yup, looks like a loophole. i'm aiming to do like that too when 55 and if the SOP is still the same
ie.
a. place $3K into PRS fixed income type thus low/no fluctuations Nov
b. take back out coming Feb
repeat (a.) & (b.)

penalty of 8% is only when withdraw before retirement age and only from sub account B only

both account and no penalty if at retirement age..

https://www.ppa.my/prs-and-you/prs-faq/#19b570d916ac5f650

There is alot of considerations to be taken
1) your risk profile
2) your target amount to save every month
3) your expected return annually
4) the type of funds you are investing in

Generally, i would say monthly basis is better for dollar cost averaging

depends...
have you got the emotional experience in investing in UT?
have you experienced the falls of the prices of UTs for a lengthy period of time before?

if, not, try to go in slowly (regularly, periodically) would be advise able as that will spread out the risk/volatility of the price movement.

very much depends on timing. i started last oct with affin-hwang, saved on tax relief and got 8%+ returns

Because of I already have Class A, so plan to top up 3k for this year tax relief.

I have no idea any new fund to buy and don't think we can get low NAV like March the time.

Current plan:
1. Buy any fund from Affin Hwang, Kenanga, and Principal PRS.
2. Buy via FSMOne Mobile WEB because it does not required any forms and 0% sales charges.
3. Get Touch N Go E-wallet RM40.

Or
1. Switch to other PRS(maybe Principal PRS class C) for my current Principal Class A.
    -Not sure switch fund can be done via FSM or not.
2. Top up 3k to Principal Class C for this year tax relief.
3. Get Touch N Go E-wallet RM40.

I believe physical form is needed.

But you may try this e-Form for Affin Hwang PRS funds:



https://www.fsmone.com.my/funds/research/ar...=11419&isRcms=N