Can someone help me on this, I interested to ask my mom to invest in PRS due to the tax rebate, but based on my mom salary n after calculate, how much refund you can get from 3k investment not according to your tax bracket..here the calculation for discussion

before PRS
-------------
Salary 90k
-rebat without PRS = 20k ( Kwsp,insuran, child, zakat )

taxable income = 70k

according to LHDN tax bracket for 2015 onwards - http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11

first 70k = RM5600

Tax need to pay = Rm5600

After invest in PRS
----------------------
Salary 90k
-rebat with PRS = 23k (Kwsp,insuran, child,zakat + add 3k for PRS)

taxable income = 67000
tax calculation ( 50k - 70k tax bracket)
First 50000 = RM2,850
next 17000 = RM 2720

Tax need to pay = RM5,570


Difference( before - after ) RM5600 - Rm5570 = Rm30 !!

only RM30 difference?? so seem like it not worth it for my mom to invest in PRS right..better go for the normal mutual fund then.

My tax calculation correct or not :-P

Owh...My Bad, I put wrong value for the 1st 50k, thank you for correct me..now it more sense to propose my mom to invest in PRS.

Thanks

Hi,
want to ask around other sifu. I open PRS account at FSM since April 2015 and select "CIMB Islamic PRS Plus Asia Pacific Ex Japan Equity - Class C". so for every month put in RM250 to get the 3k tax relief. My question why since 2015, I don't get any dividend credited to my account? at FSM historical view, I only can see buy in statement, No dividend for my PRS. Compare to my eastspring investment, I can see the dividend credited to my account. Anyone can answers this question? How to know the fund performance? It is so bad that no dividend for PRS fund I selected?