Most providers seem to have transaction forms to fill. Strangely, CIMB doesn't have one. Worse, their call centre ppl can't answer basic questions. The officers at the bank are no better, even asking me what is PRS. This is why I am rather concerned about the transactions done at the bank.

Most providers seem to have transaction forms to fill. Strangely, CIMB doesn't have one. Worse, their call centre ppl can't answer basic questions. The officers at the bank are no better, even asking me what is PRS. This is why I am rather concerned about the transactions done at the bank.

Aiyah... for PRS you need to contact those financial Planning firm. VKA is very active in this area. SFP and Whitman are also onto this bandwagon. CIMB bank? Buang masa aje....

There is VKA person here lurking in this thread... pm him/her lar. VKA also do CIMB wan.....

Xuzen

these financial planning firms will be I terest in ikan bilis investors? say like every top up just few hundred.

can anyone confirm that if someone invest in this PRS, he can get RM 3000 income tax relief AND RM500 tax rebate ? Where to get more information on this ? thanks

No further details yet on the rm500. As what i knew, its only for age range between 20-30..the rm500 will be given if you have accumulated rm1000 on ur prs account (until end of 2018)..how and when the rm500 will be given dont know yet..

sorry typo, after they gave u a receipt, submit it to a cimb prs.

And u dont need to fill up any new form, just take the receipt and write down ur name and ic behind the receipt or bank in slip, and submit it to cimb prs..

I think as long as u submitted ur receipt to the cimb prs, do as what I told, thn I think the topup amount will be reflected in ur prs acc soonly. 

I still have to check how long is needed when the amount u deposited will reflected to the acc..will get back u soonly.

sounds shady. 

PRS YOUTH INCENTIVE RM500

In the 2014 Budget tabled on 25 October 2013, the Prime Minister had announced an incentive of RM500 to contributors who participate in the PRS scheme to inculcate the importance of saving from an early age to ensure sufficient savings after retirement. The RM500 is a one-off contribution by the Government to young PRS members to encourage youth to undertake long-term savings for retirement through the PRS.

Eligibility:

Individuals must be Malaysian nationals
Individuals may be existing PPA account holders or new members who make a gross contribution of RM1,000 within any calendar year between 2014 to 2018 in a single PRS fund of a Provider
Individuals must be aged between 20 and above but have not reached the age of 31 at the time the member reaches the minimum gross contribution of RM1,000 within a calendar year
Available for new PRS fund contributions of RM1,000 within a calendar year
Contribution within the calendar year may be on a lump sum or staggered basis
Any employer contribution are excluded from the incentive programme
(RM500 contribution is only paid if the youth has saved RM1,000 within a calendar year.)

Starting young benefits and facts:

Go on regular monthly contribution instead of lump-sum to ease burden on finances
RM1,000 a year contribution works out to just about RM80 a month
Individuals who start early, between the age of 20 and 30, will have a good 30 to 40 years of saving accumulation and compounding before reaching retirement

from PPA.my http://www.ppa.my/prs/whats-new/prs-youth-incentive-rm500/

just got my statement from public prs growth fund.
damn pathetic!
dec 2012, index was 1607.61.
yesterday index was 1824.29

their fund return?!
3.22%

and guess what, it's not net.
another 1.5% or so goes to management fees.

actual return is about 1.7%!!!! for whole freaking year.

shame on you public. you dare to take 1.5% management fee when the fund you manage perform so badly.

just entered hwang about 1 or 2 months.
return already exceeded public full year!

LOL!. You forget to factor in the 3% sales charge leh! If you count that in, your ROI is negative Lulz! Congratulations, Public Mutual PRS has just succeeded in making you less wealthy.

Xuzen

LOL!. You forget to factor in the 3% sales charge leh! If you count that in, your ROI is negative Lulz! Congratulations, Public Mutual PRS has just succeeded in making you less wealthy.

Xuzen