This is insider news:

One of the reason why govt give this RM 500.00 rebate is because statistic shown that only 6% take up rate amongst the young working group i.e., aged 20 - 30 y/o.

The majority of PRS members are ahem.... old geezers like Unker Look and WongMunKeong and myself. PPA was even more surprise when they realised that many who reaches the age of 55 withdrew their KWSP savings and ploughed it into PRS because of the zero sales charge and no lock in period and better than FD ROI.

Xuzen

I am so over my head on this 1, so hopefully fellow forumers can assist me [and others who are like me] for better understanding :

[1] How long is the commitment (e.g. when can I reap the benefit of my contributions ? I suppose it is based on the retirement age as per the statutory law in Malaysia ?

[2] What is the minimum contribution, and what is the frequency [monthly, annually?]

below are the list of providers :
http://www.ppa.my/providers/providers-schemes/

1 noOb question; does it matter which provider we go for ?

I mean, they are all under PPA, right ?

^
Which means, UT buys counters in BSKL, prs buys UT funds?
Or you mean to say that prs works the same way as other UT funds?
On a separate question;
So if I got this correct, upon reaching retirement, the prs will disburse money in lump sum to the depositor? i.e. the same way as epf ?
Or is it like a pension scheme, whereby the depositor will get certain sum of money disbursed until he/she dies ?

Yea, PRS is more like an EPF. Just in case the later fail and you got two baskets of egg

prs is not unsimilar to epf
both are PENSION FUNDS,the only palpable difference is their investment style

prs can always establish a fund replicating the EPF investment strategy ie with similar asset allocation thus providing the  much desired return vaunted by the skeptics of prs

however,i think prs was designed to allow workers to make their own investment choices premise on their risk tolerance and time horizon instead of the state investment vehicle deciding for them.therefore the returns from EPF cannot be use as a yardstick in determining the returns from prs

in addition,there are slew of funds in prs catering to the ultra conservative to the most aggressive investor which can deliver proportionate return base on their volatility or risk

I think some people misunderstood how to claim tax relief for PRS.

When you save RM3k in your PRS account, it does not mean you can claim RM3k from LHDN.

This is how to calculate:
Let's say you earn RM100k annually
And you save RM3k in your PRS account

RM100k-3k = 97k

So, RM97k is your taxable income.

I would say PRS is a very good investment scheme
If I can switch EPF to PRS I would do it

Is it me or do you all realise that this PRS  thread is extra active during the end of the year?

Guys, I receive some sort of letter from my PRS bank. The letter is about Malaysian Tax voucher of amount nearly RM200. @@. I not what it actually means but there's a statement shown like below.

" We hereby certify that Malaysia Income Tax as above has been or will be accounted for by us to the Director - General of Inland Revenue Malaysia. Please retain this voucher for submission to the Tax Authority".

Kena Tax for PRS? Anyone receive something like this? Need some inputs!!

Is there any PRS provider accept credit card? it will be great to earn cashback+points

I really don't get it how it works...

I know of cimb's first... Then kenanga then affin hwang?

I'm unemployed and since no tax relief, will this benefit me if I just throw 1k inside ? Will I get the rm500 ?

ohh so what i thought was actually possible! 
such coincidence we had the same mindset for tax relief purpose lol

plan to walk in to the nearest affin hwang tomorrow, hopefully can get it done
mind to enlighten me what documents they'll need from me?
just wanna confirm it's solely "dump in 3k every dec for tax relief" kan? LOL so is basically once a year payment
may i know how many years we need to commit ah? until retirement kah? or can be 10 years only? (since the relief only valid for first 10 years kan?)
what's the return like btway?

AmPRS - Asia Pacific REITs - Class D
er.. shot up 13.43% since 20/01/2016 till 11/07/2016.
Buy high sell higher?
or buy ok / low and sell high? 

yup but there is NO changes in interest rates
just "expectations of NOT moving up" 

dang.. if life was just as simple as Excel worksheets' formulas 

yup. checked it out dy. thanks for the info.
Seems like CIMB PRS fund does not pay any distribution.. is it true?

PBB pays decent distributions. Quite similar with Affin Hwang.
PBB has sales charges, whilst Affin Hwang in 0%.

Seems like Affin Hwang better? or should i invest in PBB?