while waiting for value added responses.....
I googled and found this....

Making sense of fund documents and reports
https://www.moneysense.gov.sg/articles/2018...nts-and-reports

What to look out for
When reading a fund report, do watch out for the following terms:
.....

I thought MER and PTR are equally important too.

hi all, i’m new here. what is the best prs to invest? my objective is for tax relief so i will only invest max 3k and of course is long term until i retire. gain of cgar 10% i will satistied already as long as no loss

There's no best as best is different for everyone.
Tax relict last only only 2021. If govt don't extend it, 2021 us last year if tax relief. After that no more.
No unit trust can have no loss as the underlying stuff is stock and bonds where the price flacuates.

You want no loss, choose the following.
1) promo FDs
2) amanah saham fixed price fund
3) EPF

i’m quite confident government will extend this kind of things to promote savings. same to sspn

Have you received it? I have not received it yet.

I have a question regarding tax relief with PRS which I couldn't find the answer from their portal. If say I am already >55 years old, but still running a business.

Can I put RM3000 by this year, claim for 2019 tax assessment, then withdraw in 2020, and put back in Rm3000 by Dec 2020 to claim for 2020 tax assessment?

Yes possible.

As long as the PPA system captures your contribution.

Almost similar like SSPN but this one is easier.

This post has been edited by David83: Apr 16 2019, 09:51 AM

Which means I only need a capital of RM3000 to claim tax relief continuously up till year 2021? As I have hit the retirement age. Wow. I couldn't find anything that says it requires a certain holding period.

Didn't I reply you?
Doesn't have to as long as the PPA system capture the RM 3000.
And I also said that it's easier than SSPN.

Withdrawal and contribution are independent.

This post has been edited by David83: Apr 16 2019, 10:01 AM

yup, looks like a loophole. i'm aiming to do like that too when 55 and if the SOP is still the same
ie.
a. place $3K into PRS fixed income type thus low/no fluctuations Nov
b. take back out coming Feb
repeat (a.) & (b.)

It's not really a loop hole.
When you invest in PRS you're subject to loss due to initial SC by PRS provider and/or NAV downward movement.
The return is not guaranteed as in SSPN/EPF/saving plan.

This post has been edited by David83: Apr 16 2019, 10:03 AM

0% Service Charges
+
aim for Fixed Income type thus probability of fluctuations lower

Even FI and bond fund also subject to downward movement of NAV.

ya, probability lower & quantum/% of drop also lower ma, worth the 24% tax relief heheh

24%? Whale 🐳

i think it is just a rebrand Unit Trust that lock you up for 30 years or more until retirement

You're no wrong at all!

whale? heheh - compared to those earning less than 10K pa?
http://www.hasil.gov.my/bt_goindex.php?bt_...5000&bt_sequ=11

anyhow, older fart here la thus aiming for the "55 years old can take out any time" PRS thinggy. been working & paying taxes for more than 20 years, gotta optimize where we can ma

BTW, compare the above local tax rates vs this https://www.guidemesingapore.com/business-g...ncome-tax-guide

This post has been edited by wongmunkeong: Apr 16 2019, 02:15 PM

Whales a lot at pinned FD thread.

This post has been edited by David83: Apr 16 2019, 02:33 PM