data are available here....
http://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm

btw,...statement "I know PM is worse performing?"....looks like not correct lor...

This post has been edited by T231H: Dec 16 2015, 01:11 PM

Q: WHO IS ELIGIBLE FOR THE PRS YOUTH INCENTIVE RM500?

A: • For Malaysians only.
• Aged 20 and above but have yet to reach the age of 31.
• Accumulate a minimum gross investment amount of RM1,000 in a single PRS fund of a single PRS provider within a calendar year, between 2014 till 2018.
• Contributions from employers are excluded from this incentive program.
Scenario
Mr. A will be turning 31 on 27 December 2014. He has invested RM1,000 gross amount in PRS X on 27 November 2014. Mr. A will be entitled to the RM500 incentive from the Government as he made the contribution when he was 30 years old and within the period of 2014 to 2018.*

*Kindly make your contributions at least 1 month before your 31st birthday to allow your application to be processed in time for you to be eligible for the RM500 incentive.

http://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#27

Q: Can I withdraw from my EPF to contribute to the PRS?
A: The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature. Members are not permitted by law to withdraw from EPF to contribute to the PRS.

http://www.ppa.my/prs/prs-faqs/

just wondering why want to wait till the "last' date of 2015?
what happens if there some unforeseen happening...like system down, technical error, etc?
then no tax relief liow...

good answer...i think still not yet over..still got time, can try to think for a week or so

Is Deferred Annuity Plan Worth Investing?

Unwrapping PRUretirement Growth Plan As A Case Study
I unwrapped a similar program called Hong Leong Assurance Cash Promise.

http://invest-made-easy.blogspot.my/2015/1...plan-worth.html

Q: Can I withdraw the RM500 incentive?
A: No as the RM500 incentive will be credited into your sub-account A, which can only be withdrawn when you retire at 55 years old.

http://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#27

you cannot get to use the RM500 until retirement age

still want to put in at your current employment status?

"i won't lose the money if i don't do anyth and just leave them in the acc for the next 10 years right?"
yes you may not lose if you don't do anything...it will only shows when you want to redeem it .
leaving them for 10 years not monitoring and taking stock of its status and performance may not be a good idea as there are many risks involved...examples...
Returns Not Guaranteed
Investors should be aware that by investing in a unit trust fund, there is no guarantee of any income distribution, returns or capital appreciation.
Inflation risk
Inflation rate risk is the risk of potential loss in the purchasing power of your investment due to a general increase of consumer prices.
http://www.cimb-principal.com.my/Investor_...rust_Funds.aspx

This post has been edited by T231H: Dec 21 2015, 04:32 PM

Which sub-account can I withdraw from?
Pre-retirement withdrawals may only occur from sub-account B.

If I do not want to contribute to the PRS anymore, can I withdraw all my money and close my PPA account?
You can stop contributing to the PRS at any time. However, you are only able to withdraw all your money upon retirement age. You can make pre-retirement withdrawal from your sub-account B subjected to 8% tax penalty.

http://www.ppa.my/prs/prs-faqs/

This post has been edited by T231H: Dec 21 2015, 07:10 PM


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The private pension administrator has hinted that the age for withdrawal for private pension funds will be changed from the current 55 to 60 in line with the new retirement age for the private sector that comes in force on July 1.

“If you are retiring at 60, I would say you should take out at 60. That is when you need your retirement funds. Common sense will say that the Private Retirement Scheme (PRS) or even your Employees Provident Fund (EPF), let it stay to serve your retirement,” said Private Pension Administrator Malaysia (PPA) CEO Datuk Steve Ong.

He said there was no decision on raising the age of withdrawal yet for PRS but added that it would be addressed “as we go along.”

Currently, the entire fund in the PRS can be withdrawn upon reaching the age of 55 years, death or emigration.

The age for withdrawal was fixed at 55 as the retirement age was until now 55 for private sector employees. Now, with the new retirement age, there may be a need to change the age for withdrawal.

http://www.freemalaysiatoday.com/category/...prs-withdrawal/

found this while surfing....hope it is useful....
How To Select Unit Trust Funds?

