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 Private Retirement Fund, What the hell is that??

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cHaRsIeWpAu^^
post Dec 16 2014, 01:59 PM

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done with my 3k prs too. rclxms.gif
cHaRsIeWpAu^^
post Dec 16 2014, 05:45 PM

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QUOTE(Kaka23 @ Dec 16 2014, 05:39 PM)
Well done!

Lump sum 3K or ?
*
march - 100
april - 300
june - 100
nov - 800
dec - 1.7k

laugh.gif went two trips oversea in the middle of year so kinda no money to pour into prs lol.
cHaRsIeWpAu^^
post Apr 23 2015, 09:08 AM

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QUOTE(cempedaklife @ Apr 22 2015, 10:32 PM)
Just got my PRS youth incentive!  laugh.gif
*
me too, cheers! rclxms.gif
cHaRsIeWpAu^^
post Jan 10 2018, 10:25 AM

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QUOTE(newuseronly @ Jan 9 2018, 04:41 PM)
so u ppl, gain or loss from PRS at the moment.?
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on paper gain 16.2%.

invested 3k each year for 3years on the row already.

dont forget your tax relief and free movie tickets. rclxms.gif
cHaRsIeWpAu^^
post Jan 11 2018, 10:11 AM

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QUOTE(eddyooi @ Jan 10 2018, 04:01 PM)
which fund?
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Affin Hwang PRS Growth Fund

QUOTE(MeToo @ Jan 11 2018, 08:30 AM)
Er... Right... You mean you have full access to your money and go to the finance house and withdraw it?

I don't think so...
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i guess so because basically its just an unit trust. its not under government, but the finance house.
you can actually withdraw it out but have 8% penalty.

this is quite safe investment for me, basically im buying a 3k fund with 2.3k money (after tax relief) plus average 6% growth pa.
cHaRsIeWpAu^^
post Jan 11 2018, 11:49 AM

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QUOTE(MeToo @ Jan 11 2018, 11:31 AM)
You cannot withdraw it.

Even with the penalty the money just just goes back to the fund...

THe trust issue is with the govt, cause if the govt goes bankrupt... well you saw what they did with the Argentinian retirement fund
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yes you can withdraw.
government has nothing to do with the prs, they just co-operate with the finance house to encourage us to save for additional retirement rather than solely depends on epf.
in short, even government bankrupt you're still safe with your prs.
thats what i understood.

https://www.fundsupermart.com.my/main/resea...?articleNo=2967
cHaRsIeWpAu^^
post Jan 11 2018, 12:33 PM

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QUOTE(MeToo @ Jan 11 2018, 12:13 PM)
Tanggapan anda salah.

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You may wish to make regular withdrawal or lump sum withdrawal. Request for withdrawals may be made in the following circumstances:

1. After the day the member reaches the retirement age (or at any other age as the SC may specify from time to time), withdrawals may be made in part or in full;
2. Following the death of the member, only full withdrawals may be made;
3. Prior to the member reaching the retirement age, withdrawals from sub-account B may be made in part or in full;
4. Permanent departure of a member from Malaysia, only full withdrawals may be made;
5. In the event of permanent total disablement (PTD)/serious disease (SD)/ mental disability (MD), only full withdrawals may be made.
+++++
*
you answered your own question.
cHaRsIeWpAu^^
post Jan 11 2018, 12:44 PM

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QUOTE(MeToo @ Jan 11 2018, 12:35 PM)
And how much % is Sub account B?
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30%.

not that you can take all your money in epf before retirement age also. sweat.gif
cHaRsIeWpAu^^
post Jun 3 2020, 02:05 PM

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anyone knows will the redemption of PRS affect our personal tax?
cHaRsIeWpAu^^
post Jun 3 2020, 02:16 PM

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QUOTE(GrumpyNooby @ Jun 3 2020, 02:10 PM)
Under which category of redemption?
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under 1.5k mco. icon_question.gif
cHaRsIeWpAu^^
post Jan 20 2021, 03:56 PM

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received my tng code few mins ago.

 

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