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Private Retirement Fund, What the hell is that??
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Kelv
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 May 21 2014, 08:04 PM
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QUOTE(MNet @ May 21 2014, 05:53 PM) u mean this http://www.greateasternlife.com/my/en/insu...ts_wealth.htm#g ? ok maaa Cash bonuses on top of everything Great Premier Wealth delivers what it promises and more. The plan may also help boost your savings further with yearly non-guaranteed cash bonuses. Use this additional cash, if any, as you wish – spend it on your loved ones, or accumulate it with the Company to generate a bigger payout at the maturity of the plan. if u buy PRS, if u die no payout.. if u buy GE, if u die got payout.. You sure? Come on, don't simply mislead. QUOTE What happens when a member dies? • When a member dies, their savings will be paid to the executor, administrator or named beneficiary (as the case may be). The Scheme Trustees will be required to release all or part of the balance where required pursuant to a grant of probate or letters of administration. Source: http://www.sc.com.my/wp-content/uploads/en...booklet_web.pdf |
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Kelv
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May 22 2014, 02:20 PM
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QUOTE(MNet @ May 21 2014, 08:05 PM) yes i'm sure if u buy GE u pay rm1000/yr if u die u get rm50000 if u buy prs 1000/yr if u die u get rm1000 only You have to know how to differentiate Insurance and Retirement Scheme. So, what you get from EPF after you die? The same goes to PRS, I hope you don't create confusion to others. Following the death of a PRS Member, where payment to the trustee, executor or administrator of the deceased PRSSource: http://www.ppa.my/prs/about-prs/prs-scheme-features/Btw, good reply from xuzen. |
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Kelv
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Nov 28 2014, 09:45 AM
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QUOTE(dark.knight @ Nov 28 2014, 09:04 AM) Oh thanks! But opening the account in the website is so tedious... Find a PRS consultant, settle everything for you. For long term, better choose those high performing fund. |
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Kelv
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Mar 20 2015, 09:27 AM
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QUOTE(Kaka23 @ Mar 20 2015, 08:20 AM) Cimb prs feeds into ponzi 2.0 fund.. Based on what facts? |
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Kelv
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Mar 20 2015, 09:54 AM
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QUOTE(David83 @ Mar 20 2015, 09:43 AM) This and the islamic sibling also high performance after I compare in the morningstar site. |
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Kelv
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Mar 20 2015, 11:18 AM
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Anyway, there's option to switch fund. I will be investing in the high performance fund and continue to monitor and switch accordingly.
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Kelv
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Jun 10 2015, 03:38 PM
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QUOTE(plumberly @ Jun 10 2015, 03:33 PM) Got my Public Mutual's PRS annual statement today. Started this PRS 3 years ago. How is the return? Well, only 6.6% increase over the 3 years! Worse than FD! Guess I picked the wrong PRS. Ha. Anyone with consistently better PRS? CIMB-Principal. You can always refer to this site to monitor each PRS fund performance: http://gllt.morningstar.com/e6qvxuu98r/fun...anguageId=en-GB |
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Kelv
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Nov 27 2015, 10:08 AM
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QUOTE(guanteik @ Nov 27 2015, 08:34 AM) 3. Potential higher return than EPF <-- This is fake. I'm still losing $$ in the PRS as I invest with Public Mutual. Well, that depends you invested in which fund. Not too late, you still can switch fund. You can view the high performing fund here: http://gllt.morningstar.com/e6qvxuu98r/fun...anguageId=en-GB |
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Kelv
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Dec 30 2015, 09:17 AM
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QUOTE(nujikabane @ Dec 30 2015, 09:15 AM) The incentive of RM1,000 is meant for youth below what age ? RM500 incentives only. Before your 31st birthday. |
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Kelv
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Feb 3 2016, 01:31 PM
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QUOTE(Felice821 @ Feb 3 2016, 12:46 PM) Just checked, I bought HLA Wealth builder kind of saving plan, is that one of those PRF/PRS that can have tax relief? No. Refer to this PRS provider: http://www.ppa.my/prs/about-prs/prs-providers/ |
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Kelv
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Apr 11 2016, 02:33 PM
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QUOTE(aarondotcom89 @ Apr 11 2016, 02:11 PM) Just my opinion... These PRS doesnt have to be the ones listed in the website right? I find may insurance companies have those savings/investment tools that would be a great method for PRS too Must from these providers: http://www.ppa.my/providers/providers-schemes/Personally, I will stay away from those insurance + saving + investment gimmicks. |
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Kelv
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Apr 11 2016, 02:50 PM
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QUOTE(aarondotcom89 @ Apr 11 2016, 02:42 PM) Yeah, those are like the official PRS providers right? I actually prefer those in insurance companies like their savings/endowment plans. Well, they can be treated as my PRS also because the objective is same ma  Well, you can't tax relief if is not from the official providers. Most people I know invest in PRS with tax relief as their objective. Not to forget the youth incentives as well. |
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Kelv
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Jan 9 2018, 04:52 PM
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QUOTE(newuseronly @ Jan 9 2018, 04:41 PM) so u ppl, gain or loss from PRS at the moment.? Paper gain.  |
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