since they are above 55 yrs, i think they can withdraw every year
contribute every year, tax benefits every year, then withdraw every year

As a member of a Private Retirement Schemes (PRS), when can I make full withdrawal from PRS?
Currently, members are eligible to make a full withdrawal from the PRS upon reaching the age of 55. However, the SC may specify any other age from time to time. Members would be informed if any changes are made to the current specified age.
more info here....
http://www.ppa.my/prs/prs-faqs/

Q: Can I switch my PRS funds?
A: Yes, you can switch between the funds of the same fund providers. There is no switching fee and also no restriction to the number of switching transactions EXCEPT for below Fund Houses.
•CIMB Principal Asset Management - 12 times* free switch per calendar year

•Manulife Asset Management Services Berhad - 12 times* free switch per calendar year

* one time switching per month

Q: Can I transfer my existing PRS holding to another PRS providers?
A: Yes. you can transfer your PRS holding to another PRS providers.
However, the transfer only can be done after one year from the first subscription date. You will need to pay for PPA transfer fee of RM25 per request and others related transfer fee (if any).

http://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#19

Do you mean PRS fund should not have sales charges?
but I found this wor....

http://www.publicmutual.com.my/LinkClick.a...h4%3d&tabid=496

btw,..i kena 3% SC when I bought the PM PRS fund.

This post has been edited by T231H: Apr 26 2016, 07:46 AM


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as ponited out by others earlier....some fund houses has NO Sales charges for PRS funds.

yes, you only get 1 year tax relief.
but if the cycle were to be repeated and if the situation were too....
CAGR has dropped to 3.XX % p.a. (3 year historical data). The highest it went was 6.XX%. However if taken in context of the tax saving, the CAGR then becomes 16.XX% p.a.. (I am using the 24% tax bracket for purpose of calculation)
then the "gain" will be as mentioned too.

You mentioned.....including pm prs funds.....pls check yr source again.

this I am TERASA....why do I terasa?...because of the word "Isn't that what you people are good at?"

I rather be in "A flock of crooks can make themselves look good and on the meantime still "taking on young people THAT talked nonsense half baked statement, rather THAN be in a flock of good men that try to make themselves looks good by NOT taking on young people that talked nonsense, or talked baked statement."

I may be a crook
in any forum, everyone got the right to express their opinion on any topic, but please be able to back it up with fact when challenged rather than "accusing/blaming" others

I am easily terasa kind

MUCH better than some FH UT investment where one starts with -5.5%.....

and if the answer to the above is as like this as below ..... then

This post has been edited by T231H: May 2 2016, 09:07 PM

you had been mentioning too much that and something like you are new and that people here want to "kick' you out, people here are flocks of crooks that conspired to "taking you down"...

with that in your head......you will never learnt.....
until you have learnt to open up your mind to see, what you have stored in your mind is NOT TRUE

until then,
you just have to admit it that your PM fund SC just charges > double that what we can find online....
PM funds are no sure way to be better than most of us can find online

this is a FBIH forums, and I believes People in here will take down only those that is not facts based talker and no one else.

yes that is true....with no guarantees of knowing which directions a purchased funds would go, if based equally on past performance history, fund objectives, risks, volatility ratio,...YES, cheaper SC counts and therefore much more effective.

OPEN up your mind.......they are for your betterment in life....

btw, so far what facts have you given ? pls input (in short)
let me start.
1) PM sales charges is more that 2x more than what others can find.
2) PM PRS funds has 3%SC will other can find 0% on line
3) PM funds have some good and bad performers just like other FHs
4) you cannot tell how you as a PM agent can ADD value to an online the investors that frequent here.

when you cannot answer, you can just "accuses" others of conspired to "take" you on.....well maybe that is your karma?
(you mentioned karma a few times...)

btw, to answer you comment about " Just invest on what you like, cheap and high returns".......well most people here would not just invest in a fund because it is cheap and has past high returns....even though they are tempted at times.

so you have still yet to mention the facts that you said you had given....

the mgmt fees and other fees are usually pro rated daily and deducted from the daily NAV...which means you cannot see it. What you see is the NAV up and down to reflects the profits/lost
but the 3% SC is directly deducted from you investment amount...which you can see directly just after you buy in.....

Try these FAQs...hope your answers are there
http://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

else contact them?
http://www.fundsupermart.com.my/main/home/clientCare.tpl

Yes.....30% of what the current value is and pay 8% tax

Who mentioned 30% fees?
U can only wthdraw max 30% of what the current value is & pay 8% tax....NOT fees

Accont B...is how many %?
What you hv at current value is in account B...
What is the % you hv at account B?
How many %?

Howmany % is used to pay the insurance charges?

Prs if got no moey can stop....annuity plan can? Tax relief is expiring in a few years...

My better may not be for you...there are other factors to consider too....ex...risk appetite