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 Private Retirement Fund, What the hell is that??

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HP Computer
post Jul 23 2019, 08:24 AM

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I have a PRS account for AIA fund.

Can i buy other fund like kenanga via online PPA platform?

This post has been edited by HP Computer: Jul 23 2019, 08:25 AM
HP Computer
post Jul 23 2019, 08:52 AM

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QUOTE(MUM @ Jul 23 2019, 09:43 AM)
the PRS account number with AIA is it your NRIC number?

then can buy from others too...many PRS providers / platform are offering 0% SC for their PRS funds
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yes my IC no.

Am i supposed to go to PRS Online enrollment?

I can only choose top up option for AIA, if i sign in to my existing account (with PPA my IC......)
HP Computer
post Jul 31 2019, 05:31 PM

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QUOTE(MUM @ Jul 23 2019, 10:06 AM)
That PRS account number is NOT only for AIA PRS...
it is your PPA a/c number (NRIC) ... for life.
you will need that number to buy other PRS funds

just not sure what are the latest PPA online sales charges or how it works....
go try it out and tell us?
(not CLEARLY spelled out % SC on PPA online site or if you can buy NEW PRS funds from there, but TOP UP was clearly highlighted  doh.gif )
previously heard was can buy CIMB new PRS funds @ 0%sc too.....
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I have purchased a new PRS fund online. biggrin.gif

The process is quite straight forward. The only bad thing is we will not receive any email notification except an email for FPX transaction status.

It took 5 working days to receive another email for subscription notification and reflected on my PPA profile.
HP Computer
post Aug 2 2019, 08:36 AM

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QUOTE(MUM @ Jul 31 2019, 06:32 PM)
what PRS fund did you buy from PPA Online portal?
is this PRS fund a new fund that you did not own before?
how many % is sales charges?
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Yup, new fund, cimb apac ex-japan equity C with 0.5% sales charge.

Cimb apac ex japan equity x offers 0% sales charge but its not available on the online portal. confused.gif



 

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