Private Retirement Fund, What the hell is that??
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 May 17 2014, 03:26 PM
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#1
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Junior Member
175 posts Joined: Apr 2007 
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Can anyone justify this?
what i heard from friends is that this PRS scheme taxed you by the time you retired and trying to get your money back. they will tax you according to the money you withdrawn as your income. And thats why my friend stop deposit money into PRS anymore. |
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May 17 2014, 06:35 PM
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#2
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Junior Member
175 posts Joined: Apr 2007
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QUOTE(wongmunkeong @ May 17 2014, 04:23 PM) Justify or clarify? haha thanks for clarifying... If clarify - done already. It's a misunderstanding mostly except for the 8% whacking if U take out from account B before 55 http://www.ppa.my/prs/prs-faqs/ look at withdrawals Justify? sorry - i dont think anyone in LYN can or needs to justify kaka to U    |
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