Private Retirement Fund, What the hell is that??
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 Apr 15 2019, 06:25 PM
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#1
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Junior Member
911 posts Joined: Jan 2019 
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hi all, i’m new here. what is the best prs to invest? my objective is for tax relief so i will only invest max 3k and of course is long term until i retire. gain of cgar 10% i will satistied already as long as no loss
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Apr 15 2019, 08:06 PM
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#2
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Junior Member
911 posts Joined: Jan 2019
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QUOTE(Ramjade @ Apr 15 2019, 07:03 PM) There's no best as best is different for everyone. i’m quite confident government will extend this kind of things to promote savings. same to sspnTax relict last only only 2021. If govt don't extend it, 2021 us last year if tax relief. After that no more. No unit trust can have no loss as the underlying stuff is stock and bonds where the price flacuates. You want no loss, choose the following. 1) promo FDs 2) amanah saham fixed price fund 3) EPF  |
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Oct 14 2019, 07:02 AM
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#3
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Junior Member
911 posts Joined: Jan 2019
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Hi guys,
Budget 2020 did not announce about this but is the rm3k tax rebate still applicable? I heard it is limited years only right? |
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Oct 14 2019, 03:42 PM
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#4
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Junior Member
911 posts Joined: Jan 2019
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QUOTE(Ramjade @ Oct 14 2019, 07:31 AM) Yes. Until 2021. If nothing mentioned for budget 2022, no need to buy anymore in 2022. SO far I haven't invested PRS. Is it worth to only buy 1 yr assuming they will discontinue the benefit in 2022? |
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Oct 14 2019, 05:44 PM
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#5
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Junior Member
911 posts Joined: Jan 2019
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QUOTE(MUM @ Oct 14 2019, 04:50 PM) what is your tax bracket? how much will you be able to save from taxes? 20% tax. is it ok? |
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Oct 15 2019, 07:28 AM
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#6
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Junior Member
911 posts Joined: Jan 2019
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QUOTE(MUM @ Oct 14 2019, 06:59 PM) if only buy 1 yr @ 3k.....you save RM600 tax 1.5% seems low I think stock market can hit easily from dividend sharesthe if PRS funds is annualised at 4.5% ROI pa and if other investment is 6% ROI pa 1.5% of 3k is RM45 x 13 yr = 585 abt 13.3 yrs to breakeven at RM600 if you get to invest a 6% ROI like ASB.. so if RM45 x 20 yrs = RM900 that is > the RM600 tax saving... so it depends how long in PRS and is there a 1.5% ROI pa or more investing vehicle out there over the PRS fund per year... QUOTE(Ramjade @ Oct 14 2019, 10:35 PM) Your choice. You like to keep money to yourself or you like to give money to govt. I mean since im already budget for retirement if its worth to invest only 1 yr then its ok.. same purpose and get more value.. but if its not worth of cos I prefer keep myself lolFor me as long as the money still belong to me, I am more than happy to find ways to pay less tax. Again the choice is yours. |
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