Thanks for the info. Not good. Cannot even match EPF returns

There are 100s of prs and maybe only 5 that can beat epf return

Put fund into prs to reduce income tax but risk lower return. Is what people need to consider.

Did my UT many years ago. Will never touch it anymore.

That's why be smart. Choose the good prs and not the rubbish one.

I would like to know this too. What is the diff between Class A, C and X? Hope sifus here can help shed some lights.

https://www.ppa.my/fees-comparison/

anyone can advise how do i request for switching fund using PPA portal? From the menu, i don't see any options for me to do fund switching

Got form you need to fill up one.

Deleted.

This post has been edited by thecurious: Dec 9 2023, 07:32 PM

While waiting for value added responses, I googled and found this. Hope they can provide you with some info while you wait for responses.

".....WITHOUT the need to submit paper documents to us when you buy through FSMOne Mobile Web and Mobile APP!

Below are the steps to place PRS purchase order online through FSMOne Mobile WEB (key in www.fsmone.com.my in your mobile phone browser) and FSMOne Mobile APP (download our app from Play store for Android users and App store for IOS users).

FSMOne Mobile WEB
Step 1: Login to your FSMOne Account via Mobile Web and ...........
...........
.........."
https://www.fsmone.com.my/funds/research/ar...e-details/11419

Caveat emptor, ...Best is you contact them to confirm if those steps are still valid, as that was a year 2019 article

This post has been edited by MUM: Dec 7 2023, 03:42 AM

i'm able to download the form, then how to submit the form?? already read through the FAQ section, but instruction is not clear or i overlooked i don't know lol

Back to your provider. If you are switching between Principal funds, send to Principal.

If from Principal to saw, Hwang. Contact Hwang and ask them to facilitate.

anybody knows where to get the prs statement for principal? i heard ldhn doesn't accept statement from 3rd party ie FSM if you buy via FSM

Call principal. They will send you via email.

Wouldn't PPA.my be the right place to get the Tax Relief statement ?

that's where i searched first, but doesn't seemed formal. i can only see account summary, contributions, withdrawals and annual statement. under contributions of a particular year, it shows the transaction date, provider, fund and the net contribution in a table form. no proper header or description. not sure whether lhdn will accept that, seeing they dun accept from fsm as well. just organizing my paperwork in case needed in the future.

No. Lhdn wants official statement from say principal or public mutual.

I kena audited by them before. Give FSM statement, not recognised. Give principal statement only accepted.

This post has been edited by Ramjade: Jan 1 2024, 12:00 AM

Is the tax relief up to RM3,000 on contribution to a Private Retirement Scheme still applicable for Year 2024? When can we sell/liquidate the fund? Thanks,

PRS Liquidate without fees after 55 years old

PRS Tax Relief until 2025 (unless extend later)

This post has been edited by ronnie: Jan 4 2024, 12:05 PM

thank you boss
a few more years to go (for me), hope the market then is good.

if the tax relief is only until 2025
hope the market is bad for this period until we fully utilise the relief, so we can buy it at a lower cost/cheap.