Private Retirement Fund, What the hell is that??
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 Oct 22 2016, 09:39 PM
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#1
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Junior Member
177 posts Joined: Apr 2011 
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So the new 1k incentive will only start next year right? I have just graduated and think this is a very good investment haha...most of you guys invest PRS fund through FSM or other channel? From what I understand is that you have to fill in the forms yourself if you go for FSM?
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Jun 15 2017, 08:57 PM
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#2
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Junior Member
177 posts Joined: Apr 2011
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If my current paying tax bracket will only see RM 150 deducttion if I invest in PRS, should I still invest RM 3K per year? or should I just invest RM 1k which is enough to get the youth incentive?
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Jun 15 2017, 10:16 PM
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#3
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Junior Member
177 posts Joined: Apr 2011
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QUOTE(imnotabot @ Jun 15 2017, 09:48 PM) It depends on your circumstances. If you don't need that RM2k now, then just dump RM3k in PRS to maximize your tax deduction. If you feel that RM2k is better be saved elsewhere (e.g. emergency savings), then just dump RM1k in PRS just to get the youth incentive, and save the RM2k elsewhere. But even if I put 3K in PRS, my tax deduction will still be quite small amount and cannot be maximized yet at this point of time cause I just started working. I am thinking if I should put the remaining 2K aside and perhaps invest in other funds or stocks? |
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