Yes, if u want to avoid penalty
Having said tat, u can withdraw anytime subject to payment of penalty

Thanks sir, the average returns should be outrun epf right?

Public, not sales charges.
how long do you mean ?
No sign show they could generate gain at the moment

Fund prices lowest means "cheapest"?

Don’t Judge A Fund By Its Price!
Investing Basics
It is a common misconception for investors to believe that a lower fund price makes a fund ‘cheaper’. In fact, whether a fund is expensive or not depends strictly on the valuation of its underlying stocks or bonds within its portfolio perform; the unit or the NAV price of the fund bears little significance.

wow,...with that got 3% SC some more...really happy choosing lor
I googled and found this knee jerk reaction in investing meaning in simple plain English...hope it helps....
https://www.google.com/?gws_rd=ssl#q=knee+j...sting&*&spf=734

if you keep buying when the NAV go down, ,...soon you will be out of money to buy....
do you know how many times does the Nav of a funds fluctuates more than 1% per year?
unless you are in MM funds

1% down is also NAV go down case...cost per unit is lowered....

Let's talk about something more interesting

Singapore has their version of PRS before us. Today I decided to take a look at how it works
http://www.mof.gov.sg/Portals/0/MOF%20For/..._summarised.pdf

I like wor, the tax savings is a lot more substantial than the RM3,000 per year for 10 years. The cap is SGD12,750 per year although 50% of it would be taxable after you are retired, but assuming using the existing Msian tax regime, the effective tax rate would have been much lower and therefore still save compared to paying the taxes today

Besides, the flexibility in type of assets that you can invest in is also much better. Within the unit trust sphere it's also not as limited as PRS's

I think if the gov's main objective for PRS is to boost and supplement Msian workforce's retirement savings. SRS is a lot more superior. Why copy also cannot copy properly one 

only 8 company be approved..

commision also 5%????

buy reits better right?

only is cannot be sell before 55 age.
The Private Retirement Schemes are offered by PRS Providers who are approved by the Securities Commission Malaysia.
The eight (8) available PRS Providers are:
CIMB-Principal Asset Management Berhad
|          603 – 2084 8888
|          603 – 7718 3100
|          -
|          service@cimb-principal.com.my
|          www.cimb-principal.com.my/prs
Public Mutual Berhad
|          603 – 6279 6800
|          603 – 6207 5000
|          603 – 6277 9800
|          customer@publicmutual.com.my
|          www.publicmutual.com.my
RHB Asset Management Sdn. Bhd.
|          603 – 9205 8000
|          1-800-88-3175
|          603 – 9205 8100
|          rhbam@rhbgroup.com
|          www.rhbgroup.com
AmFunds Management Berhad
|          603-2036 1800 / 603 – 2032 2888
|          -
|          603–2031 5210
|          aminvestprs@aminvest.com
|          www.aminvest.com
Affin Hwang Asset Management Berhad
|          603 – 2116 6000
|          1-800-222-777 (PRS)
|          603 – 2116 6100
|          customercare@affinhwangam.com
|          www.affinhwangam.com

是的。是AFFIN BANK集团的公司。前5家公司是大马5家银行集团的公司！！！

 
AIA Pension and Asset Management Sdn. Bhd.
|          -
|          1300 22 7771
|          603 – 2056 3692
|          MY.APAM_HELPDESK@aia.com
|          www.aia-prs.com.my
Manulife Asset Management Services Berhad
|          603-2719 9228
|          1300 13 2323
|          603-2092 1025
|          PRSinfo_MY@manulife.com
|          www.manulife.com.my
Kenanga Investors Berhad（原本是ING FUNDS的，应该是被AIA收购了，政府把这个空位给了KENANGA！！2012的名单是没有KENANGA的！）

|          1-300-88-1PRS (1777)
|          -
|          603-2172 3133
|          OnePRS@kenanga.com.my
|          www.kenangainvestors.com.my
6483 KENANGA 肯納格投行
Kenanga Investment Bank Berhad

5家大马银行集团的公司

CIMB-Principal
Public Mutual
RHB AM
AmInvest
Affin Hwang AM
2家外国公司，1家大马金融公司。
AIA
Kenanga Investors
Manulife AM

But if that's the case, not eligible for tax exemption for PRS, right?

Let me clarify with sifu wong. When you topup EPF,  money masuk which account?

did it mention about the max age to qualify?
https://www.sc.com.my/home/special-incentiv...lief-incentive/

that is actually a good age....can buy funds at 0% SC and invest to get tax relief then can withdraw anytime with no penalty....
(maybe there is a minimum holding period for new investment......)

Btw, anyone managed to switch PRS funds?
Wonder how is the process like and any charges to it, asking because of an impending crash

I have signed up via fundsupermart, just wondering if there is no charges, why would fundsupermart help us to submit our fund? What do they get in return.

Which means I only need a capital of RM3000 to claim tax relief continuously up till year 2021? As I have hit the retirement age. Wow. I couldn't find anything that says it requires a certain holding period.

It's not really a loop hole.
When you invest in PRS you're subject to loss due to initial SC by PRS provider and/or NAV downward movement.
The return is not guaranteed as in SSPN/EPF/saving plan.

Even FI and bond fund also subject to downward movement of NAV.

24%? Whale 🐳

if want better return learn to invest in share market.. better potential and easier to sell and buy..