Echoing the above... nothing for me either. Invested with CIMB.
Private Retirement Fund, What the hell is that??
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 Aug 12 2018, 05:27 PM
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#1
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Junior Member
470 posts Joined: Aug 2006 
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Aug 13 2018, 11:23 AM
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#2
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Junior Member
470 posts Joined: Aug 2006
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QUOTE(rapple @ Aug 12 2018, 01:03 PM) Fsm & PPA both not yet reflect this units. I called CIMB and they said it's credited on 8-Aug but all of the account statements on PPA, FSM and even CIMB's own PRS portal aren't reflecting this. I was told by the customer service to check back at the end of the month |
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Aug 13 2018, 11:54 AM
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#3
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470 posts Joined: Aug 2006
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QUOTE(2387581 @ Aug 13 2018, 11:51 AM) When did you reached the first RM1000? Mine was on June. I think the people here concerned about the payout made the contributions in the second half of 2017. It was supposed to be paid out around April or May but due to the change of government it was delayed and there are concerns that the government isn't going to honor the payout.But then again, I don't plan to withdraw anytime soon, so it does not affect me much as long as they actually paid. What my concern is that if they only pay when the fund valuation is very high, it is most likely that you will be loss-making. |
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Aug 13 2018, 12:26 PM
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#4
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470 posts Joined: Aug 2006
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QUOTE(2387581 @ Aug 13 2018, 12:16 PM) Oh so I have to expect a half to one year duration from the time of contribution made until the actual payout? You reached your first 1000 June this year not last year? If you meant June this year then expect it by the end of the year or next year |
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Aug 13 2018, 12:41 PM
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#5
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Junior Member
470 posts Joined: Aug 2006
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QUOTE(2387581 @ Aug 13 2018, 11:51 AM) When did you reached the first RM1000? Mine was on June. But then again, I don't plan to withdraw anytime soon, so it does not affect me much as long as they actually paid. What my concern is that if they only pay when the fund valuation is very high, it is most likely that you will be loss-making. QUOTE(2387581 @ Aug 13 2018, 12:34 PM) It was June 2018. Two months ago. Lump sum in RM1000. Then I need to wait patiently Now you know why everyone here gets so antsy about the payout. We've been waiting for close to a year and with LGE saying not enough money every day it really started to sound like the incentive is going to get cut because it's a jibby thing But I plan to top up another 2000 by the end of this year to take advantage of the tax reduction. |
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