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found the answer in the previous posts. thanks,
This post has been edited by mroys@lyn: Dec 20 2018, 07:10 AM
Private Retirement Fund, What the hell is that??
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 Dec 19 2018, 01:25 PM
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1,037 posts Joined: Jul 2009 
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Oct 18 2019, 03:26 PM
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#2
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QUOTE(MUM @ Oct 14 2019, 06:59 PM) if only buy 1 yr @ 3k.....you save RM600 tax very much depends on timing. i started last oct with affin-hwang, saved on tax relief and got 8%+ returnsthe if PRS funds is annualised at 4.5% ROI pa and if other investment is 6% ROI pa 1.5% of 3k is RM45 x 13 yr = 585 abt 13.3 yrs to breakeven at RM600 if you get to invest a 6% ROI like ASB.. so if RM45 x 20 yrs = RM900 that is > the RM600 tax saving... so it depends how long in PRS and is there a 1.5% ROI pa or more investing vehicle out there over the PRS fund per year...  This post has been edited by mroys@lyn: Oct 18 2019, 03:27 PM |
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Oct 20 2019, 04:16 PM
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QUOTE(AgentVIDIC @ Oct 20 2019, 01:15 AM) \\ if not misktaken, hwang-affin moderate fundhello sifu, mind to share which Affin Hwang fund you bought?  |
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Oct 20 2019, 05:26 PM
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#4
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QUOTE(yklooi @ Oct 20 2019, 04:53 PM)  I think other than timing,....it has to be the right fund too....for if for the same duration, if one were to take up Affinhwang Shariah Moderate instead of non shariah...then the returns would not be > 5% or if for the same duration, if having Cimb Moderate one...the return would have been > 10% too or if for the same duration, if having Cimb PRS Plus Equity....then  MINUS returns good that you got the right fund at the right time too, may the performance of this fund be right again for the next few years. |
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Nov 11 2019, 04:27 PM
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#5
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sifus, any recommendation for affin-hwang prs fund? plan to dump 3k for tax relief purposes.
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Nov 11 2019, 04:28 PM
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#6
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QUOTE(virgoguy @ Nov 11 2019, 11:09 AM) so what's current PRS trend ? still CIMB PRS Principle Ex Japan? tumpang, found a similar question. thanks.near year end. yet to topup for tax relief |
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Aug 19 2020, 01:12 PM
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#7
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1,037 posts Joined: Jul 2009
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lol... Sudha sudah menang!!!
» Click to show Spoiler - click again to hide... « |
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Oct 7 2020, 09:08 AM
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#8
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QUOTE(GrumpyNooby @ Oct 7 2020, 08:11 AM) I'm also holding Affin PRS Moderate Fund. Me too, have been keeping with this fund for 3 years consecutively for tax relieve purposes. 3 years with average total returns of 15%, not bad.I'm only investing into existing funds; not employing your strategy of 1 new PRS fund per calendar year.  |
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Nov 17 2021, 08:52 AM
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#9
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1,037 posts Joined: Jul 2009
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Hi, i missed the oct low opportunity and now it's time to top up my PRS for income tax deduction purposes. do you think i should wait for year end?
QUOTE(cklimm @ Oct 2 2021, 09:30 AM) Things are quite cheap now, The FSM promo just in time. |
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Nov 17 2021, 12:47 PM
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#10
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Thank you bro, just created FSMOne account but was informed that my current PRS with Affin i-Access cannot link with FSMOne new purchase/top-up.
QUOTE(CSW1990 @ Nov 17 2021, 12:03 PM) If you are still young the PRS will lock for many years before you can withdraw so I think should just buy 3k for tax relief purpose when have the promotion like FSM one. The fluctuation not that big enough and we can’t predict what will happen in dec... |
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Nov 17 2021, 02:24 PM
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#11
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1,037 posts Joined: Jul 2009
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thanks, will do it.
QUOTE(DragonReine @ Nov 17 2021, 02:14 PM) Doesn't matter if low/high since funds will be locked (unable to withdraw) until age 55, PRS is for very long term + tax relief. Just open je if you have funds now, waiting no real point. |
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Dec 22 2022, 03:19 PM
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#12
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My affin-hwang prs moderate 5-year top-ups are similar to 5 years annualised return, still making 1% out of 15k investment. if i put in fd, i can get rm900+ (based on 2% rate) instead of 150 but again i get tax relieves.
QUOTE(viknes36 @ Dec 21 2022, 04:28 PM) please refer to respected fund performance here: https://www.ppa.my/wp-content/uploads/2022/...ll-PRS-Fund.pdf i filter based on past 7 years performance.  |
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Dec 22 2022, 04:13 PM
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#13
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1,037 posts Joined: Jul 2009
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you mean i can switch now? not too late? will explore this, thanks.
QUOTE(Ramjade @ Dec 22 2022, 04:10 PM) Switch to Asia ex Japan or Asia Pacific ex Japan fund. Malaysia focus funds is super lousy the performance. |
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Jan 4 2024, 11:42 AM
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1,037 posts Joined: Jul 2009
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Is the tax relief up to RM3,000 on contribution to a Private Retirement Scheme still applicable for Year 2024? When can we sell/liquidate the fund? Thanks,
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Jan 4 2024, 12:11 PM
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#15
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1,037 posts Joined: Jul 2009
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thank you boss
 a few more years to go (for me), hope the market then is good. QUOTE(ronnie @ Jan 4 2024, 12:01 PM) PRS Liquidate without fees after 55 years old PRS Tax Relief until 2025 (unless extend later) |
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