"in times of needs", prolly property or hospital medical bills

I was happily topping up rm50 each time several times until recent days.a bit unsure now

But its good to get low entry price what

Then i dunno why you said now is a good time lol. Since entry price is not a concern lol.

thank U for the useful info sharing GrumpyNooby,

You mean for subsequent buys,  even after you have opened account with FSM?

Ok, similar process with eUT which I am using. Hopefully these two platforms could automate more of the manual processes.

I think its more to do with the fundhouse

why no give step to withdraw one..

i did a brief calculation of how much my account has made (pure profit for 2019), since don't have the actual official numbers on my profit.

The recent market tumbles wiped out all of my profits made for 2019. despite that, when you withdraw, you are merely withdrawing your past years' profit and you still let your capital run in it. at least for my case lah. Yes, now is really a buy high and sell low situation, but my own argument is, look back at the main reason for me to invest into PRS and that is the tax relief of 3k each year.

Now that you're able to withdraw at least some money back at no penalty, why not take this chance and cash it out a little.

so the cash out from account B is merely withdrawing some of the profits that you have made in your past years.

Minus the investment concept, letting the monies remain in your account, be it, EPF or PRS, is because you want to let the magic of compounding to work for your future retirement pot. i assume your EPF will certainly has much bigger pot of money and the compounding effect can definitely works better than your money does in the PRS right? (let's just assume, say 5% p.a. for each).

So let's say you have 2 providers and both also more than RM1500 in your account, won't you withdraw RM3k from PRS instead of EPF?

I would like to know if we withdraw RM1,500 from PRS account 2 in 2020, and subsequently perform a top-up self contribution of RM3,000 in Q4 of 2020,... will I still be entitled for a tax rebate on the RM3,000 being top-up made in year 2020?

Hi,

Sorry but I am not asking about it being tax free.

I wanted to withdraw the RM1,500 and later just top up another RM1,500 to make it a sum of RM3,000. This RM3,000 I plan to put back in to PRS to enjoy tax exemption in 2020.

just an added note to take note in the link...

"Note:  One of the prevailing terms and conditions for pre-retirement withdrawal from sub-account B is still applicable, whereby such withdrawals may only be made from a PRS fund one year after enrolment."

so does it clearly mentioned that, in order to get the tax relief of RM3000 for this year's contribution, does one need to put in only RM3000 or (RM3000 + what ever that had been withdrawn under this special perks)?

Cant find any option to withdraw/sell PRS in Fundsupermart FSM