Private Retirement Fund, What the hell is that??
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 Oct 21 2013, 02:27 PM
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#1
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Senior Member
16,872 posts Joined: Jun 2011  
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QUOTE(bearbearhong @ Oct 21 2013, 02:17 PM) thanks bro. Take a look here:Any reliable prs recommended by si fu here?  http://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdo No, it's not promotional period only, ALL PRS funds u buy thru FSM are at 0% sales charge. Only charge u need to incur would be account opening fee. Check with FSM for details |
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Oct 21 2013, 02:40 PM
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#2
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(bearbearhong @ Oct 21 2013, 02:35 PM) thanks Boss, that would said by subsribing PRS fund vide FSM will save those charges imposed by agent right? I never invest thru agents, so I dunno what charges there'd be.As for myself, tot of redeeming the tax relief by just getting a rm3k annual investment and may go for growth fund for the higher return though i know is riskier  Why dun u approach some agents and ask them what sort of fees and charges they'd impose? Then u can compare to FSM  |
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Oct 21 2013, 03:10 PM
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#3
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(bearbearhong @ Oct 21 2013, 03:07 PM) since i got to know fMS has this feature, i will opt for FMS, some agents may be helpful and aggressive during signing up of new fund, after a while, no proper advise or service may be rendered from them. Yeah, dealing with a corporation is always better than dealing with an individual agent.Esp when u wanna do a certain decision and he/she disagrees with u due to whatever reason... "Why, don't u trust me?" "I have your best interest at heart" "Trust me, this is best for u" When u deal with FSM, they distribute PRS funds from a myriad of Investment Managers. Whether u buy Hwang PRS or AmInvest PRS or RHB PRS, they'd still make money from u. So, u can be more assured that they will offer u unbiased advice.  |
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Oct 23 2013, 12:02 PM
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#4
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(bearbearhong @ Oct 23 2013, 12:00 PM) dear all, i am setting up an ppa account thru FSM and getting ready to get a PRS fund, either RHB growth fund or hwang. 1. 3K tax relief is for 1 year, u do lump sum 3K, 1K x 3, 300 x 10 also samewould like to check with sifu here, 1. if i go for 1 time RM3k transaction this year, for my upcoming 2014 can i contribute by monthly RM250 for rm3k tax relief instead of one lump sum investment per yr? 2. I know PRS fund cant be fully withdrawn until retirement age/death, what about stop investing ? say after 5 yrs i decided not to continue with any fund at all, so i will not be able to get the tax relief, any other effect? thanks in advance. 2. Tax relief is for the year in which u contribute only |
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Oct 23 2013, 01:18 PM
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#5
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(bearbearhong @ Oct 23 2013, 12:04 PM) hi bro, u r such an angel u can take out...but with tax penalty of 8% if I'm not mistaken understand! what about stop contributing in later years? the fund will just remain there until 55 withdrawal right? |
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Dec 11 2013, 09:42 AM
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#6
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QUOTE(cpteoh @ Dec 11 2013, 09:41 AM) how to buy? thought agent? try fundsupermart.com.myplease pm me the agent contact thank you |
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