QUOTE(terzam @ Jul 19 2012, 11:36 PM)
yes. but remember you cant withdraw till retirement age or permanent departure from malaysiaThis post has been edited by idoblu: Jul 20 2012, 08:33 AM
Private Retirement Fund, What the hell is that??
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Jul 20 2012, 08:31 AM
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#1
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All Stars
11,308 posts Joined: Feb 2008 |
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Jul 20 2012, 11:34 AM
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#2
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All Stars
11,308 posts Joined: Feb 2008 |
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 |
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Jul 21 2012, 10:38 AM
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#3
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All Stars
11,308 posts Joined: Feb 2008 |
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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