actually isit worth it to lock up your money for so long just for the 1k incentive?

and if I am not mistaken, you can only invest in growth funds right?
and the return is not consistently +% every year. ie: what if recession come, then the return would be -%, it also means that you are loosing money.

Up or not, up to your decision.
It's free money by the way.
Most of here are just pouring money for tax relief.

Tax relief + youth incentive = alot of roi %
There are prs conservative funds....they are less volatile

Noo I'm too late for the youth incentive.

I notice that I buy 3000 of the fund but i only get 2992 worth of fund.

In this case, for tax relief, i put 3000 or 2992?

3000, it's in the faq if i'm not mistaken.

But I'm not able to find the FAQ of this at FSM

The RM 8 is linked to PPA charges. Nevertheless, your PRS provider will send you an annual statement in early next year. At there, you will see that it is stated RM 3000 despite the RM 8 charge.

No need wait next year.
At PPA website u can see the the 2018 contribution is RM 2992 only

Anyone able to link their PPA account to cimb clicks ? Mine keeps saying invalid account number its just PPA*IC number* right ?

funny thing happen when we are heading the end of year, tiba2 everyone will be very 'kind' enough to 'remind' you to top up the fund.... siap hantar festival season greetings..... before this 11mths and 23 days ago x nampak bayang pun.....

mcam2 tricks...last date for contribution extended....after few days, ada lagi extension...fuhyoo...

This post has been edited by seanlam: Dec 30 2018, 03:07 PM

is it better to topup every month or should i lump sum every month?
example : if i want to contribute rm100/month, better to put rm100 every month or rm1.2k/year?

that RM8 is PPA annual fee

confirmed by FSM that is eligible for 3k tax relief

The individual tax relief is applicable on gross contribution, i.e. inclusive of upfront charges.
For example, if an individual invested RM3,000 with a Provider and that Provider deducted RM10 for account opening fee, and RM50 for sales charge, the full RM3,000 is eligible for tax relief, and not RM2,940.

https://issuance.sc.com.my/home/special-inc...lief-incentive/

Depends on what you want. If you can sit patient;y on cash, you will get better returns when you buy in bulk when market is downgoing.

I was very sure I chose conservative public mutual PRS fund

mana tahu when approved = growth fund...

the concept is the same as market share right?

did you call the PM office to query?

just top up rm3060 or 3100 ... extra a bit wont hurt you