wonder if i should go through the trouble to contact fsm to withdraw from account B. i only have about less than rm1.5k in acc B. not like i need the money but i have been investing small since 2014 and the return though is positive, is not that great. only thing is the tax benefit. and since i have at least 15-20 more years before retirement.

Yes if you need the extra cash since it’s not always you can withdraw from account B

All unit trust companies and some insurance companies manage many PRS Funds. They are very similar to unit trust, just that you have to be committed for long term savings like EPF. You can get more details from ppa.my who regulate PRS.

redemption from principal via online only during MCO/CMCO period. after that have to go to their branch to do redemption.

anyone knows will the redemption of PRS affect our personal tax?

Under which category of redemption?

under 1.5k mco.

No tax impact if withdrawal under Economic Stimulus Package (MCO).

if i just placed the money in feb2020, then can I withdrawal money from sub account B or not?

Is it a new investment for a new PRS fund or a top up for an existing PRS fund in your PRS portfolio?

New PRS fund house

Sorry to say that it is not entitled.

Note:
One of the prevailing terms and conditions for pre-retirement withdrawal from sub-account B is still applicable, whereby such withdrawals may only be made from a PRS fund one year after enrolment.

This post has been edited by GrumpyNooby: Jun 7 2020, 11:25 PM

After invested in Kenanga OnePRS Growth Fund for 4 years, I decided to switch out to Kenanga OnePRS Shariah Equity Fund.

Cumulative return: 24.5%
Annualized return: 4.0%

Hope this decision is not a mistake.

This post has been edited by GrumpyNooby: Jun 11 2020, 09:16 PM

Why the switches?

Kenanga OnePRS Growth Fund and Kenanga Shariah OnePRS Growth Fund have 20% to 30% investing into bond fund.

Whereas, Kenanga OnePRS Shariah Equity Fund is almost fully investing into equity fund.

speaking of which i submitted withdrawal of my principal prs via email on tuesday, got verification call that afternoon itself. now waiting for money to enter, eta T + 10

Actually got other fund better than kenanga, I want to transfer from my kenanga prs growth fund to other fund house and now pending to fulfill one year in kenanga as condition to transfer including of government incentive portion.

I just want to do intra PRS fund switching.
I got 2 other PRS funds from other PRS providers.

Guys, how to invest to a new prs provider? Been putting my contribution with principal asset management by cimb. I tot it is time diversify a bit. Google and ppa website did not (or i missed) any info

Things You Should Know Before You Start a PRS Account
https://www.ppa.my/joining-prs/what-should-i-consider/

A Guide To The Private Retirement Scheme (PRS)
https://ringgitplus.com/en/blog/budgeting-s...scheme-prs.html