Private Retirement Fund, What the hell is that??
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 May 6 2020, 07:23 PM
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#41
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All Stars
12,387 posts Joined: Feb 2020 
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QUOTE(MNet @ May 6 2020, 07:22 PM) How the PRS withdraw 1.5k work? From Account 2/B only per PRS provider.Is the withdraw 1.5k will combination of PRS account 1 and 2?  |
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May 7 2020, 09:07 AM
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#42
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(MNet @ May 6 2020, 11:13 PM) Can take until the account B until 0? Yes as long as prevailing condition met: |
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May 13 2020, 05:56 PM
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#43
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(honsiong @ May 13 2020, 05:55 PM) Can't seem to find anything on PRS withdrawal's impact on tax relief. 3000.Say I withdraw RM1500 but deposit RM3000 in this year, am I reducing taxable income by 1500 or 3000? |
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May 14 2020, 09:59 AM
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#44
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(kino318 @ May 14 2020, 09:58 AM) Wah.. this is easy. FSM required me to snail mail all the form. Alternatively you can deal with the FSM provider yourself.I know Principal has online withdrawal service. |
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May 19 2020, 10:06 AM
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#45
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(LNYC @ May 19 2020, 09:58 AM) Hi, is t a good idea to buy PRS using EPF money? PRS outperform EPF?I highly doubt that. But if you're aiming tax relief, then why not? |
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May 20 2020, 11:25 PM
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#46
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(LNYC @ May 20 2020, 08:53 AM) thank you. i think is what cempedaklife said, approved UT Under iLestari, you can take EPF money from Account II and do whatever you want including investing into PRS.If you're referring EPF-MIS (iAkaun), it's not allowed for PRS. |
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May 21 2020, 08:37 AM
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#47
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(LNYC @ May 21 2020, 08:23 AM) this one is withdrawal and take cash right? thank you, will check it out. Direct into your bank account; up to RM 500 per month for 12 months. |
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May 21 2020, 10:50 AM
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#48
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(!@#$%^ @ May 21 2020, 10:48 AM) my account b withdrawal for AH moderate fund request received yesterday pm, and processed today. let's see how many days for the fund to reach my account You went to FSM? |
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May 21 2020, 10:55 AM
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#49
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(!@#$%^ @ May 21 2020, 10:53 AM) postage bang Postage to FSM KL? Or postage to AH? |
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May 21 2020, 11:57 AM
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#50
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(kino318 @ May 21 2020, 11:55 AM) if u r using FSM for PRS, then u hv to snail mail the filled forms to them. Yes and this is what I dislike! |
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May 21 2020, 01:24 PM
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#51
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All Stars
12,387 posts Joined: Feb 2020
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Received this via SMS;
RM0.00 Principal: Thank you for investing with us. Some of our fund names have been changed. Refer http://coe3.us/qFI0S for details. I'm sure we can deal directly with Principal even though we bought via FSM. |
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May 22 2020, 03:29 PM
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#52
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(!@#$%^ @ May 22 2020, 03:26 PM) just got feedback, AMPRS can withdraw via submitting the relevant documents to AMPRS email. May I know where to get those relevant forms? What is their email address? |
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May 23 2020, 01:53 PM
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#53
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(Eurobeater @ May 23 2020, 01:50 PM) I'm sure this question is probably asked somewhere in this tered, but I got too lazy to filter and search Nomination can be done at PPA website and it's free. But what is the cost of nominating someone in the PRS? Heard is around RM 100+ but just wanted to make sure. Not sure if that is what you're seeking for. https://www.ppa.my/make-your-nomination/ https://www.ppa.my/forms/ This post has been edited by GrumpyNooby: May 23 2020, 01:54 PM |
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May 23 2020, 02:10 PM
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#54
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(Eurobeater @ May 23 2020, 02:08 PM) Basically, a parent of mine has bought into one of the PRS funds managed by RHB and she wants to nominate one of her children. Much like in EPF. I can assure you that PRS nomination is free like EPF.The problem is the agent handling our fund tells us nomination is about RM100, which seems fishy since I couldn't find any such charges on the website you shown. Hence, my question You can bypass RHB and deal directly with PPA. There's form for it at PPA website. It's similar form which I believe RHB will give you the exact same form. PPA is the administrator and RHB is just a PRS provider and has to adhere to PPA regulations. |
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May 23 2020, 02:19 PM
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#55
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(Eurobeater @ May 23 2020, 02:15 PM) I see. In that case, I'll deal with PPA directly. How do we normally submit the form (and the photocopies of the IC) to them? By e-mail or by visiting their offices directly? I can't remember as I have submitted my nomination years ago.Maybe the SOP evolve over time. You may contact PPA via email/call. They're pretty responsive during business days. This post has been edited by GrumpyNooby: May 23 2020, 02:19 PM |
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Jun 3 2020, 02:10 PM
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#56
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(cHaRsIeWpAu^^ @ Jun 3 2020, 02:05 PM) anyone knows will the redemption of PRS affect our personal tax? Under which category of redemption? |
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Jun 3 2020, 02:19 PM
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#57
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(cHaRsIeWpAu^^ @ Jun 3 2020, 02:16 PM) under 1.5k mco. No tax impact if withdrawal under Economic Stimulus Package (MCO). |
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Jun 7 2020, 11:19 PM
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#58
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(edwin1002 @ Jun 7 2020, 11:16 PM) 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? |
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Jun 7 2020, 11:24 PM
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#59
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(edwin1002 @ Jun 7 2020, 11:24 PM) 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 |
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Jun 11 2020, 08:58 PM
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#60
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All Stars
12,387 posts Joined: Feb 2020
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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 |
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