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 Private Retirement Fund, What the hell is that??

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applesmiley
post Jan 25 2019, 01:06 AM

On my way
****
Junior Member
539 posts

Joined: Jun 2010
QUOTE(Deathscythe@@ @ Jan 24 2019, 11:18 PM)
My 31st birthday will be in February 2019. I have contributed in Dec 2018. Am I entitled for the incentive? @@
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QUOTE(yklooi @ Jan 8 2018, 12:30 PM)
Q: WHO IS ELIGIBLE FOR THE PRS YOUTH INCENTIVE?

A: • For Malaysians only.
• Aged 20 and above but have yet to reach the age of 31.
• Accumulate a minimum gross investment amount of RM1,000 in a single PRS fund of a single PRS provider within a calendar year, between 2017 till 2018.

Mr. A will be turning 31 on 27 December 2017. He has invested RM1,000 gross amount in PRS X on 2 January 2017. Mr. A will be entitled to the RM1000 incentive from the Government as he made the contribution when he was 30 years old and within the period of 2017 to 2018.*

*Kindly make your contributions at least 1 month before your 31st birthday to allow your application to be processed in time for you to be eligible for the RM1000 incentive.

https://www.fundsupermart.com.my/main/faq/1...me-PRS--8865#27
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