Private Retirement Fund, What the hell is that??
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 May 8 2018, 07:08 PM
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#1
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Senior Member
968 posts Joined: Aug 2012 From: Subang Jaya  
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I just got my letter from PPA after opening an account.
Is there any guide for purchasing PRS via FSM? I tried reading their guide but so confused on what form to fill and submit. My PRS fund is from CIMB if it helps. Thanks sifus |
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May 8 2018, 07:31 PM
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#2
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Senior Member
968 posts Joined: Aug 2012 From: Subang Jaya
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QUOTE(T231H @ May 8 2018, 07:14 PM) maybe this can helps For CIMB related, they require the Join Account Opening Form / Contribution Form.How to Purchase PRS Funds Please find the steps below for the purchase of PRS funds. Fundsupermart.com (FSM) will process your transaction once you have done the steps below. https://www.fundsupermart.com.my/main/prs/prsForms.tpl  Where to find that? I applied for CIMB PRS through the PPA portal. |
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May 9 2018, 01:34 PM
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#3
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Senior Member
968 posts Joined: Aug 2012 From: Subang Jaya
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QUOTE(T231H @ May 8 2018, 07:55 PM) you already had PPA a/c number and had already bought a CIMB prs fund not thru FSM .... Yes that is correct.now you wanted to buy CIMB PRS fund thru FSM? is ALL the above correct? .... the CIMB forms and related action are in the link given earlier... Or do I just buy the PRS fund FSM without needing to apply for anything else? Thanks. |
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Dec 30 2019, 03:22 PM
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#4
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Senior Member
968 posts Joined: Aug 2012 From: Subang Jaya
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QUOTE(prototype @ Dec 30 2019, 03:20 PM) any way to subscribe to PRS this last minute? At the time of posting this reply, its already too late. If you invested in a PRS before, close out date should be 30th Dec before 11AM. Otherwise it may take up to weeks to process a new account. |
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Jan 7 2020, 11:23 AM
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#5
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Senior Member
968 posts Joined: Aug 2012 From: Subang Jaya
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QUOTE(MUM @ Jan 6 2020, 08:53 PM) an individual who makes contribution to his or her PRS funds is allowed to claim tax relief of up to RM3,000 by the Inland Revenue Board of Malaysia. This tax incentive is available for a period of 10 years, ending year 2021. Ending year 2021, meaning we still invest in 2021 and then claim during year 2022? Or just invest in 2020 only?https://www.ppa.my/prs-tax-relief/ |
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