Private Retirement Fund, What the hell is that??
|
|
 Jul 20 2015, 11:23 AM
Return to original view | Post
#1
|
 
Junior Member
181 posts Joined: Jan 2003 
|
i'm looking forward to put my money in to PRS RM3000, which PRS is recommended in term of high returning? HLB PRS is approved by LHDN? they mention 10.28% return on the PRS ?
noob in PRS, cna someone shed the light plz..thank you. |
|
|
|
|
|
Jul 21 2015, 01:25 PM
Return to original view | Post
#2
|
|
Junior Member
181 posts Joined: Jan 2003
|
QUOTE(wil-i-am @ Jul 20 2015, 11:32 AM) thank you for your information  |
|
|
Jul 21 2015, 01:26 PM
Return to original view | Post
#3
|
|
Junior Member
181 posts Joined: Jan 2003
|
QUOTE(T231H @ Jul 20 2015, 11:47 AM) lists of approved prs providers thank you for your link.http://www.ppa.my/prs/about-prs/prs-providers/ http://www.sc.com.my/list-of-prs-providers/  by the way, i couldnt see HLA in the list, does that mean if i purchase the PRS from HLA, i cant get tax relief? |
|
|
Jul 21 2015, 01:35 PM
Return to original view | Post
#4
|
|
Junior Member
181 posts Joined: Jan 2003
|
QUOTE(T231H @ Jul 21 2015, 01:33 PM) I think the HL one is the Deferred annuity plan ohhh..so its 2 different thing..HLA agent is telling me that the return is 10.78%..thats seems to good to be true?which you can also get the tax relief.....btw...the tax relief is till 2021 only... http://www.fundsupermart.com.my/main/resea...?articleNo=4029 What’s the Difference of Private Retirement Scheme and Deferred Annuity Plan? Read More http://kclau.com/retirement/prs-da/ - See more at: http://kclau.com/retirement/prs-da/#sthash.Sa4jNMb5.dpuf With the PRS, you are not committed to contribute a fixed sum of money to the fund annually, ie. which means that you have greater flexibility in determining how much you want to contribute to the fund, if you are the type who are not overly concerned about the personal relief for tax purposes. While in the case of the deferred annuity scheme, you would have committed yourself to contribute a fixed amount (say, RM3,000) for the next 10 years. http://malaysiantaxation101.com/2013/01/pe...ferred-annuity/ |
|
|
Jul 21 2015, 02:07 PM
Return to original view | Post
#5
|
|
Junior Member
181 posts Joined: Jan 2003
|
QUOTE(wil-i-am @ Jul 21 2015, 01:39 PM) Mind to share details of HLA product? i dont have much information, will check with the agent again. |
|
|
Jul 21 2015, 02:08 PM
Return to original view | Post
#6
|
|
Junior Member
181 posts Joined: Jan 2003
|
QUOTE(supersound @ Jul 21 2015, 01:37 PM) Before you buy, indeed is 11%. Once you buy, if they are giving 1.078% you shall feel thankful that HLA still willing to give some after spending your money bro, can mind share your experience, i dun wan caught with 10 years payment but feeling get conned pulak. |
| Change to: |  0.1236sec
 0.66
 7 queries
 GZIP Disabled
Time is now: 13th December 2025 - 06:27 AM |
Quote