May 17 2012, 08:55 AM
QUOTE(yong417 @ Oct 10 2011, 10:11 PM)
haha...no one yet to give me example of Private Retirement Fund...
Najib always announce some 'new thing' too early.Securities Commission only manage to get the Guideline out in April 2012.
Product may only be available for the market by early 2013.
http://www.sc.com.my/main.asp?pageid=1119&...=&linkid=&type=
Added on May 17, 2012, 9:01 am
QUOTE(smartinvestor01 @ Apr 29 2012, 05:45 PM)
The Star
According to what i see here in The Star article, some of the companies are offering high risk types of PRS to the public..
Well, from what i see, since its for retirement, putting those money at risks will be not my type...
I rather be conservative since those collective monies will be for my retirement, therefore, i rather it be more less risky.. ^^
What are the available product that qualify this new RM3,000 tax relief? According to what i see here in The Star article, some of the companies are offering high risk types of PRS to the public..
Well, from what i see, since its for retirement, putting those money at risks will be not my type...
I rather be conservative since those collective monies will be for my retirement, therefore, i rather it be more less risky.. ^^
RM3,000 x 26% (max tax bracket) = max. RM780 saving in tax
Not a great deal (as tax relief limited to RM3,000) but seem better for those in highest tax bracket.
This post has been edited by AskChong: May 17 2012, 09:01 AM
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