CIMB-Principal Asset Management welcomes SC’s nod for Private Retirement Scheme providers
URL: http://www.theedgemalaysia.com/business-ne...-providers.html
Private Retirement Fund, What the hell is that??
Private Retirement Fund, What the hell is that??
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Apr 6 2012, 09:12 PM
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#1
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All Stars
52,874 posts Joined: Jan 2003 |
CIMB-Principal Asset Management welcomes SC’s nod for Private Retirement Scheme providers
URL: http://www.theedgemalaysia.com/business-ne...-providers.html |
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Apr 7 2012, 12:53 PM
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#2
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All Stars
52,874 posts Joined: Jan 2003 |
We have more details after since SC has started their engine for approving PRF related products.
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Apr 7 2012, 11:54 PM
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#3
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All Stars
52,874 posts Joined: Jan 2003 |
Boost to private retirement savings
PETALING JAYA: The emergence of intermediaries as providers of private retirement schemes (PRS) will provide contributors the flexibility to invest in a structured manner and boost retirement savings, according to fund managers. URL: http://biz.thestar.com.my/news/story.asp?f...28&sec=business |
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Apr 9 2012, 07:55 PM
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#4
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All Stars
52,874 posts Joined: Jan 2003 |
Guys, don't rush into anything first until approved appointed intermediaries come out with approved products.
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Jun 6 2012, 02:29 AM
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#5
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All Stars
52,874 posts Joined: Jan 2003 |
MUTB to launch several funds under retirement scheme
KUALA LUMPUR: Manulife Unit Trust Bhd (MUTB), a unit of Manulife Holdings Bhd, aims to launch several funds under the private retirement scheme (PRS), earliest, by October this year. Read more: MUTB to launch several funds under retirement scheme http://www.btimes.com.my/Current_News/BTIM.../#ixzz1wweLJOrA |
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Nov 12 2012, 01:35 PM
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#6
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All Stars
52,874 posts Joined: Jan 2003 |
SC nod for CIMB-Principal funds
CIMB-Principal Asset Management Bhd has received Securities Commission (SC)'s approval for its Private Retirement Scheme (PRS) funs, CIMB-Principal PRS Plus and CIMB Islamic PRS Plus. Read more: SC nod for CIMB-Principal funds http://www.btimes.com.my/Current_News/BTIM...l#ixzz2Bz3T8qWA |
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Nov 28 2013, 11:00 PM
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#7
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All Stars
52,874 posts Joined: Jan 2003 |
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Dec 8 2013, 08:29 AM
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#8
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All Stars
52,874 posts Joined: Jan 2003 |
3% equivalent to investing into PM UT using EPF right? Makes no difference!
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Dec 11 2013, 08:09 PM
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#9
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(ryan18 @ Dec 11 2013, 06:33 PM) just bought PRS today from CIMB.reason:govt $500 one-off incentive for those age between 20-30 yr old LOL! That is for 2014 not 2013.let see if this LT investment is worth it, fingers crossed Please make another contribution next year or any year between 2014 to 2018. Bravo! URL: http://www.ppa.my/prs/whats-new/prs-youth-incentive-rm500/ |
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Dec 12 2013, 06:12 PM
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#10
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All Stars
52,874 posts Joined: Jan 2003 |
For the mean, it's still as it was: 8% tax penalty for pre-retirement withdrawal from Account II.
But cannot guarantee that it will not change as per speculation. |
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Dec 18 2013, 06:33 PM
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#11
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All Stars
52,874 posts Joined: Jan 2003 |
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Jan 5 2014, 06:52 PM
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#12
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All Stars
52,874 posts Joined: Jan 2003 |
I talked to FSM consultant last week.
He told me that if I were to contribute again this year. I'll be charged for RM 8 annual PPA fee and will be directly deducted from the new contribution I make for this year. Another shocking surprise is that if I contribute into Fund A from Provider A with amount A (let's say RM 1k), I'll be charged for RM 8 PPA annual fee and let's say that if I want to invest into another Fund B from Provider B with amount B (let's say RM 1k) within the same year, I'll be charged for another RM 8 PPA annual fee. PPA fee will be directly deducted by the fund house for the new contribution. The FSM consultant advised me to only contribute to the same fund from the same provide within the same year to avoid multiple PPA annual fee. |
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Jan 10 2014, 11:40 PM
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#13
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(ryan18 @ Jan 10 2014, 11:32 PM) i though when i invest $1000,i get $1000 worth of PRS fund units.end up i only get $985 only From which PRS provider you bought?anyone have any idea,how they calculate this? apparently its not like unit trust where all management fees,etc is incorporated into the unit price Please provide more details for assessment here: PRS provider, PRS fund, NAV during purchase |
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Jan 10 2014, 11:53 PM
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#14
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52,874 posts Joined: Jan 2003 |
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Jan 10 2014, 11:58 PM
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#15
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52,874 posts Joined: Jan 2003 |
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Mar 21 2014, 09:36 AM
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52,874 posts Joined: Jan 2003 |
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Mar 31 2014, 09:27 PM
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#17
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All Stars
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QUOTE(w33 w33 @ Mar 30 2014, 08:34 PM) Dear all, 1. Yes. Max yearly tax relief is RM 3kWant to check: 1. If i deposit RM3k in May 2014 means I can have RM3k tac relief? This means that how much i deposit = how much is my tax relief? 2. Which institute do you use? Why? 3. If i deposit RM3k, meaning I can do it once and enjoy the tax relief for 10 years provided I do not withdraw the money right? Something similar like SSPN? Thank you for your help 2. Research yourself 3. Yes but if you plan for premature withdrawal, you're subject to 8% tax penalty. You can still invest and enjoy the tax relief if you make new contribution within the stipulated period. |
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May 26 2014, 10:02 AM
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#18
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May 26 2014, 10:22 AM
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May 26 2014, 02:12 PM
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