Private Retirement Fund, What the hell is that??
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 May 29 2020, 07:00 PM
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#1
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur  
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QUOTE(Tobyby @ May 23 2020, 04:16 PM) Are there many types of PRS? All unit trust companies and some insurance companies manage many PRS Funds. They are very similar to unit trust, just that you have to be committed for long term savings like EPF. You can get more details from ppa.my who regulate PRS.I haven't buy / invest in any yet, which is the best, and what should look into during selection?  |
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Oct 27 2020, 05:43 PM
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#2
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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Hi semua!
*Private Pension Administrator Malaysia (PPA)* sedang mengadakan soal selidik untuk mendapatkan pendapat anda berkenaan simpanan dan perancangan persaraan dalam norma baru. Oleh itu, kami meminta kerjasama anda untuk mengisi borang soal selidik ini di https://www.ppa.my/prslive/borang-soal-seli...rusan-kewangan/ *Nota:* Sebarang maklumat yang dikemukakan adalah *SULIT* dan hanya digunakan untuk tujuan kajian ini sahaja. *Terima kasih* |
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Oct 28 2020, 08:08 AM
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#3
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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QUOTE(GrumpyNooby @ Oct 28 2020, 07:55 AM) This was sent to your email? Shared by my UTC. |
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Nov 7 2020, 03:26 PM
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#4
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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QUOTE(Murasaki322 @ Nov 7 2020, 03:03 PM) Hi all I am new to this PRS. I wanted to join mainly for the sake of tax relief, and some returns if favourable. I have enrolled into Affin Hwang PRS Moderate via PPA website and yet to receive anything from them. Thought of a few questions if anyone could help out. How long since you registered? It takes at least 7 days before you here from Affin.1. What is the difference between joining through PPA and through FSMOne? 2. Is physical mail the only way to enrol through FSMOne? 3. How can I move my holdings from PPA to FSMOne if my application goes through? Thanks in advance! |
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Dec 4 2020, 05:07 AM
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#5
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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QUOTE(onthefly @ Dec 4 2020, 12:46 AM) Side track abit 1. EPF Contribution Maximum Tax Relief: RM4,000 how much get in return by contributing 4k to EPF ( not via salary ) ?  QUOTE(onthefly @ Dec 4 2020, 01:49 AM) yep It will be just like PRS. If income bracket is 24% your 'savings' will be RM 960.like for PRS if in 24% bracket, you "earn" rm720 Is there any such table for 4k for EPF? Thinking to invest some, also force to lock in some money  https://www.ppa.my/prs-tax-relief/ This post has been edited by Cyclopes: Dec 4 2020, 05:10 AM onthefly liked this post
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Dec 10 2020, 12:51 PM
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#6
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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QUOTE(onthefly @ Dec 10 2020, 12:25 AM) side track,How to invest 4k into epf for the tax relief ? As individual, you can claim rebates for:Is it this ? https://www.imoney.my/articles/beginners-guide-epf-i-invest ok i think i found my answer  https://www.kwsp.gov.my/member/contribution...lf-contribution it seem self contribution to EPF is less popular, my aim is for tax relief likr PRS. is there better option around? 1. Insurance (Life, RM3,000) 2. Education (RM7,000) 3. EPF (RM4,000) 4. PRS (RM3,000) 5. Lifestyle (RM2,500)+ (RM2,500 for CMCO) More if you have children. This post has been edited by Cyclopes: Dec 10 2020, 04:24 PM |
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Dec 24 2020, 06:28 AM
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#7
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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For those investing in Manulife PRS, you may take note of these submission deadlines:
New submission: 28/Dec Top Up via PPA Online: 30/Dec This post has been edited by Cyclopes: Dec 24 2020, 06:30 AM |
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Dec 3 2021, 10:57 AM
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#8
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur
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QUOTE(APsupportdesk @ Dec 2 2021, 01:33 PM) Hi Guys, any PRS campaign happening in this month? final rush for tax reflief Get additional bonus units* when you join the “I Love Bonus Units with Manulife PRS” campaign! Invest a total of RM3,000 into any participating Manulife Private Retirement Scheme (PRS) Fund - Class C during a qualifying month and be entitled to 1% bonus units. All yours when you start to invest. The campaign runs until 31 December 2021. |
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