Hi, i am planning to put some money in PRS, mainly for the Rm3k tax deduction and also to get my RM500.

Which bank's PRS should i invest in? I wanted Public bank due to convenience but the funds does not seem so attractive.

By the way, if i am not wrong, PRS can't be withdrawed until we are 55 years right?

You mean by 2022 they are stopping the tax rebate for PRS?

Correct me if i am wrong, FSM is another broker like all the banks except i can choose from the list of all the banks? Their office is in KL based on the link you've provided.

Like in PB, i can only buy their own funds, CIMB, their own funds, etc?

Thanks.

I see, thanks for the info.

I'm in the same position and age as you, just created my FSM account and came across this new Rm1k incentive. So now i'm thinking if i should wait as well.

I need clarification from all the sifu's here, if i'm not wrong, it has to be the first investment of minimum Rm1k to get the Rm500/1000 rebate. Second investment does not count, is that correct?

This post has been edited by silverwave: Oct 29 2016, 12:48 PM

I've asked this in the FSM thread but apparently it's more suitable here since it's related to PRS:

Hello, first time investor here, got my FSM account ready last year but decided to hold till this year to get the RM1k incentive.

I've decided to invest RM3k per year to maximise the tax rebate too.

My question is, should i just invest may be around RM1100 for one fund (to get the incentive) and then take my time to invest the remainder in the next few months? I think it would be safer to break into a few PRS funds right? What funds would be recommended for a beginner to start?

Hi, i have a noob question here, where can i see the yearly dividends of the particular PRS? I can see the growth % but not the dividend.

My understanding is there should be yearly dividend payouts like PB Mutual, EPF, etc.

Looking to make my first purchase of RM1k for Affin Hwang PRS Growth Fund

*** Just found the info below, is it the dividend that is paid on 31/1 yearly?

This post has been edited by silverwave: Feb 26 2017, 10:10 PM


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Yup, make sense, thank you.

Exactly what i was finding, thanks.

What is your opinion on investing all on growth fund?

I've just successfully put my first Rm1k and looking if it's a smart move to put all under growth funds or spread it across moderate funds too?

Hi, does anyone know when exactly the extra RM1k by government for those under 30 years will be credited into the account?

Hi, just wondering for the Rm3k PRS to get tax rebate, can the 1k given by government be included? It yes, i will just transfer Rm2k to the fund.

Yes this is what i'm looking for, thank you for the link.

Hi, i have a growth fund that i've invested last year at about Rm0.64 and it's RM0.59 today.

Would it be a better idea to average it down or look into conservative/moderate funds?

My investment is just for the Rm3k relieve only.

This post has been edited by silverwave: Dec 22 2018, 11:50 AM

Hi, i've been buying AHAM growth fund yearly via FSM and it seems fine so far. Worth to look at other funds or just continue to get the same fund?

To be honest, i've never compared it for the last few years. As long it was a gain, i left it because this was for tax deduction and i can't withdraw until 55 years old (unless i pay the penalty and remove it).

All the while it was for tax relief only and since i could not touch it till i'm 55 years, i did not bother much. Currently it's at 3.62% gain after a few years.

Can recommend some funds that are matching EPF returns? I can check it out.

AHAM PRS growth fund, same like yours. You are right, i recall the profit was much higher around 2020-2021. I just deposit once a year around Nov/Dec for tax purposes.

Your W.A.C is much lower, mine is at 0.6291.

I'm looking at both the funds now but they are not PRS is it? For tax deduction, it is PRS only right?