In short, It is better than FD, similar to EPF. Cum tax saving for 10 years~

As it is meant for retirement. BNM n SC have restricted only can invest into low risk like - Govt Bonds, FD to ensure the PRS won't become speculation meanwhile to enjoy the RM3000 Tax Relief. This is like 2nd EPF to ensure u have money up to age 75~

If you are looking for high risk high return, this is not the cup of your tea. If you are looking forward for Retirement Planning cum Tax Relief, you definitely love it~


This post has been edited by andy_lyy: Apr 9 2012, 03:31 PM

As I shared before. So far there is ONLY 1 product is approved by BNM. SC is controlling investment company. BNM is controlling banks and insurance company. More ppl are enjoying this PRS NOW~

This post has been edited by andy_lyy: Apr 18 2012, 09:43 AM

yup. that sure. only 1 is approved up to today~~ :>


tq.

This post has been edited by andy_lyy: Apr 17 2012, 11:17 AM

More sharing to all,

SC controls those INVESTMENT COMPANIES, BNM controls those INSURANCE COMPANIES/ BANK.

Insurance companies already eligible to join this PRS is because they have existing deferred annuity, yet, the product need to restructure to comply to the BNM compliance so that can get RM3000 tax relief. The conventional deferred annuity / saving plan cant get this tax relief.

BNM and LHDN have set guideline/compliance for the PRS/ Deffered Annuity to entitle RM3000 tax relief.

Well, they are 2 corporates responded swiftly to come out with the latest financial product which is COMPLY to the BNM guideline.
I am helping for distribution for this product. (but i am not from UniAsia~)

Companies get approval to join this PRS. Please read carefully, they need to come out with the product which must comply to the guideline~

so far only the UniAsia PRODUCT is complied to the guideline.

Retirement planning is good to start early~

Extra sharing, the power of compounding.
http://en.wikipedia.org/wiki/Compound_interest
http://www.mindyourfinances.com/money-mana...vings/081104-04

Anyone wanna plan for retirement EARLY and get the tax relief RM3000, feel free to contact me~ I am ready to share~



This post has been edited by andy_lyy: Apr 18 2012, 01:04 PM

You may call to Uni Asia and verify~or your MD shall know this, perhaps.

I am here for provide financial planning service (now kinda hot is this PRS) and I am not agent from UniAsia~

pls advise how you count. tq.

Thanks for the support. Feel free to boom me any questions~ I am will to help~ :>

Good, annuity product shall suitable for you as it is low risk, the investment is control by LHDN which only allowed in low categories like Govt Sexurities, FD, Treasury Bond.

This PRS/ Deferred annuity is planned for retirement.

After checking at PIDM website, Insurance products is under insured while unit trust/ investment is NOT covered by PIDM.
Do you wanna risk your retirement fund?

Save only 5% of annually income for your retirement while enjoying tax relief, 95% left, your may divide into property, unit trust, shares, commodity, is up to personnel interest.

Again, this tax relief only for 10 years. the choice is in your hand.

This post has been edited by andy_lyy: May 9 2012, 09:58 AM

Bro,

PRS or Deferred Annuity is able to get this tax relief RM3000.

Well, while preparing for own retirement fund while getting tax relief, it is up to u~

left 5 months plus, for those wish to fully utilise this tax relief facility for this year.

thanks for the sharing~~

most companies are trying to prepare this retirement scheme~

kindly pm me if wish to enroll into this retirement planning NOW~

thumb up~~~

Yea. So this product actually is getting the middle income group votes. PRU is getting near~ and many PRU products are coming out soon~~

I agree with xuzen~ just went for the briefing. It might not tempting for UTC to promote this since it might not cover the basic expenses.

while, for deferred annuity, definitely ppl are willing to share it.

i do have financial product for this tax relief cum retirement... anyone are interested to know more can pm me~ if share here, will be deleted by admin..

most ppl know the conspiracy of PRS
- to reduce govt burden to take care of ppl in future
- to push up the capital of share market, as PRS is unit trust. the more capital in share market, the more govt can manipulate.. as we can c in FGVH, world 2nd highest IPO after FB..

therefore, I m just sharing the deferred annuity
- insurance based product
- entitle new tax relief
- stable wealth accumulation
- if u have some FD, perhaps u can compare this with FD

why govt din promote and say about deferred annuity although it can get this tax relief also? pls refer the statement above, govt has not much benefits by promoting this.

here is the link for coming 10 years tax relief, from Malaysia Institute of Accounts (MIA)
(page 98, btm part, the tax relief only starts on 2012 and refer the note 5 at the page 101)

http://wcoa2010kualalumpur.com/new/downloa...ECTION_B/B7.pdf

good luck and happy researching~~

btw, who wish to fully utilise this tax relief by this year, feel free to contact me~
i am representing a wealth management cooperation. I am focusing on utilise of tax relief.

cheers~

This post has been edited by andy_lyy: Jul 30 2012, 11:33 AM

last 2 months who those wanna utilise the tax relief while prepare for own retirement fund~ good luck~~