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 Private Retirement Fund, What the hell is that??

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victorian
post Jul 12 2020, 01:17 PM

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Can I invest into my PRS RM1,000 per month for 3 months to claim the RM3k for tax relief, or does it have to be lumpsum investment ?

This post has been edited by victorian: Jul 12 2020, 01:17 PM
SUSyklooi
post Jul 12 2020, 01:19 PM

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QUOTE(victorian @ Jul 12 2020, 01:17 PM)
Can I invest into my PRS RM1,000 per month for 3 months to claim the RM3k for tax relief, or does it have to be lumpsum investment ?
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Cummulative also can
victorian
post Jul 12 2020, 01:24 PM

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QUOTE(yklooi @ Jul 12 2020, 01:19 PM)
Cummulative also can
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Kitty_catts
post Jul 13 2020, 07:11 PM

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Any full time agent that you guys can recommend? Which PRS do u guys recommend? Different PRS organiser have different rate?

I read online of the various level of risk but Im still at loss. Whats the pros n cons beside higher risk = higher return/loss?


This post has been edited by Kitty_catts: Jul 13 2020, 07:14 PM
MUM
post Jul 13 2020, 07:39 PM

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QUOTE(Kitty_catts @ Jul 13 2020, 07:11 PM)
Any full time agent that you guys can recommend? Which PRS do u guys recommend? Different PRS organiser have different rate?

I read online of the various level of risk but Im still at loss. Whats the pros n cons beside higher risk = higher return/loss?
*
while waiting for responses, you can try read the links from here...

how to choose prs funds
https://www.google.com/search?source=hp&ei=...&sclient=psy-ab

hope that they can provides you with some info while you wait for responses.
Kitty_catts
post Jul 13 2020, 07:40 PM

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QUOTE(MUM @ Jul 13 2020, 07:39 PM)
while waiting for responses, you can try read the links from here...

how to choose prs funds
https://www.google.com/search?source=hp&ei=...&sclient=psy-ab

hope that they can provides you with some info while you wait for responses.
*
Thanks.
adele123
post Jul 13 2020, 11:44 PM

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QUOTE(Kitty_catts @ Jul 13 2020, 07:11 PM)
Any full time agent that you guys can recommend? Which PRS do u guys recommend? Different PRS organiser have different rate?

I read online of the various level of risk but Im still at loss. Whats the pros n cons beside higher risk = higher return/loss?
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I dare to say... most people on forum go to fundsupermart.

Cause FSM is a good platform to get all information compiled. And they dont take upfront charges.

From their website, you can see all charges charged by respective PRS fund managers.
Kitty_catts
post Jul 13 2020, 11:54 PM

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QUOTE(adele123 @ Jul 13 2020, 11:44 PM)
I dare to say... most people on forum go to fundsupermart.

Cause FSM is a good platform to get all information compiled. And they dont take upfront charges.

From their website, you can see all charges charged by respective PRS fund managers.
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I see. Thanks for the info
hksgmy
post Jul 14 2020, 03:01 AM

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QUOTE(Kitty_catts @ Jul 13 2020, 11:54 PM)
I see. Thanks for the info
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Good suggestion by Adele123. Something that is transparent with its charges is always preferable.
SUSMNet
post Jul 14 2020, 10:15 AM

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QUOTE(Kitty_catts @ Jul 13 2020, 11:54 PM)
I see. Thanks for the info
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FSM cannot buy a lot of PRS fund such as public bank
GrumpyNooby
post Jul 14 2020, 10:21 AM

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QUOTE(MNet @ Jul 14 2020, 10:15 AM)
FSM cannot buy a lot of PRS fund such as public bank
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Public Mutual can buy a lot of PRS funds from other PRS providers? dry.gif
footie_ft
post Jul 14 2020, 10:25 AM

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Another option is PPA.my. I bought my prs from there.
GrumpyNooby
post Jul 14 2020, 10:25 AM

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QUOTE(footie_ft @ Jul 14 2020, 10:25 AM)
Another option is PPA.my. I bought my prs from there.
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You buy a new PRS fund or you top up an existing fund?
footie_ft
post Jul 14 2020, 10:40 AM

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QUOTE(GrumpyNooby @ Jul 14 2020, 10:25 AM)
You buy a new PRS fund or you top up an existing fund?
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I enrolled and top up from there as well. It will take 2-3 days per got buying into the fund and updated in their system. I used it last year cause can do online enrollment.
MUM
post Jul 14 2020, 10:44 AM

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QUOTE(footie_ft @ Jul 14 2020, 10:40 AM)
I enrolled and top up from there as well. It will take 2-3 days per got buying into the fund and updated in their system. I used it last year cause can do online enrollment.
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Is it a CIMB prs fund you bought (new) in ppa platform?
GrumpyNooby
post Jul 14 2020, 10:44 AM

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QUOTE(footie_ft @ Jul 14 2020, 10:40 AM)
I enrolled and top up from there as well. It will take 2-3 days per got buying into the fund and updated in their system. I used it last year cause can do online enrollment.
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After the first time online enrollment, can buy a new fund from another PRS provider?
footie_ft
post Jul 14 2020, 10:48 AM

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QUOTE(MUM @ Jul 14 2020, 10:44 AM)
Is it a CIMB prs fund you bought (new) in ppa platform?
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Yea. Principal PRS plus Asia Pacific ex- Japan equity A.
footie_ft
post Jul 14 2020, 10:50 AM

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QUOTE(GrumpyNooby @ Jul 14 2020, 10:44 AM)
After the first time online enrollment, can buy a new fund from another PRS provider?
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Yes. Selected the fund and bought one.

https://prsenrolment.ppa.my/
GrumpyNooby
post Jul 14 2020, 10:50 AM

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QUOTE(footie_ft @ Jul 14 2020, 10:50 AM)
Yes. Selected the fund and bought one.

https://prsenrolment.ppa.my/
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I didn't see Buy New Fund in my existing PPA account.
I only see Top Up only.
footie_ft
post Jul 14 2020, 10:58 AM

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QUOTE(GrumpyNooby @ Jul 14 2020, 10:50 AM)
I didn't see Buy New Fund in my existing PPA account.
I only see Top Up only.
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Oh... I think is during enrollment that I selected 1 fund. After that I didn't explore other fund anymore. Not sure, maybe need to go through enrollment again?

Sorry didn't get your question earlier.
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