Private Retirement Fund, What the hell is that??
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 Jul 4 2015, 10:12 PM
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#1
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Junior Member
162 posts Joined: Dec 2013 From: Kuala Lumpur  
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The path is yours. It is either you pay TAX to the government since your have taxable income or just choose to park some MYR3000 with either one of PRS providers and take it out after you retire at 55 year old. Similar to whether is it better own a house or to rent a house concept.
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Oct 15 2015, 10:54 AM
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#2
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Junior Member
162 posts Joined: Dec 2013 From: Kuala Lumpur
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Yea, PRS is more like an EPF. Just in case the later fail and you got two baskets of egg
QUOTE(knight @ Sep 25 2015, 04:50 PM) Since PRS is a long term UT, it's best if we don't put all in one basket. And also go for those who give good returns to pressure other provider to work hard and push hard then we can have more secure and better return. Let the market gets more competitive.  |
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Oct 15 2015, 04:32 PM
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#3
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Junior Member
162 posts Joined: Dec 2013 From: Kuala Lumpur
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So, which one you recommend? Actually, SC has already chosen the 8 provider with track records. Diversify more then if you don't have balls
QUOTE(knight @ Oct 15 2015, 02:43 PM) PRS is a long terrm UT. The one you quoted me is a reply, not a question. So since PRS is like a long term UT, in order to make the bank work harder for new customer, we should choose the bank that gives the best deal so that they have the competition to get good past portfolio. |
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