yes you can have multiple PRS funds..

for switching, some funds has holding periods of minimum 1 yr before one can switch
check with the fund provider on its term & condition

an individual who makes contribution to his or her PRS funds is allowed to claim tax relief of up to RM3,000 by the Inland Revenue Board of Malaysia. This tax incentive is available for a period of 10 years, ending year 2021.

https://www.ppa.my/prs-tax-relief/



This post has been edited by MUM: Jan 6 2020, 08:54 PM

what are the funds that has foreign exposure?

amprs asia pacific reits
affin hwang moderate
cimb asia pacific ex japan

anything else?

Ending year 2021, meaning we still invest in 2021 and then claim during year 2022? Or just invest in 2020 only?

I read as can still buy in 2021....
what do you read?

Remember deposit to PRS via FSM will receive RM40 voucher code?

Anybody received it? Or when suppose to receive the code?

I remember the code will send via email.

according to this....
Collection: The Touch ‘n Go eWallet Reload Pin will be emailed to you latest by January 2020.
https://www.fundsupermart.com.my/fsmone/art...llet-Reload-PIN

Good time to buy?

Received weeks ago. invested on last few days of promotion period

The Securities Commission is liberalising the regulation of private retirement schemes (PRS)

This would include allowing conservative funds to invest in foreign markets and PRS funds to invest in exchange-traded funds based on physical gold to increase asset diversification into alternative investments.

"Meanwhile, PRS also enables its members to access funds to ease their financial burden in times of need,” said SC chairman Datuk Syed Zaid Albar.

https://www.thestar.com.my/business/busines...irement-schemes

can take out also

"in times of needs", prolly property or hospital medical bills

Leverage model from EPF. Not that hard.

is it a good time to lump sum into kenanga one growth fund?

yes now the political turmoil and its good entry point

price dropped to MYR0.6562 on 9th. Wonder if it will further drop.

For those who are eyeing for CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C, now should be a good time.
Its NAV has dropped to 0.9296.

I was happily topping up rm50 each time several times until recent days.a bit unsure now

For me, buying PRS is just meant for tax deduction.

This post has been edited by GrumpyNooby: Mar 13 2020, 10:21 PM

But its good to get low entry price what

It won't matter much since you're very likely to keep it for 20 to 30 years until you reach your golden age.