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 Private Retirement Fund, What the hell is that??

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-CoupeFanatic-
post Jul 23 2019, 10:49 AM

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Q3 2019 already, but the RM1000 Youth Incentive Funds still not yet disbursed.

Starting to feel that PH gomen won't allow this incentive to be disbursed...
-CoupeFanatic-
post Jul 23 2019, 11:01 AM

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QUOTE(T231H @ Jul 23 2019, 10:55 AM)
Previously some mentioned...there is a stated allocated budget....maybe fully subsribed?
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At the time of registering for an account, the sales person assured me that the quota has not been fully filled yet, still a bunch of quota left...

Also, there is no announcement from PPA to let us know if it is fully subscribed.
-CoupeFanatic-
post Jul 23 2019, 11:43 AM

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QUOTE(T231H @ Jul 23 2019, 11:26 AM)
Pethaps more constructive n effective is to check back with the sales person or ppa itself?
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yes that's the first thing i did, i wanted to check with her. but I walked in and the employee is no longer working there.
-CoupeFanatic-
post Jul 25 2019, 10:33 AM

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Just checked today and confirmed that I have received the RM1000 youth incentive bonus from government. rclxms.gif
-CoupeFanatic-
post Jul 26 2019, 10:20 AM

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QUOTE(yokoloco @ Jul 26 2019, 08:56 AM)
same. checked just now, realized its in.
cukur #rinduzamanNajib  laugh.gif
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hahaha why are we so easily satisfied.
-CoupeFanatic-
post Aug 13 2019, 05:14 PM

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QUOTE(KeithWhis @ Aug 7 2019, 05:20 PM)
Talk to your PRS agent ask them do direct debit every month to make your contribution RM3k every year then at year end claim tax. Win-win and hassle free smile.gif
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for those who are in it for tax relief purposes, do note that the incentive is currently only up to year 2021, unless government mentioned otherwise in the future.
-CoupeFanatic-
post Aug 13 2019, 05:23 PM

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QUOTE(Area51SE @ Aug 12 2019, 12:57 PM)
Just checked PPA website and found out that the RM1,000 youth incentive was credited already. Finally, after 1 year of waiting  rclxms.gif
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Congratz, I think most of us here waited no more than 1 year, but at least you got it! smile.gif let the compound effect begin.
-CoupeFanatic-
post Oct 21 2019, 11:27 AM

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QUOTE(cucikaki @ Oct 18 2019, 06:45 PM)
I put RM1k in PRS in the year where govt give additional RM1k in PRS for ppl below 30.

Just receive my PRS statement via email (never bother before) but this time i decided to open and see.

My total money now is RM1.5k. LOL. From RM1k myself and RM1k govt.

My PRS is managed by CIMB.
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u sure u not get rm500 instead of 1k? check back and see
-CoupeFanatic-
post Oct 21 2019, 11:49 AM

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QUOTE(cucikaki @ Oct 21 2019, 11:43 AM)
Yes sure. I get rm1000 from government. I think RM500 is for YA2016. For YA2017-YA2018 it’s RM1,000
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not sure how the portfolio perform so badly. In any case, your return is still 50% overall. drool.gif drool.gif

 

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