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Private Retirement Fund, What the hell is that??
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!@#$%^
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Jan 5 2024, 10:12 AM
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QUOTE(tehoice @ Jan 5 2024, 10:04 AM) if the tax relief is only until 2025 hope the market is bad for this period until we fully utilise the relief, so we can buy it at a lower cost/cheap. that would mean ur previous 'earnings' will drop too
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tehoice
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Jan 5 2024, 10:48 AM
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QUOTE(!@#$%^ @ Jan 5 2024, 10:12 AM) that would mean ur previous 'earnings' will drop too <from my perspective only> a few years drop is fine, as i have another 20++ years to go before I can withdraw from the PRS. so I guess there would be enough time for it to grow over time, substantially. However, the same cannot be said to you, if you are retiring in the next couple of years.
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ronnie
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Jan 5 2024, 11:01 AM
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How fast can we get Tax Relief PRS statement from our PRS provider ? Is there a special place to download it ? Or do we get from PPA.my ?
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Ramjade
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Jan 5 2024, 11:48 AM
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QUOTE(ronnie @ Jan 5 2024, 11:01 AM) How fast can we get Tax Relief PRS statement from our PRS provider ? Is there a special place to download it ? Or do we get from PPA.my ? Contact your PRS provider via customer service via email. For me principal is very fast. Email 1 working day get reply already. But 2023 statement not ready yet.
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ronnie
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Jan 5 2024, 12:11 PM
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QUOTE(Ramjade @ Jan 5 2024, 11:48 AM) Contact your PRS provider via customer service via email. For me principal is very fast. Email 1 working day get reply already. But 2023 statement not ready yet. AHAM has the statement function for any customised period. Can that be used or there's special LHDN approved version ?
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!@#$%^
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Jan 5 2024, 12:22 PM
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QUOTE(ronnie @ Jan 5 2024, 12:11 PM) AHAM has the statement function for any customised period. Can that be used or there's special LHDN approved version ? AHAM will send u official receipt after purchase
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ronnie
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Jan 5 2024, 12:23 PM
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QUOTE(!@#$%^ @ Jan 5 2024, 12:22 PM) AHAM will send u official receipt after purchase Do we use that "deposit receipt" or is there a special LHDN approved statement ?
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!@#$%^
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Jan 5 2024, 12:28 PM
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QUOTE(ronnie @ Jan 5 2024, 12:23 PM) Do we use that "deposit receipt" or is there a special LHDN approved statement ? no such thing as special approved statement. lhdn just wants proof from the provider instead of any 3rd party such as fsm or eunittrust.
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tehoice
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Jan 5 2024, 12:44 PM
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Private Pension Administrator owned by?
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ronnie
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Jan 5 2024, 12:58 PM
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QUOTE(tehoice @ Jan 5 2024, 12:44 PM) Private Pension Administrator owned by? Launched together with the establishment of the PRS on 18 July 2012 by Malaysia’s 6th Prime Minister, Dato’ Sri Mohd Najib Tun Abdul Razak, PPA is a body approved by the Securities Commission Malaysia to protect PRS members’ interests and educate the public on PRS.
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Ramjade
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Jan 5 2024, 01:00 PM
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QUOTE(ronnie @ Jan 5 2024, 12:11 PM) AHAM has the statement function for any customised period. Can that be used or there's special LHDN approved version ? As long as got AHAM letterhead/symbol should be no problem.
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!@#$%^
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Jan 5 2024, 01:13 PM
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QUOTE(Ramjade @ Jan 5 2024, 11:48 AM) Contact your PRS provider via customer service via email. For me principal is very fast. Email 1 working day get reply already. But 2023 statement not ready yet. mine kept being delayed because of the prs policy id which i have no idea what that is
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Ramjade
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Jan 5 2024, 01:19 PM
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QUOTE(!@#$%^ @ Jan 5 2024, 01:13 PM) mine kept being delayed because of the prs policy id which i have no idea what that is Just shoot customer service an email. Unless their customer service is same as their brokerage then good luck. I don't have any reply from affin hwang brokerage customer service. Lol. This post has been edited by Ramjade: Jan 5 2024, 01:20 PM
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!@#$%^
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Jan 5 2024, 01:28 PM
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QUOTE(Ramjade @ Jan 5 2024, 01:19 PM) Just shoot customer service an email. Unless their customer service is same as their brokerage then good luck. I don't have any reply from affin hwang brokerage customer service. Lol. already did. i gave my name, my ic, my address and my ppa account number. then the fella said cannot verify cus no prs policy id. the thing is i never received any receipt or statement directly from PRS. trying to be funny i guess.
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Ramjade
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Jan 5 2024, 01:28 PM
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QUOTE(!@#$%^ @ Jan 5 2024, 01:28 PM) already did. i gave my name, my ic, my address and my ppa account number. then the fella said cannot verify cus no prs policy id. the thing is i never received any receipt or statement directly from PRS. trying to be funny i guess. You buy using versa?
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!@#$%^
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Jan 5 2024, 01:34 PM
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QUOTE(Ramjade @ Jan 5 2024, 01:28 PM) fsm
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Ramjade
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Jan 5 2024, 01:38 PM
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QUOTE(!@#$%^ @ Jan 5 2024, 01:34 PM) I suggest you ask them where to get this prs policy id. Cause you give IC and PPA number should be enough la. This post has been edited by Ramjade: Jan 5 2024, 01:42 PM
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!@#$%^
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Jan 5 2024, 01:45 PM
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QUOTE(Ramjade @ Jan 5 2024, 01:38 PM) I suggest you ask them where to get this prs policy id. Cause you give IC and PPA number should be enough la. yup. so incompetent these ppl.
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ronnie
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Jan 5 2024, 03:06 PM
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QUOTE(Ramjade @ Jan 5 2024, 01:28 PM) Buy PRS via Versa is super easy... true paper less (except nomination) Then can get AHAM statement for Tax Relief. There's another Annual Statement when you logon to your PPA account...still empty for 2023 This post has been edited by ronnie: Jan 5 2024, 03:10 PM
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tehoice
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Jan 5 2024, 03:12 PM
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QUOTE(ronnie @ Jan 5 2024, 12:58 PM) Launched together with the establishment of the PRS on 18 July 2012 by Malaysia’s 6th Prime Minister, Dato’ Sri Mohd Najib Tun Abdul Razak, PPA is a body approved by the Securities Commission Malaysia to protect PRS members’ interests and educate the public on PRS. that's why i believe there should not be any reason why LHDN cannot rely on the statement issued by PPA as supporting.
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