Private Retirement Fund, What the hell is that??
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 Dec 14 2016, 11:51 PM
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#1
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Junior Member
196 posts Joined: Oct 2016 
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QUOTE(csm189 @ Oct 24 2016, 11:57 AM) Ya, my tax relief part will be either on 21 or 24%. So, for 3k, it will be 600-700++. I was thinking, how about I just invest 900 for this year, and next year only put in another 3k. So, at least I can get tax relief of 900 and 1k incentive in 2017 right? I am in this situation too.. i already submit the form to FSM, not yet transfer, should i buy 900 first.. 900x0.21 i save around ~180 |
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Dec 15 2016, 07:53 PM
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#2
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Junior Member
196 posts Joined: Oct 2016
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QUOTE(Ichitech @ Dec 14 2016, 11:51 PM) I am in this situation too.. i already submit the form to FSM, not yet transfer, should i buy 900 first.. 900x0.21 i save around ~180 @CSM189the method works. I just called PPA and asked, to qualify for the 1k, you need to invest 1k (firstever reached) in between 2017 and 2018, then u are eligible for the 1k. Gonna top up RM900 for this year for tax relief  |
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Dec 16 2016, 08:38 AM
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#3
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Junior Member
196 posts Joined: Oct 2016
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QUOTE(MiKE7LIM @ Dec 15 2016, 09:36 PM) hi, you tried this method? Your method sure works, if the PPA guy never cheat me I was thinking for this too... put in 900 this year..Ambank.. then 2017 only hit 1K , and 2018 another 1k... this should b the best way at the moments.. or else...wasted rm500 from Govt  I just shipped my form too today QUOTE(zzzhhhzzz @ Dec 16 2016, 07:36 AM) Im turning 31 in march 2017... so if i invest 900 this year .... 1000 in Jan 2017 .. will i be entitled for the RM1K ? Yours not sure.. better call PPA and ask, by right you should entitle.http://www.ppa.my/prs/prs-youth/eligibility-requirements/ |
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Dec 17 2016, 09:43 AM
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#4
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Junior Member
196 posts Joined: Oct 2016
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I going this too..
CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY Invest RM900 as i am in 21% bracket, so i just invest around (900 - 0.21*900 = 711).. Use RM711 to invest for return, lose mean lose all the RM711. Worth it. |
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Dec 22 2016, 08:35 PM
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#5
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Junior Member
196 posts Joined: Oct 2016
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Just got my FSM account activate and about to transfer money now, but read thru this forum, i am still do not wish to put my money in local investment, so i guess either AMbank pacific REIT or CIMB REIT ex Japan..
any idea how these 2 found compare to each others ? |
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Dec 3 2017, 11:31 PM
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#6
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Junior Member
196 posts Joined: Oct 2016
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Just top up 3k CIMB Principal PRS Plus Ex Japan Equity...
I still believe this fund can grow despite last month a big drop on the NAV... Just get the 1k and tax relief first.. haha |
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