I do believe PRS have other good points versus FD.

1. discipline saving, because you can't withdraw. If you still wan't to withdraw (Account B), you will need to pay levi to government 8%, which is a loss. PRS withdrawal is not an option if you asked me.
2. Tax saving, unless your income bracket is not within this.
3. Super long investment horizon, if you are 30y.o., horizon is at least 20years, 40y.o. at least 10years. Cannot compare to Normal UT.
4. Takaful protection based on investment volume. (not all, please check your agent)
5. Taxed, similar to UT, so no need to declare.
6. account to only 6% of malaysian population, you will be eligible to get PRS youth incentive amounting 1000 from government for your saving of your own money 1000.

For PRS fund, most of it is still quote new. 5years the most.

Betul lah tu.... Setuju apple to mango

Bottom line, have Malaysian give it a deep thinking on their personal financial planning? What is their income tax strategy?

Anything from Malaysian Budget they have fully utilized to enjoy rebate/incentives?
PRS is sure listed...

Nobody knows, sorry.

Arguably, KWSP have been there for I donno how long. The government is there almost 50 over years.
Most of UTMC, company that sell Unit Trust is as old as 30 +- years.

Agreed, switch only if it is cheaper and safer, better fund out there.
Always calculate your lost once switching comes to your mind

I have been deposit some of my money to my PRS account and my wife's. I do think PRS is a lot safer than conventional Unit Trust.
Why I am saying that is that normal Unit Trust have this Diversification for you, at a reasonable price.

Unit Trust

If you are nobody, to get diversification using your own money, you buy share by yourself, in my calculation in the past PIEF (it's a public mutual product) based on 2014 annual reports, you need to have 100k minimum for a sets of share of diversification.

But by having it only by units, you can start investing with the same level of diversification (do not put your egg in one basket) at roughly around 1000 ringgit, and you will get roughly 4000 units. You share with fellow investor which also on the PIEF the cost to accumulate 100k for a set.

PRS vs Unit Trust

Then you have Feeder fund, or FUnd of Fund. Where one fund in PRS is consist of a few other Fund which is each is already well diversified. Diversify a diversified portfolio.

So this is my gut feeling, PRS with the same level 4 risk is not as risky as than comparable Unit Trust of risk level 4. So, don't think too much, go for the highest risk if your appetite is big like me. You have ample time to retirement anyway. Stay on one fund, trust me it is very well diversified.

This post has been edited by AbangCorp: Feb 6 2017, 04:43 AM

My gut feeling only, it is just an opinion that you could rebuttle. Maybe a a little bit more accurate to say it as more old skool so to speak. A little bit laid back. I forgot a correct term for that sorry.

The best part of PRS is switching with other company out there, with after minimum switching duration is about MYR25. If you do not satisfy, say with AIA and then Kenanga or etc, you can jump ship. This is the beauty of PRS that UT do not have, when everything well taken care of by PPA.

They register your deposit twice, in end of June and End of December. After that you will have to wait in 6 month, not more in my case.

My wife deposited before her January birthday, same as I am in June. If you submit 2 weeks before your 31st birthday, you will stand a good chance.