Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Private Retirement Fund, What the hell is that??

views
     
Average-Joe
post Dec 18 2013, 05:08 PM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


No tax on PRS withdrawal after 55


http://www.theedgemalaysia.com/business-ne...g7hAC0w.twitter
Average-Joe
post Dec 24 2013, 11:59 AM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


QUOTE(eugenecctan @ Dec 24 2013, 11:06 AM)
How about Deferred Annuity Plan from Maybank and Great Eastern?
*
Don't think those fall under Private Retirement Funds.

Check out the providers and schemes here http://www.ppa.my/providers/providers-schemes/
Average-Joe
post Dec 24 2013, 03:08 PM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


QUOTE(eugenecctan @ Dec 24 2013, 12:31 PM)
But they are entitle for the 3k tax relief as well.
*
There are three (3) categories for insurance tax relief.

Life Insurance Policies - up to RM6k only
Education & Medical Insurance - up to RM3k only
Private Retirement Schemes - up to RM3k only

I seriously don't think 'Deferred Annuity Plan from Maybank and Great Eastern' fall under PRS tax relief but maybe under the other two (2) categories.

PRS is an additional tax relief on top of the previous two (2) categories.

This post has been edited by Average-Joe: Dec 24 2013, 03:09 PM
Average-Joe
post Dec 24 2013, 03:57 PM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


QUOTE(ronnie @ Dec 24 2013, 03:13 PM)
Used to have a special Annuity Tax Relief up to RM1000 per year... but now it's combined with PRS under RM3000 tax relief a year (from YA2012 until YA2021)

Source
*
Noted with thanks!
Average-Joe
post Dec 18 2015, 03:23 PM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


QUOTE(cherroy @ Dec 17 2015, 11:16 PM)
I have yet to see any investment can accept credit card payment one.  laugh.gif
*
CIMB accepts credit card payment for PRS

Average-Joe
post Dec 22 2015, 10:21 AM

Getting Started
**
Junior Member
97 posts

Joined: Dec 2013


QUOTE(Kaka23 @ Dec 18 2015, 08:09 PM)
From CWA?
*
Nope. CIMB Principal Asset Management's PRS consultant - Plug n Pay
Did it few months ago and was informed that they intend to stop this service next year.




 

Change to:
| Lo-Fi Version
0.0249sec    0.25    7 queries    GZIP Disabled
Time is now: 7th December 2025 - 01:07 PM