Yes. Those charges are paid to PPA.

Whether you buy online from FSM or directly from other Fund Houses it's the same.

At least, FSM it's zero service charge.

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

it's the time of the year again

PRS Campaign 2023: Enjoy RM40 FSMOne Cash Account Credits
https://www.fsmone.com.my/funds/research/ar...-details/279666

You can switch. It's free. If you are a bargain hunter can continue buying. Sometimes things are at a bargain for a reason.

Are you able to switch PRS to FSM? facing the same issue

Well you can always continue using your old platform to buy PRS. Alternatively stop buying from old platform as I don't think there are fees if it's dormant.
You can start buying via FSM from next year.
One time trouble. I think is worth it.

Which PRS did you buy?
3.62%  over few years is quite low return.

I thought my  2 PRS was good enough..
they were indeed good up till 2021,
now is going down hopefully wont become negative

selling means kena penalty right? how much the penalty charge?

anyone can advise how do i request for switching fund using PPA portal? From the menu, i don't see any options for me to do fund switching

i'm able to download the form, then how to submit the form?? already read through the FAQ section, but instruction is not clear or i overlooked i don't know lol

I already pay 10 year PRS. After confirm, basically I no need to pay any more.

Any idea can I still enjoy tax relief if I purchase another PRS?

Sorry if these questions are silly, a noob here.

1) The purpose of putting prs is to deduct rm3k from his income right? for example:

annual income: rm50k - rm3k = rm47000

so the chargable income drop from rm50k to rm47000, so the tax percentage he need to pay drops too, correct?
2) i heard that most unit trust are losing money, is it worth it to put the money in prs beside tax reduction?

Thanks everyone 

That question you have to ask yourself. What do youw want with PRA? If you just want income tax relief only, buy any prs will do.

But if you want best performance than you need to search. Cause high performance may be volatile.

For me, I go with principal retire easy 50. Buy it via Fsm for zero service charge. Reason I choose principal retire easy 50 is because
1. Higher returns than EPF
2. The only 2 fund on FSM with international exposure other than AIA.The more international exposure I have, the lesser it's expose to Malaysian currency.

Keep in mind what I have may not be suitable for you as my risk tolerance is very high.

Has anyone hired one of those wealth management firms?

Hi. My relative plans to withdraw his PRS of RM10K and move to EPF (he reached the retirement age so there won't be any penalty). Can he contribute PRS of RM3K at the end of the year to enjoy tax relief since it's not specifically mentioned net movement like SSPN ?

If I transfer out from provider A to provider B in current year, can the amount be considered deposit for the year? I have receipt and transaction confirmation for the "deposit".

Cause the amount is reflected in PPA website as contribution.

Thanks~ signed up FSMone and bought PRS (still pending)
Whats next ya and what about PPA account? I dont have yet, no log in details only a PPA account number provided by FSMone

hi,may i know is this mean
example
AHAM PRS Growth 1 year return is 10.96% and 5 years return is just 3.40%?