Private Retirement Fund, What the hell is that??
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 Jan 24 2024, 01:40 PM
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#1
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Senior Member
3,520 posts Joined: Jan 2003  
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may I know which PRS fund is good? which is the best for my RM3k for claiming income tax returns?
I actually got to know it from Versa ads (as I am using Versa save), but I don't have confidence much in the things they invest in after reading their breakdown of the low, medium, and high risk PRS funds. |
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Jan 24 2024, 03:50 PM
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#2
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Senior Member
3,520 posts Joined: Jan 2003
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QUOTE(Ramjade @ Jan 24 2024, 02:09 PM) The only good prs fund that have as little possible exposure to Malaysia and China. thanks.. ok will try FSM One as you mentioned. Thanks The only 2 exist which you can get from FSM for free AIA Pam growth and principal retire easy 50 series. They stil leave exposure to china. But they are among the one with best returns. Forget versa. Lousy prs from affin hwang. Of course my returns and my risk level may not match yours. So what works for me may not work for you.   i dont mind higher risk. 55 yrs only can withdraw so no issue. As long the PRS fund make good choices. ya I keep read through Versa's offering but I'm not convinced, so much exposure to the wrong things. hopefully can keep claim via efilling 3k every year.. else really no point to open one. |
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Apr 8 2024, 05:37 PM
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#3
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Senior Member
3,520 posts Joined: Jan 2003
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QUOTE(mynewuser @ Mar 22 2024, 02:48 PM) But look like it only extend till 2025? I don't think will end at 2025. They want to encourage Malaysians to save.. so likely will extend. https://www.ppa.my/prs-tax-relief/ Can recommend resh PRS that only pay 1-2 year for tax relief purpose. This PRS is more useful to those that dont want to learn investing themselves.. they will likely end up putting more money into it. |
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