Private Retirement Fund, What the hell is that??
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 Dec 11 2013, 09:58 PM
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All Stars
11,954 posts Joined: May 2007   
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PPA very worst service.
Once they change their system, u need to re-register for the account again. Just wonder why their system administrator don't want to export the user database to new system. |
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Dec 12 2013, 12:06 PM
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Senior Member
1,104 posts Joined: Dec 2006
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Heard that the PRS will be charged 20% tax when we take it out.
Is this confirm? Any idea? thx |
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Dec 12 2013, 04:44 PM
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Senior Member
4,436 posts Joined: Oct 2008 
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Dear investors,
I have attached the official response from PPA regarding the tax query. From my understanding, the tax treatment of PRS remains status quo. Anyone else read it differently? Xuzen Attached thumbnail(s) 
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Dec 12 2013, 06:12 PM
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All Stars
52,874 posts Joined: Jan 2003
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For the mean, it's still as it was: 8% tax penalty for pre-retirement withdrawal from Account II.
But cannot guarantee that it will not change as per speculation. |
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Dec 13 2013, 06:26 PM
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh 
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QUOTE(kochin @ Dec 4 2013, 09:49 AM) just got my statement from public prs growth fund. bro kochin...i recommend u buy the edge weekly newspaper....back there got Lippr Rating Best Manage Trust Fund....there u can look which is the best that get Lipper Leadeer rating...dont be blinded by public bank or certain bank agent that offer u such product...public mutual used to be good in unit trust but i notice their return have been slowing down greatly...all their fund performance have been a bit dissapointing in recent times....check out eastspring investment(formerly known as Prudential Asset Mgmt), CIMB Principle....theri return on certain trust have been fantastic in this 3-5 years...damn pathetic! dec 2012, index was 1607.61. yesterday index was 1824.29 their fund return?! 3.22% and guess what, it's not net. another 1.5% or so goes to management fees. actual return is about 1.7%!!!! for whole freaking year. shame on you public. you dare to take 1.5% management fee when the fund you manage perform so badly. just entered hwang about 1 or 2 months. return already exceeded public full year!  |
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Dec 18 2013, 08:17 AM
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All Stars
21,309 posts Joined: Jan 2003 From: Kuala Lumpur
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Is the speculation/rumor true on full 25% tax on PRS full withdrawal at retirement age ?
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Dec 18 2013, 08:55 AM
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(ronnie @ Dec 18 2013, 08:17 AM) Is the speculation/rumor true on full 25% tax on PRS full withdrawal at retirement age ?  pls refer to the past few postings on this "almost" similar topic |
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Dec 18 2013, 09:48 AM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere
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QUOTE(yklooi @ Dec 18 2013, 08:55 AM) pls refer to the past few postings on this "almost" similar topic |
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Dec 18 2013, 10:14 AM
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All Stars
21,309 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(wongmunkeong @ Dec 18 2013, 09:48 AM) Post #424 to be exact But why does Rafizi keep saying otherwise.... maybe to gain political mileage |
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Dec 18 2013, 10:35 AM
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(ronnie @ Dec 18 2013, 10:14 AM) But why does Rafizi keep saying otherwise.... maybe to gain political mileage  maybe answer can be found at post # 425? |
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Dec 18 2013, 05:08 PM
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Junior Member
97 posts Joined: Dec 2013
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Dec 18 2013, 05:14 PM
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Senior Member
2,736 posts Joined: Dec 2006
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PPA annual fee is RM8
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Dec 18 2013, 06:33 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(Dennos @ Dec 18 2013, 05:14 PM) PPA annual fee is RM8 Not applicable for first year and on the year if no contribution is made into the particular fund. |
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Dec 19 2013, 08:46 PM
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Senior Member
2,406 posts Joined: Jul 2010 From: bandar Sunway
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how long does it take for PPA/CIMB Principal to send letter of notification & info on my shareholdings after i have submitted the forms?submitted it last wk
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Dec 24 2013, 10:57 AM
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Senior Member
1,058 posts Joined: Nov 2009
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Hi Sifus, I am going to invest in PRS for tax purpose, may I know which company offer better value?
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Dec 24 2013, 11:02 AM
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Senior Member
4,436 posts Joined: Oct 2008
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QUOTE(eugenecctan @ Dec 24 2013, 10:57 AM) Hi Sifus, I am going to invest in PRS for tax purpose, may I know which company offer better value? Public Mutual Berhad .... <snicker>....Xuzen |
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Dec 24 2013, 11:06 AM
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Senior Member
1,058 posts Joined: Nov 2009
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How about Deferred Annuity Plan from Maybank and Great Eastern?
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Dec 24 2013, 11:59 AM
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Junior Member
97 posts Joined: Dec 2013
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QUOTE(eugenecctan @ Dec 24 2013, 11:06 AM) How about Deferred Annuity Plan from Maybank and Great Eastern? Don't think those fall under Private Retirement Funds.Check out the providers and schemes here http://www.ppa.my/providers/providers-schemes/ |
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Dec 24 2013, 12:31 PM
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Senior Member
1,058 posts Joined: Nov 2009
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QUOTE(Average-Joe @ Dec 24 2013, 11:59 AM) Don't think those fall under Private Retirement Funds. But they are entitle for the 3k tax relief as well.Check out the providers and schemes here http://www.ppa.my/providers/providers-schemes/ |
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Dec 24 2013, 12:36 PM
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Senior Member
8,188 posts Joined: Apr 2013
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......have been often asked, “What is your personal preference, ie. PRS or deferred annuity?” Well, it depends on individual preferences. .....
http://malaysiantaxation101.com/2013/01/pe...ferred-annuity/ |
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