btw,...where did you get the RM100 info?
can share the link so that I can learn more?...thanks

This comes from PPA not government.

Which PRS provider accepts credit card? 

which prs provider can pay by credit card and perhaps with free gift (after top up of 3k)?

that is just a bonus if you do what they (PPA) asked as per that link....
it is not the youth incentive .....

aurora97 Dude, can you use multi-quote?

If PRS fund is not bought directly from Affin Hwang, can use this method?
What is the SC charged by Affin Hwang for its PRS funds?

Currently I'm buying through FSM and it's 0% service charge.

according to AH website on PRS fund
Low Cost
0% sales charge
RM 0 switching fees
Reasonable annual management fees
Low initial investment & additional investment levels at RM 100 and RM 50 respectively
https://affinhwangam.com/private-retirement-scheme/

If got pure US fund I will buy that vs whatever nonsense Malaysia/china focus fund. Too bad no fund house doesn't want to come out with good prs or prevented from doing so by BNM. My insurance agent said they are not making lots of money via PRS that's why PRS have lots of lousy funds.

The fees are fixed at 1.5%p.a (management fees).

If you see the pros, all are feeder funds. So you need to see how the original fund is performing.

For me, once they remove income tax relief, I will stop buying prs and divert my money overseas (like what I am doing for my EPF portion)

I have calculated, just by putting your money into FD with average 4% rate, your returns would hv surpassed PRS returns including the tax deduction. So dont waste time putting money into the PRS. How can you tell whether the asset management firm will still be there by the time you retired? Especially those asset management firm (Affinhwang, Kenanga) without banking assets as backing. Nobody ever thought about asset management firms collapsing once musical chair stop (fresh funds come in). Correct me if I am wrong but i think all PRS funds are not PIDM protected.

in a Fund-of-Fund like AHAM PRS there is a 1.5% Annual Management Fee p.a.
does the multiple fund they feed into also charge annual management fees?

Bro are you sure?
You said I also own the CIMB Asia Pacific Fund
meaning you also bought this Principal PRS Plus Asia Pacific Ex Japan Equity - Class C ?

And you bought it 8 years ago?
I also  bought it  8 years ago
Dec 2016  price was only RM0.80
Now is RM1.14, mana boleh rugi like this?

how can that PRS be bad in your portfolio?

highlight the bad one you bought
so others can learn

must  give some convincing information to back up
what you said , dont waste time putting money into the PRS.

did you read what he said?

he said he bought 8 yrs ago
what did i say the price 8 yrs ago?
the price now?

I average cimbPRS asia pac fund when china didnt perform well still down 15%. The only reason my portfolio recovered now is due to recent switching of funds to Principal Retire Easy 50, otherwise it wouldnt even recover this much.

Perhaps I am the only one who didnt manage by switching the funds. But let me ask who in this forum really earn GOOD returns from PRS? If the returns were so DAMN GOOD most people would not think twice just invest in PRS NOT EPF. What I am trying to say with the dismal performance on most funds, just don’t waste so much time on this. Out of 3 PRS funds i own (amPRS, affinPRS and CIMB Principal), amPRS (amtactical fund) still haven recovered, affinPRS (growth fund) probably show 3% return now and now CIMB Principal recovered due to switching to other fund.

You must be wondering why I didnt top up consistently, other than funds u bought from FSM it is so difficult to do the topping up if you buy from asset management firm directly like amprs, you probably have to fill up forms and call the company for that. I bet Government will extend the tax deduction for PRS funds so that asset management firm employees can keep the rice bowls.

during covid time can withdraw account b without penalty via email. i cleared all my account b during that time.

Are PPA admin fees of 0.04% charged to the fund or you have to pay separately?

I tried to sign up for PPA account but it forces me to buy a PRS fund to complete the registration!!!

I went through the whole process, but my account is not created unless I select a fund. This is nonsense!

FSM says it is all paperless now. https://www.fsmone.com.my/funds/research/ar...e-details/11419

There are few ways to go about it.
1. Just buy any fund and be done with it. That is what most people does.
2. For me, I want to have my cake and eat it too. That's means I want income tax relief and maximise my gains.

If you see majority of the funds sold by prs all focus on Malaysia market only (maybe ? directive from SEC/BMM behind close doors) I choose the fund which have the most overseas exposure (US). Remember, I am always negative towards ringgit and Malaysin market. Before this I was a principal prs Asia Pacific dynamic investor. I switch for more US exposure after emperor Xi fiasco and when principal intro fund with exposure to US.

It's not actively managed per se but I do monitor the performance and any new fund which is intro to FSM like once a year. If and when they have a fund that track the S&P500 or the US market like 40-50% of it, I will move my money into the fund. Remember it's a long term fund. So if you can get say 10%p.a why not over a measly 2-4%p.a. The difference over long term is significant.

If you see majority of the funds sold by prs all focus on Malaysia market only (maybe ? directive from SEC/BMM behind close doors) I choose the fund which have the most overseas exposure (US). Remember, I am always negative towards ringgit and Malaysin market. Before this I was a principal prs Asia Pacific dynamic investor. I switch for more US exposure after emperor Xi fiasco and when principal intro fund with exposure to US.