And I saw there was withdrawal. From Account 2? Buy high sell low case?
And kena pay tax 8% or not?

I already pay 10 year PRS. After confirm, basically I no need to pay any more.

Any idea can I still enjoy tax relief if I purchase another PRS?

But look like it only extend till 2025?

https://www.ppa.my/prs-tax-relief/

Can recommend resh PRS that only pay 1-2 year for tax relief purpose.

during covid time can withdraw account b without penalty via email. i cleared all my account b during that time.

which one did you previously buy ?
i believe what you bought was deferred annuity plan by Insurance providers

But look like it only extend till 2025?

https://www.ppa.my/prs-tax-relief/

Can recommend resh PRS that only pay 1-2 year for tax relief purpose.

i dont know you pretend stupid or
you really are like that..

u failed to follow the points in contention!

if you follow
you could just admit it, and said NO, you did not buy it 8 years ago
You bought it only recently at high price eg...RM1.20  in 2021
case close

that chart there is past 10yrs TRACK RECORD ,
NOT returns projected by fund house
you dont trust it? takpa .

i have that PRS, i keep record

Dec 2016 RM0.80  i bought
2017 RM0.98 i bought
2018 RM0.95 i bought
2019 RM1.05 i skip
2020  RM1.15 i bought again
30.9.2021 RM1.26
2022 RM0.95 - RM1.00
2023 RM0.99  -RM1.04
2024  RM1.14 now

you still think that is window dressing chart?
a fake chart by fund house to cheat you?

i give up.

is like a guy who overestimated his own muscle power
entered  a Gym to tell others dont waste your time guys
i have broken my back working out here

add: If Gym is so good then why gomen must gip you RM2500 tax relief? ha ha .

Congratulations to you then. Please remember to invest more during the downturn. If you invested more than RM3k a year then i applaud you more that you have selected the right funds and have confidence investing more than the tax deduction limits.

Sorry if these questions are silly, a noob here.

1) The purpose of putting prs is to deduct rm3k from his income right? for example:

annual income: rm50k - rm3k = rm47000

so the chargable income drop from rm50k to rm47000, so the tax percentage he need to pay drops too, correct?
2) i heard that most unit trust are losing money, is it worth it to put the money in prs beside tax reduction?

Thanks everyone 

Sorry if these questions are silly, a noob here.

1) The purpose of putting prs is to deduct rm3k from his income right? for example:

annual income: rm50k - rm3k = rm47000

so the chargable income drop from rm50k to rm47000, so the tax percentage he need to pay drops too, correct?
2) i heard that most unit trust are losing money, is it worth it to put the money in prs beside tax reduction?

Thanks everyone 

But look like it only extend till 2025?

https://www.ppa.my/prs-tax-relief/

Can recommend resh PRS that only pay 1-2 year for tax relief purpose.

I don't think will end at 2025. They want to encourage Malaysians to save.. so likely will extend.

This PRS is more useful to those that dont want to learn investing themselves.. they will likely end up putting more money into it.

I don't think will end at 2025. They want to encourage Malaysians to save.. so likely will extend.

This PRS is more useful to those that dont want to learn investing themselves.. they will likely end up putting more money into it.

I add more than the min 3k as I also use prs as a "strategy diversifier" for my retirement savings.

First, I have my own DIY portfolio which Im the portfolio manager. Second, I also have EPF where the manager is the government appointed one. And finally, PRS which is a private sector one.

Of course, using my DIY portfolio, I try to beat the other two. However, Im open to the possibility that Im not as smart as I think I am and there could be times where these others beat me.

https://theedgemalaysia.com/node/710756

Full tax exemption being mulled for emergency private retirement scheme withdrawals, says SC

KUALA LUMPUR (May 8): Malaysia is considering full tax exemptions on withdrawals from private retirement scheme (PRS) funds for emergency purposes, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.