which PRS is good for a 25yrs old? plan to start PRS for tax relief btw, how do we get those rebate and relief? i think rm3k relief is there oledi for few yrs, but the newly announced one also implement next year 2014? is it we just fill in we contribute prs then the system will calculate for us?

This post has been edited by ben3003: Nov 2 2013, 10:23 AM

may i know when will i get the rm1000 youth incentive? i have invested rm1000 since march..

got my 1000 incentive

worth if ur annual income hit the top tax bracket, 24% one, which is after 100k income. 3k tax relief is equal to a rebate of rm700-800. So when u calculate, 700/3000 x 100% is like instant 23% return. summore u get rm1000 after u put 1000, instant 100% return and it is another force saving also, good for your future at least u have another pool of money.

This post has been edited by ben3003: Nov 29 2017, 11:25 AM

not much, u say ur annual income 50k, then tax relief personal 9k, epf and life insurance assume u fully utilize 6k, then 2.5k assume u subscribe unifi also full. 50k-9k-6k-2.5k is 32.5k. so the tax u are paying is like at most 1k? then if 32.5-3k tax relief, is 29k, so u only can save less than 100 maybe lol.

So not worth it. Please do ur own homework if u wan to calculate exact u can save, no spoon feeding here. else get the fuking PRS agent who persuade u to buy their PRS to do it for u, they are paid for that, i aint.

https://ringgitplus.com/en/blog/Personal-Fi...Guide-2017.html

i wanna ask for PRS.. the account B withdrawal tax penalty is 8% of the withdrawal amount?

because if let say i invest 3k for tax relief. my tax rebate is around 700+ at maximum bracket. so i already earn 700 back, then my 3k at 30% is around 900+, so i retrieve 900 from my account b kena 8% penalty which RM72, which is still untung.

Is my calculation correct?

This post has been edited by ben3003: Apr 30 2019, 10:38 AM

meaning based in the total amount u have inside ur account? Cannot understand

if that is the case, still ok la.. 8% is much less than the tax rebate i received.

i wanna check, can i switch from manulife to CIMB PRS?

okies.. is PPA or FSM trying to con me? I just realized that i topped up this year rm500 to CIMB Asia Ex Japan, but the contributed amount is only rm492.. I tot no sales charge at FSM..

why no give step to withdraw one..

Hi, anyone know how to transfer fund out from 1 fund house to another? Plan to My current manulife prs account a and b to under fsm..