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 Private Retirement Fund, What the hell is that??

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Ramjade
post Nov 20 2023, 03:18 PM

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QUOTE(fuzzy @ Nov 20 2023, 02:35 PM)
Principal ex-Jpn has made for a very depressing read this past couple of years  bangwall.gif

I've moved my funds out.
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It used to be a good fund. But can't blame it as it's mostly china focus. China got problem with their developer and not to mentioned emperor xi wants to do common prosperity. So until emperor xi is out of the picture or china property market is solved, unlikely principal ex Japan going anywhere soon.
Ramjade
post Nov 21 2023, 09:23 AM

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QUOTE(!@#$%^ @ Nov 17 2023, 10:56 PM)
asked before, but unanswered ... yet
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Come I answer you. Public mutual customer service told me 3% regardless if you buy online or offline.
Ramjade
post Nov 21 2023, 05:53 PM

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QUOTE(guy3288 @ Nov 21 2023, 05:36 PM)
selling means kena penalty right? how much the penalty charge?
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Don't sell. Switch. Switching no penalty. If you manually sell and buy new fund that one will have penalty.
Ramjade
post Nov 25 2023, 06:40 AM

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Anyone know if we can buy public mutual prs via PRS online for free or still need to pay for service charge?

This post has been edited by Ramjade: Nov 25 2023, 06:40 AM
Ramjade
post Nov 25 2023, 10:39 PM

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QUOTE(silverwave @ Nov 25 2023, 10:11 PM)
I'm looking at both the funds now but they are not PRS is it? For tax deduction, it is PRS only right?
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AIA Pam growth is prs.
https://www.aia-prs.com.my/en/our-product/f...nformation.html
Principal retire easy series is PRS. Not sure if they have non prs retire easy series.

This post has been edited by Ramjade: Nov 26 2023, 01:03 AM
Ramjade
post Nov 26 2023, 01:12 AM

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QUOTE(onthefly @ Nov 26 2023, 12:47 AM)
PRS really not much choice
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Cause
1. Not their main market.
2. People don't care about returns. They just want tax relief. So unit trust companies just package a rubbish product for you..
3. Limited to only RM3k. Who puts more than RM3k into PRS?
Ramjade
post Nov 30 2023, 07:08 PM

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QUOTE(!@#$%^ @ Nov 30 2023, 06:00 PM)
many lobby to withdraw epf, why nobody lobby to withdraw from prs penalty free?
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Because not everyone have prs but everyone have EPF?
Ramjade
post Dec 1 2023, 09:43 PM

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QUOTE(ck2021 @ Dec 1 2023, 09:00 PM)
hi all sifu here.. I want to ask which PRS is the best at the moment? As i have invested in PBMutual since 2017 and the growth is only 7.9% which is way less compared to EPF if compounding interest count. Do we have any good PRS that I can invest in?
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Here you go. Do not buy Malaysia focus or China funds.
QUOTE(ronnie @ Nov 17 2023, 09:34 PM)
user posted image
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The fund with the highest US exposure is
QUOTE(!@#$%^ @ Nov 17 2023, 10:25 PM)
PUBLIC MUTUAL PRS ISLAMIC GROWTH FUND has 33.5% in US as of October 2023, enough to make you salivate  rclxm9.gif
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This post has been edited by Ramjade: Dec 1 2023, 09:45 PM
Ramjade
post Dec 2 2023, 09:29 AM

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QUOTE(MUM @ Dec 2 2023, 07:56 AM)
Humm.....interesting performance
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Thanks for the info. Not good. Cannot even match EPF returns
Ramjade
post Dec 2 2023, 11:14 AM

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QUOTE(gashout @ Dec 2 2023, 09:48 AM)
There are 100s of prs and maybe only 5 that can beat epf return

Put fund into prs to reduce income tax but risk lower return. Is what people need to consider.

Did my UT many years ago. Will never touch it anymore.
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That's why be smart. Choose the good prs and not the rubbish one.
Ramjade
post Dec 31 2023, 02:18 PM

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QUOTE(!@#$%^ @ Dec 31 2023, 01:12 PM)
anybody knows where to get the prs statement for principal? i heard ldhn doesn't accept statement from 3rd party ie FSM if you buy via FSM
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Call principal. They will send you via email.
Ramjade
post Dec 31 2023, 11:59 PM

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QUOTE(ronnie @ Dec 31 2023, 11:40 PM)
Wouldn't PPA.my be the right place to get the Tax Relief statement ?
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No. Lhdn wants official statement from say principal or public mutual.

I kena audited by them before. Give FSM statement, not recognised. Give principal statement only accepted.

This post has been edited by Ramjade: Jan 1 2024, 12:00 AM
Ramjade
post Jan 5 2024, 11:48 AM

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QUOTE(ronnie @ Jan 5 2024, 11:01 AM)
How fast can we get Tax Relief PRS statement from our PRS provider ? Is there a special place to download it ?
Or do we get from PPA.my ?
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Contact your PRS provider via customer service via email. For me principal is very fast. Email 1 working day get reply already. But 2023 statement not ready yet.
Ramjade
post Jan 5 2024, 01:00 PM

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QUOTE(ronnie @ Jan 5 2024, 12:11 PM)
AHAM has the statement function for any customised period.
Can that be used or there's special LHDN approved version  ?
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As long as got AHAM letterhead/symbol should be no problem.
Ramjade
post Jan 5 2024, 01:19 PM

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QUOTE(!@#$%^ @ Jan 5 2024, 01:13 PM)
mine kept being delayed because of the prs policy id which i have no idea what that is
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Just shoot customer service an email. Unless their customer service is same as their brokerage then good luck. I don't have any reply from affin hwang brokerage customer service. Lol.

This post has been edited by Ramjade: Jan 5 2024, 01:20 PM
Ramjade
post Jan 5 2024, 01:28 PM

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QUOTE(!@#$%^ @ Jan 5 2024, 01:28 PM)
already did. i gave my name, my ic, my address and my ppa account number. then the fella said cannot verify cus no prs policy id. the thing is i never received any receipt or statement directly from PRS. trying to be funny i guess.
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You buy using versa?
Ramjade
post Jan 5 2024, 01:38 PM

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QUOTE(!@#$%^ @ Jan 5 2024, 01:34 PM)
fsm
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I suggest you ask them where to get this prs policy id. Cause you give IC and PPA number should be enough la.

This post has been edited by Ramjade: Jan 5 2024, 01:42 PM
Ramjade
post Jan 5 2024, 04:26 PM

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QUOTE(!@#$%^ @ Jan 5 2024, 03:15 PM)
i can't find any official statement to download from ppa
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Unless lhdn chase you yes you need to hurry to get the statement. Otherwise chill first.
Ramjade
post Jan 6 2024, 01:05 AM

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QUOTE(!@#$%^ @ Jan 6 2024, 12:53 AM)
yes. I was told about the sms link thing but I have never received it.

principal online i think there are 2 versions.

the one i can login into is the with epf and cash purchase - it doesn't show my prs which was bought under fsm.

there's another version for prs which appears abandoned, in which i got the some error code as well - emailed them about that and awaiting reply. not expecting much though.
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I requested for 31/12/22 statement, they want prs policy number. Don't even know where to get that. I think it's ? unique number found in the statement. Let us see if it is correct.
Ramjade
post Jan 6 2024, 01:42 AM

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QUOTE(!@#$%^ @ Jan 6 2024, 01:22 AM)
same problem i had. my guess is ur principal prs account number or something. but the thing is i never had any statement from them so i can't check. maybe u can check if it's in ur previous statement.

for me, I'm trying to ask for it via fsm.
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Give them a call.

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