My latest statement for PRS from AHAM says this



Can I still claim RM3000 in my Income Tax PRS relief for Y2024??

This post has been edited by ronnie: Jan 5 2025, 12:19 AM

If I can still recall it correctly, that 3000 max is the total you pay to buy the PRS which also includes all other fees and charges.

Just for some fun,
3000 @20% tax bracket, will pay 600 less tax
2992 @20% tax bracket, will pay 598.40 (598) less tax,... a RM2 variance between claiming 3000 vs 2992

For this year, is the recommended PRS fund still Principal PRS Plus Principal RetireEasy 2050 - Class C?

No. Depends on what you want and your risk profile.

This post has been edited by Ramjade: Jan 5 2025, 09:23 AM

https://www.ppa.my/wp-content/uploads/2024/...-PRS-Funds2.pdf



Attached thumbnail(s)

My objective is to obtain the highest return.

I can tolerate the risk of the potential drastic drop in the NAV of the PRS fund, as long as the return should be the highest many years later.

Highest return one year does not means highest return forever. Lots of Malaysia focus funds are doing great last year cause oversold.

You can chase and be at the party/late to the party or go for consistent returns. As you can see in the pic principal retireeasy is not in the pic. Your choice.

hi,may i know is this mean
example
AHAM PRS Growth 1 year return is 10.96% and 5 years return is just 3.40%?


This post has been edited by Dyson Jin: Jan 6 2025, 12:00 PM

Annualised means on average the past 5 years each year just 3.4%, but last year was 10.96%. This is VERY poor performer, given 3.4% is lower than whatever conventional safe asset you could invest in.

yes indeed,if not because of 3k tax relief,i wont topup as well.
Still got charges&fees
Tax relief until 2025,if no extend,then will stop topup..

If you use FSM for example, you can just opt to buy a different fund

ayam just use versa..haha
anyways 3k topup per year only
other fund masuk lain lain tempat

I think it is an annualised %, not a total cumulative %

Please don't use versa. The marketing trick used by versa by giving you free money to buy versa is not worth buying AHAM funds.

I would forego the reward and choose a good fund as reward is one time only and good returns should be consistent until.

my pick for 2024 was Public Mutual PRS Equity, both 1-year and 5-year track record are consistent and show promise. I think highly likely i'll pick the same for 2025

how much was the fees when you bought for 2024?

heard about their prs funds but their website is just hard to navigate.

Cant find historical price movements and fees.

Cant find summary what their recent investments, only info found was the investment disclosed in their previous annual report dated March 2024.

3% service charge to buy.
The standard 1.5-1.8%p.a annual expense ratio.

By choosing public mutual you are already losing 3% out of the gate. So the returns better be better than other funds that can be bought from FSM as FSM is zero percent service charge.

This post has been edited by Ramjade: Jan 6 2025, 03:16 PM

oh dear...alright luckily is just first time using versa..so stuck 3k there only..might consider FSM as per advice here

If they got good funds, it's a different story. I think you can contact FSM and ask them if you can transfer over to them or not.

Anyone knows any PRS which has exposure in China?