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 Private Retirement Fund, What the hell is that??

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idoblu
post Jul 20 2012, 08:31 AM

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QUOTE(terzam @ Jul 19 2012, 11:36 PM)
Is this private retirement fund open to foreigners working in Malaysia?
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yes. but remember you cant withdraw till retirement age or permanent departure from malaysia

This post has been edited by idoblu: Jul 20 2012, 08:33 AM
idoblu
post Jul 20 2012, 11:34 AM

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i dont see why people would want to invest in this PRS. So restricted. There is no difference if you were to invest it yourself in the same unit trust funds. Only thing missing is the tax relief.

When you cant withdraw the money, you can only stare as the price drops. No returns guaranteed, no capital guaranteed. And they called this a retirement fund? Might as well put more money into EPF
idoblu
post Jul 21 2012, 10:38 AM

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i really pity the 9 providers. do you know how much time, effort, and money they have to spend to sell this scheme? in the end, no one will buy.

the tax relief is only up to 10 years. after 10 years makan sendiri

 

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