Thanks Kaka for the reply. Have a good day. Cheers.

Yupp. The government tax incentive of RM500 is not included. Therefore, to max your tax relief, you'll still need to pump in RM3k per year.

Private retirement scheme's AUM to exceed RM1b by year-end


http://www.thestar.com.my/Business/Busines...-end/?style=biz

RM 800 000 000 DIVIDED by 140 000 = RM 5700 per contributor = most invested to pay LESS taxes??

looks like it

i thought is max rm3k yearly to pay less tax.


im one of them ......prefer gov own me money - not i own gov money

This post has been edited by felixmask: Apr 22 2015, 06:30 PM

Since 2012, it means 2 years.

The average would be RM 6k per contributor as 2 years have lapsed with RM 3k max per year.

Just got my PRS youth incentive!

me too, cheers!

Same here. Just received them yesterday. Hehe.

Speaking of PRS, for today and onwards, which fund will you invest in? and why?

I asked my friend about this prs thing~ She is a banker, she told me that this prs is not secure~ not sure what will happen in a long run because it is very new.. I'm wanted to join but..after she said that...im bit sceptical... she said just save my money in asb~,, >...<"

Of course if you have ASx, it'll be better.

Nothing is secured; not even your EPF.

PRS is just a supplement to your EPF. It's like unit trust in the disguise of EPF.

Maybe can diversified?!

PRS is very safe even in comparison to most investment including unit trust as it even have a proper governing body which is the Private Pension Administrator (PPA).

In order for an asset management company to do a PRS business, they need to adhere very strict regulations and policies hence the reason you don't see all asset management/insurance company doing it. Nevertheless, it does carry investment risk similar to unit trust.

In the long run, PRS are most likely to give our better returns than ASB, so if you are still quite far away from retirement, just go with PRS especially if you want the tax deduction and youth incentive. If you're like 5 years away from reaching 55 years old, better just put your money in ASB.

Best thing I've heard from a client was that PRS invest in 1MDB which was told to her by an MDRT insurance agent. If you have time, read the prospectus of a PRS fund, at least you'll have a better idea of how PRS works.

I am toying with the idea to save (invest?) in a PRS fund - mainly for the tax incentive, a couple of years missed d but better late than never.

I cant find a site or blog etc that allows me to compare btw the different PRS providers and how they had been doing over the past few years since launch. Can someone share a link?

I already invest in PM so not considering that for PRS and someone mentioned Affin is one of the better ones. Not sure why she said so though.

How did you guys decide which PRS fund management comp to go with. thanks.

while waiting you may try this site if you want...
Top Performing PRS Funds as of 6th May 2015
http://invest-made-easy.blogspot.com/2015/...of-6th-may.html

Morningstar is your best friend forever when it comes to investing in PRS.

Xuzen

This post has been edited by xuzen: Jun 2 2015, 03:12 PM

are we allow to switch the rm500 given by the govt to other prf fund?