PRS youth bonus. Initial deposit RM1000, government top up RM1000.

The RM 1000 youth incentive has already ended right?

This post has been edited by David83: May 2 2019, 10:29 AM

still got youth incentive meh?

They have invested last year by December 2018.

They did too late. Some of my friends kena also.

this one no more for 2019.

Yes, that is what I meant.

Enrolled on Nov 2018, RM1000 incentive yet to seen.

Has anyone called PRS or their agents about the RM1000 youth incentive? Getting worried it's not going to happen.

iirc, they release the incentives in batches, and it can take months for it to be released. As long as you invested at least RM1000 (in ONE fund), there's no need to worry for now.

but there was a stated allocation budget of RM165 million for this youth incentives.....

https://financemalaysia.blogspot.com/2017/0...e-enhanced.html

thus subjected to first come, first get basis until the full allocation of RM165mil being disbursed.
Meaning there are only 165,000 youths are able to grab it. So, it's guaranteed subject to availability of the allocated fund.

what "if" it had been depleted?



This post has been edited by MUM: May 8 2019, 11:53 PM

So year 2019 no more additional Rm 1k incentive fund given by the government rite?

Only can claim income relief rite?

Yes. No announcement made for the incentive extension by LGE in the Budget 2019.

This post has been edited by David83: May 9 2019, 07:16 AM

Oops, sorry I wasn't aware of that. I was sharing my opinion as it took around 7 or 8 months for my friend to receive the RM1000 incentives (my friend invested at end of 2017).

165,000 youths (for 2017 & 2018) seems quite restrictive, hopefully most of the Malaysian youths have already invested prior to 2017.

hi guys, any recommendation which is the best fund to invest for PRS?

https://www.ppa.my/prs-providers/list-of-scheme-funds/

No more youth incentive, why you want to invest in PRS?

RM3000 tax relief.

yes honsiong is right. it's for the 3K tax relief...

enrolled and purchased on December 2018, until now not in yet.

I contacted Affin Hwang, they advised me to liaise with PPA directly

Are you planning to contact PPA? Do let us know what they say.