still can go for PRS with 0% sales charge such as hwang

I'm 30 years and 4 months old, am I eligible for the RM500 incentive?

According to FSM guide, it's according to your birth date:

http://www.fundsupermart.com.my/main/resea...?articleNo=4558

But I won't want to take the chance. However, if you're already contributing to a PRS fund previously, this won't matter and it just an extra bonus for you.

Don't take it this is a lame excuse to start a retirement scheme or investment for your golden age.

Read the details that this RM 500 incentive is credited into Account I and can only be withdrawn at the age 55.

Most of the rebate given by the government is for low income group. For those middle to high income group will not benefit at all which i think its fair. I feel good for PRS especially Hwang Shariah Fund. Its growing strong with gain of 8% since last year. The bad thing is u cant take it out

eh - U did proper due diligence or not ar?

The PRS rebate is for "youngsters" - not "low income group".
There are 25-30 year olds making more than old uncles like me

Who said U can't take out? Either 50 can take out all
OR
PRS A/c B - can take out anytime but kena taxed 8% coz tax relief given for the year input/invest.
Imagine tax relief get 26%, then take back out pay 8%...

NEXT!

my guess is... you are eligible

prs youth eligibility...

It's worded in such a way... as long as you don't turn 31 in 2014. but need confirmation from someone in the know.

since you are like borderline case.

Who is eligible for the PRS Youth Incentive?

•Aged 20 and above but have yet to reach the age of 31

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

read more
http://www.fundsupermart.com.my/main/resea...?articleNo=4558

is ther any criteria like earn below certain amount in order to eligible for the RM500 incentive?

click at the link at the above post and read...the answer to your question...is there.

no

PRS Youth Incentive

waiting to see after 30 june(1st half cut-off date) if the $500 will be credited haha!
btw my CIMB AsiaPac Equity PRS return is now about 5.5-5.8%,i think someone mentioned before if this fund do well, hwang PRS funds can do even better haha!
growth PRS are still slow and steady

what's your view on Kenanga One PRS?

We are already in the midst of discussion with Kenanga Investors Berhad to bring their PRS funds on our platform. However, we are unable to reveal the available date at the moment.

Lastly, rest assured that no platforms shall be imposed on investments for EPF funds and PRS funds.

Hope the above have have answered your queries.

YES...you are Right, to think that the someone is correct....for now to say, if CIMB AsiaPac Equities PRS returns is now 5.5-5.8%, Hwang PRS funds can do better...because; one of hwang PRS fund is at 6.54% up since 20 Jan 14

This post has been edited by yklooi: Jun 8 2014, 03:08 PM


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Any comment on the maybank smart retirement xtra plan?

better than PRS

Which area? Money only return from 60 to 70 year. Too old to use.

http://www.maybank2u.com.my/WebBank/SRX%20brochure_15Mac.pdf

Hm.. English?

Page 4?
Front end charge:
25% 1st + 2nd year
20% 3rd year
10% 4th year
5% 5th to 10th year

Page 3?
Taking average of high (6%) & low (3% and still NOT guaranteed), $58,723 is the return after 10th year (unclear - if more than that, worse), which is about 11.36%pa
Low would be 3.78%pa (still not guaranteed!)
& High be 16.57%pa

so.. in your opinion, which portion is better than PRS?
Especially PRS with 0% front end charges?
The $10K death insurance?

invest in PRS u will have possibilty negative return

true.
but what is the probability of PRS negative returns,
given a 10 year time frame
AND every year invest $3K (DCA per year or DCA every 4 mths $1K)?

i do agree that annuities are useful for some purposes - especially for those that NEEDs assurance.
for others, locking in the $ for 10 or more years and getting FD or slightly better than FD rate may not be too enticing, especially if they've other $ locked in with EPF.

Just thinking

This post has been edited by wongmunkeong: Jun 8 2014, 09:09 PM