"You may look at the performance of the funds but do not pay too much attention to period of a year or less as external factors beyond the control of the management companies may have influenced results. Ideally, a fund should be able to show consistent performance over a long period. Check the performance of a company's other funds to make sure that it was not just luck with one fund. However, be warned that past performance figures are no guarantee of the future. A fund that has performed well in the past may not do so in the future and vice versa. Go to Fund Performance for fund comparisons.
Finally, do not let another type of fund take your fancy simply because it produced better results than the one you had initially chosen. The fund may be more risky and may not meet your requirements".

http://www.publicmutual.com.my/Resources/U...ns/Lesson7.aspx

(as I am not sure about your financial status......as you don't need to do tax)
have a consideration of your current and further 3~5 yrs financial needs.
invest if you have surplus money and after you have the basic emergency fund filled up.
don't just aim for the RM500 gain......for this RM 500 (50% gain) can ONLY be taken out when you reached retirement age.
because of this possible "long" duration.....there is also a possibility of your PRS fund underperforming when comparing with other non PRS funds...thus this RM 500 would be diluted and in the end (after 30 yrs?) it may turn out to be "not so worth" investment.....

This post has been edited by T231H: Feb 22 2016, 10:37 AM

yes

How do I receive the RM500 incentive?
•You will receive the RM500 incentive in the form of units of the FIRST PRS fund that reaches the minimum RM1,000 gross investment amount. These units will automatically be credited into your sub-account A.
•If you have several PRS funds with a single or multiple PRS providers that reach the minimum RM1,000 gross amount on the same date, the RM500 incentive will be divided equally among these PRS funds.
•PPA will credit the RM500 into your PRS fund(s) after the cut-off date of end June and December every year from 2014 to 2018.
http://www.fundsupermart.com.my/main/resea...tive-RM500-4558

go read the link provided earlier....the answer to your question is there.

if the agent are
from the PRS provider of the PRS fund that I wanted to buy,
willing to come near my house/office to do the transaction, and
did not charge me SC (like FSM)....
then of course I would think buying from agent is better.

I would not imply much, because there are many unknowns
unknown to how much you know about UTs,
unknown to how much investment knowledge/experience you have,
unknown to much you know about risks involved and the investment objective and expectation......and so on, and so on....

normally agent will only advise and promote 'their" own products.....
and some agent charges more SC than FSM 0%SC
whereelse FSM is more unbiased.....they don't own any of the products...they are just resellers....
but if going into FSM alone may be bad (full of uncertainty) or troublesome for a newbie......
if that happens...and also at times for certain situation...to have an agent is useful
anyway FSM has CIS to guide if asked....

This post has been edited by T231H: Mar 9 2016, 11:38 PM

How to Invest in PRS?
http://www.ppa.my/getting-started/retireme...-invest-in-prs/

Providers & Schemes
http://www.ppa.my/providers/providers-schemes/

those that plan to invest in PRS because of income tax purposes ONLY will plan for 5 years till 2021.

"The tax deduction is effective for 10 years from the year of assessment 2012 until the year of assessment 2021".
http://www.hasil.gov.my/pdf/pdfam/PR_9_2014.pdf

for a start, pls be aware that this RM 500 cannot be taken out till retirement age.
Q: Can I withdraw the RM500 incentive?
A: No as the RM500 incentive will be credited into your sub-account A, which can only be withdrawn when you retire at 55 years old.
http://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#33

I would suggest,.....CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY
but that is just me...know your own risk appetite and confident.......some may just prefer RHB RETIREMENT SERIES - CONSERVATIVE FUND

try to understand what risk and expectation you want by this links
http://www.ppa.my/getting-started/funds-re...nd-performance/
http://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm
http://www.fundsupermart.com.my/main/fundi...erateTable.svdo

mode of buying?...if you don't want the "slight" hazzle or / and if you don't mind the 3% Sales charges....then I would suggest go thru agent (btw,...not all agent charges SC. ...some agent of the PRS providers do it for free).
but just select your PRS provider first, because most of the agent represent their own PROS provider....so they just suggest their own products.