RM260 for sure
RM500 rebate need to wait for more details from LHDN and PRS providers

This is insider news:

One of the reason why govt give this RM 500.00 rebate is because statistic shown that only 6% take up rate amongst the young working group i.e., aged 20 - 30 y/o.

The majority of PRS members are ahem.... old geezers like Unker Look and WongMunKeong and myself. PPA was even more surprise when they realised that many who reaches the age of 55 withdrew their KWSP savings and ploughed it into PRS because of the zero sales charge and no lock in period and better than FD ROI.

Xuzen

double bonus for those that are above the retirement age and are still working and are eligible for the PRS tax rebate...
can withdraw anytime, no 8% penalty, got tax rebate....

I hope (hope is a very lousy investment i heard ) that loophole is still there when i reach >= age 55

me too think so....but this PRS rebate thing still has about 8~9 years left

Could I invest in 2 different company i.e RHB and PBB for PRS. I have invested in one of the fund but feel wanna change to other fund provider without switching?

You can't blame them.
As PRS is investing in UT.

As compared investing on oneself, one get more flexibility as compared PRS (both can be in same UT).

There is no advantage in investing in PRS except get extra RM3000 tax relief (not tax rebate).

You need more attraction feature to encourage PRS.
So the RM500 rebate is a good start.

This post has been edited by cherroy: Nov 1 2013, 06:47 PM

tax rebate is good enough already for me... wanna to offset that hefty tax in case of year end bonus (if got)

which PRS is good for a 25yrs old? plan to start PRS for tax relief btw, how do we get those rebate and relief? i think rm3k relief is there oledi for few yrs, but the newly announced one also implement next year 2014? is it we just fill in we contribute prs then the system will calculate for us?

This post has been edited by ben3003: Nov 2 2013, 10:23 AM

which PRS is good to invest for fresh grad who just started work(22 yr old)?
how to register?just contact any PRS providers?

This post has been edited by yklooi: Nov 3 2013, 01:21 PM

thanks for the info.yeah i had a read at those FAQ and relevant info in fundsupermart website.apparently cant be done online,need to post physical copy of forms back to the PRS providers

PBB is not a PRS provider

Wait for d details from LHDN/PRS providers

Public Mutual which is subsidiary of Public Bank Berhad is definitely one of the 8 PRS
provider certified by Govement.

You can invest in all eight of them if you want to, just open a/c with FSM or Phillip Mutual and you can access seven of them already. Unfortunately one of them i.e, Public Mutual who always think herself as high & mighty will only allow her own agent to sell.

Alternatively, many of the financial firms such as SFP, VKA or Whitman are also multi-providers distributors. As a contributor, you are spoilt for choice.

Word of caution; as far as I know, only CIMB and Hwang offer PRS with off-shore assets. The rest are all jaguh kampung funds. As you know, a huge percentage of our retirement fund via KWSP are already concentrated in M'sia assets. It is good diversification to invest a little outside of Bolehland.

Between CIMB and Hwang, I choose Hwang because of her zero sales charge.

Xuzen

I tot Public Bank Bhd (PBB)

so where to buy hwang DBS PRS? any agent?

(the name is Hwang Investment Management)
with 0% sales charges...i think there is no agent, have to go to their office or

SPEAK TO THEM to find out

customercare@hwangim.com
Toll Free:
1-800-88-7080
(Call from Malaysia)
Hwang PRS Solutions:
1-800-222-777
(PRS)
General Line:
+6-03-2142 1881
(Call from International line) or try this

http://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdo


This post has been edited by yklooi: Nov 6 2013, 05:37 PM

In this thread this question has been answered ad-nauseum. If you have a little initiative to look back one page; you'll get the answer.

And btw, Hwang-PRS has zero sales charge, i.e., no commission for the agent.... you think anyone would be a Hwang-PRS agent meh?

Xuzen