference?
SUSyklooi
post Dec 20 2018, 12:13 PM

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QUOTE(skyblack4492 @ Dec 20 2018, 09:51 AM)
u got buy? is it good for investment same like epf?
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while waiting for his/her response....

may I just chip in.....
with youth incentive + tax benefits.....
thus PRS is an investment of > 100% ROI in the 1st year + approximate 4% yearly till retirement age.....

thus do you think EPF is like PRS in the form of returns?
PRS can take out 30% at 8% penalty....EPF got this?
EPF can take out x% at age 50, PRS can?
EPF can take out x% for certain criteria, PRS can?
SUSMicheal Ng
post Dec 20 2018, 01:48 PM

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QUOTE(hafiez @ Dec 20 2018, 12:13 PM)
I need help lah

let say I topup today, and im turning to 31 this Saturday, am I still eligible for the RM1,000 ?

does the processing date make a difference?
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Top up? Means u already has an account with PPA? The incentive just only pay once. The incentive has been give out for few years already. From 500 to 1,000. I fu have gotten the 500 then u r not entitled to apply for the 1,000.
SUSMicheal Ng
post Dec 20 2018, 01:53 PM

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QUOTE(skyblack4492 @ Dec 20 2018, 09:51 AM)
u got buy? is it good for investment same like epf?
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Definitely good since got Free Rm1,000 from Gov. Not easy to get money from Gov. Only for those below 31 yo.

Fast fast apply la. Ended this 30th dec only
hafiez
post Dec 20 2018, 02:10 PM

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QUOTE(Micheal Ng @ Dec 20 2018, 01:48 PM)
Top up? Means u already has an account with PPA? The incentive just only pay once. The incentive has been give out for few years already. From 500 to 1,000. I fu have gotten the 500 then u r not entitled to apply for the 1,000.
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yes I already open an account long time ago

just this year I want to put 1,000 lump sum.
SUSMicheal Ng
post Dec 20 2018, 02:17 PM

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QUOTE(hafiez @ Dec 20 2018, 02:10 PM)
yes I already open an account long time ago

just this year I want to put 1,000 lump sum.
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When ur long time open, u didn’t entitle any incentive? This time u may top up 1,000 and get the incentive.

Top up via online. U got from which provider? I could only advice Public mutual. Login to Public mutual online to do the top up directly without signing any form.
SUSskyblack4492
post Dec 20 2018, 11:30 PM

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QUOTE(Micheal Ng @ Dec 20 2018, 02:17 PM)
When ur long time open, u didn’t entitle any incentive? This time u may top up 1,000 and get the incentive.

Top up via online. U got from which provider? I could only advice Public mutual. Login to Public mutual online to do the top up directly without signing any form.
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i dun hve public bank account. got other option to register?
SUSskyblack4492
post Dec 20 2018, 11:34 PM

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QUOTE(Gabriel03 @ Dec 17 2018, 12:13 AM)
You're welcome.

Also, do remember that if you're less than 30 years old, it's best to invest 1k by end of this year. This is because the government gives 1k into ur prs account if you contribute at least 1k (one time deal until end of 2018). For this case, I agree that you should place 1k regardless of your salary because your Roi is 100% thanks to Msia gov.
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how to register. first time here
SUSskyblack4492
post Dec 21 2018, 12:45 AM

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QUOTE(wenqing @ Dec 18 2018, 04:05 PM)
Hi.if i just purchase the prs approved fund from fundsupermart, goverment will automatically bank in another 1k to me(first time buyer here) or i need to will up some form to apply?
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isit just buy rm1k any fund can dy? newbie here
MUM
post Dec 21 2018, 12:53 AM

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QUOTE(skyblack4492 @ Dec 20 2018, 11:30 PM)
i dun hve public bank account. got other option to register?
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QUOTE(skyblack4492 @ Dec 20 2018, 11:34 PM)
how to register. first time here
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QUOTE(skyblack4492 @ Dec 21 2018, 12:45 AM)
isit just buy rm1k any fund can dy? newbie here
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with just a few working days left till end of the youth incentive things.....

best is you try read these link while waiting for responses......

https://www.ppa.my/prs-and-you/prs-faq/

https://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

https://www.publicmutual.com.my/prs/Home

https://www.google.com/search?ei=aMgbXI2rL4...i71.o1Yk8Yg3BHU
SUSskyblack4492
post Dec 21 2018, 01:00 AM

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QUOTE(MUM @ Dec 21 2018, 12:53 AM)
with just a few working days left till end of the youth incentive things.....

best is you try read these link while waiting for responses......

https://www.ppa.my/prs-and-you/prs-faq/

https://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

https://www.publicmutual.com.my/prs/Home

https://www.google.com/search?ei=aMgbXI2rL4...i71.o1Yk8Yg3BHU
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im too late.sad. missed this opportunity.
MUM
post Dec 21 2018, 01:02 AM

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QUOTE(skyblack4492 @ Dec 21 2018, 01:00 AM)
im too late.sad. missed this opportunity.
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yes,...I think that too...unless you try goto PPA office to do it directly personally on Monday....then maybe can get a chance too....
spend half a day, may get RM1000 + tax relief for this year.....worth a try? devil.gif

This post has been edited by MUM: Dec 21 2018, 01:03 AM
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