Private Retirement Fund, What the hell is that??
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 Aug 6 2017, 04:16 PM
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#1
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Junior Member
225 posts Joined: Jul 2017 
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QUOTE(Kaka23 @ Aug 6 2017, 10:49 AM) Anybody register at PPA website for PRS Online? No benefits except some lucky draw event as below, and can get annual statement with PPA & PRS logo.As I know if register PRS Online.. we can top up directly online. But what other benefits this online platform has?  
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Nov 3 2017, 06:52 PM
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#2
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Junior Member
225 posts Joined: Jul 2017
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QUOTE(Ramjade @ Nov 3 2017, 05:12 PM) But if we put RM6k into EPF and use that RM6k to invest in UT, that RM6k is eligible for tax relief right? Wrong, impratical as u cannot withdraw all ur epf for ut investment. Depends on the amount u have and age, the withdrawable amount is from 0% to 20% of the total epf. |
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Dec 3 2017, 08:23 PM
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#3
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Junior Member
225 posts Joined: Jul 2017
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QUOTE(bluebay @ Dec 3 2017, 03:42 PM) I see most of you against public mutual here 🤣 and unfortunately I'm holding 2 of the PRS fund under public mutual now.. if i would like to buy the cimb fund this year.. what is the easiest way for me to do so? Do I still need to submit ic to register again? QUOTE(Ramjade @ Dec 3 2017, 04:16 PM) It's because their performance is subpar(when compared to other funds). Having 2 PRS fund means you are paying 2x annual fees. Annual fee RM8.48 is deducted ONLY when u top up. if u dont top up, annual fee will not be deducted. Your option 1) transfer out your public mutual into cimb 2) buy another Cimb PRS (which means you are paying 3x annual fees) Yes. Need to submit IC as now you are opening account with cimb principal. So, holding 3 vs 2 funds are the same, in term of cost. |
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Dec 4 2017, 12:11 AM
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#4
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Junior Member
225 posts Joined: Jul 2017
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QUOTE(Ramjade @ Dec 3 2017, 08:28 PM) If got tax relief, takkan you don't want to topup and forgo the tax relief? Just top up 1 fund per year lah. Other no top up funds, no charge one. Y need to top up multiple funds every year? |
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