1. yes, the fund houses will charge you a fee. Other charges? check with relevant fund house.

2. All you have to do is to invest at least RM1,000 into your PRS account, and they RM500 shall be in your account sooner or later, I was told you have to wait for a few months for that.

3. Pick up their respective prospectuses and start reading it, it depend on which fund house you like. As for the fees, I did not check with the other fund houses, but there are more or less charging the same amount (AFAIK).

If you invest through banks, you may end up be charged a little bit more, as I believe fundsupermart should be charging a cheaper rate than others right?? Please correct me if I'm wrong.

but if with other banks, you may get an agent, like my case, my agent is a nice guy to talk to and he is very professional in doing his job. so I don't mind paying a little more though. Whereas in fundsupermart, you may or may not be able to get someone to advise you on their funds... you must make sure you read through all the prospectuses...

Good luck

hmmm good for you

hmm... Let me see... for this hwang PRS, can I buy through fsm?

okie, thank you! but are these hwang PRS funds really making good returns? the one I invested so far, have been consistently showing about 12-14% return per annum...which is quite steady in my opinion...

what do you guys think?

Can I ask, can I switch from one prs fund to another prs fund?

eg, currently invested 2k in cimb funds, but i want to switch to kenanga funds instead, with the same 2k, sell them off and buy into kenanga?

maybe I can't use my current agent to do so because he's from CWA, so can I ask him to sell for me, then I use that money in my prs account to buy something else? thx.

hmm, okay will do. thanks.
currently checking, will update you guys if I have the update.

thanks sifu, i also just got in touch with my agent. so Am now thinking how to manage these already invested funds. hmm.. now 2k in this cimb funds, if I transfer to kenanga, can I use fundsupermart to purchase instead?

thanks. already shot them an email.

let's see what they have got for me. thank you.

hi all, an update and fyi only. PPA is quite efficient too, kudos to them.

"A Member may make a full or partial transfer from one or multiple funds managed by the Transferor Provider, subject to the PRS Guidelines. Members are to approach the Transferee Provider to complete a Transfer Form as well as other relevant forms. Request for transfer must be made in units and a Member will not be required to indicate the breakdown on the number of units to be transferred from sub-account A and sub-account B respectively.


We append herewith, the terms and conditions for Transfer :

A Transfer can only be performed subject to there being sufficient units in the fund(s) selected for transfer (after deducting the applicable fees and charges)

Where the net amount to be transferred meets the minimum contribution requirement of the Transferee Provider (the receiving Provider)

A transfer request can only be conducted once per calendar year (there had been no prior transfer with the Transferor Provider (releasing Provider) in that calendar year)

Members are only allowed to transfer to one fund. Each transfer request is only between two PRS Providers which must involve a transfer of one or more funds from the Transferor Provider to one or more funds of the Transferee Provider. Splitting of funds is not allowed for transfer for example from a single fund to two or more funds."


case by case basis: on my case - You are not allowed to perform the transfer request as Transfers can only be instructed between Providers after the first year of subscription to the PRS from the date of first contribution."

so far, the tax relief is until 2021 (please correct me if i'm wrong). so you can make full use of it.

only the 3k you put is subject to relief, not the 1k from gomen

still plenty of time, just gotta make sure you put it in by the end of this year and should be eligible.

which bank? which fund? do your own homework and make your own decision as to which one you wanna invest in.

i invested RM1000 way earlier, maybe like 5-6 years ago.

i only received the incentive of RM500 after like 2 years after i started the investment.

so, be patience, it will be in your account.

also, we the earlier batch only get RM500 instead of RM1000 now.

anyone here plan to withdrawl the RM1500 from your account B with each PRS provider?

i did a brief calculation of how much my account has made (pure profit for 2019), since don't have the actual official numbers on my profit.

The recent market tumbles wiped out all of my profits made for 2019. despite that, when you withdraw, you are merely withdrawing your past years' profit and you still let your capital run in it. at least for my case lah. Yes, now is really a buy high and sell low situation, but my own argument is, look back at the main reason for me to invest into PRS and that is the tax relief of 3k each year.

Now that you're able to withdraw at least some money back at no penalty, why not take this chance and cash it out a little.

so the cash out from account B is merely withdrawing some of the profits that you have made in your past years.

Minus the investment concept, letting the monies remain in your account, be it, EPF or PRS, is because you want to let the magic of compounding to work for your future retirement pot. i assume your EPF will certainly has much bigger pot of money and the compounding effect can definitely works better than your money does in the PRS right? (let's just assume, say 5% p.a. for each).

So let's say you have 2 providers and both also more than RM1500 in your account, won't you withdraw RM3k from PRS instead of EPF?

I am not too sure about your situation, given your scenario, even if you have not made losses, you are withdrawing your capital only, but you lose out on time vs returns lah, after 4 years plus, you didnt get any return for the monies you invested in.

i invested much earlier in 2012/2013 (can't remember which year). i have certainly made profits (simple ROI (didnt really track of its performance)), especially when my investments costs was zero (was with a PRS provider). So for me, i will be withdrawing my profits despite the recent market wiped out all of my 2019 profits.

So we have the same ultimate motive when it comes to investing in PRS, i.e. the tax relief.

given that the tax relief is only up to 2021, will you continue pouring in money starting 2022? I guess the answer is no.

nobody is saying one is wrong. that's why this is forum discussion all about.

tax relief is certainly a gain for you derived from such investment.

it's just like your benefits-in-kind received from your company, it's not cash, but you will still be taxed for those.

similar concept. whether you want to consider that as a part of your taxable income, then that's not up to you.

ok got your concept.


additional question, i get confused after reading your post or some other posts. Withdrawing from PRS is not equivalent to income right? you're not gonna add this 1.5k into your tax return as income right? it has no more tax implication, right?

you withdraw 1.5k

then later topup 1.5k

how does this equate as contribution of 3k to maximise the tax relief at 3k?

at most is just 1.5k. tax relief is based on your contribution amount and not inclusive of withdrawl i believe.

erm, i am referring to this current 1.5k withdrawal offer.

but even if so, i supposed the normal withdrawal too will not be considered as an income to you right? the one that you will have to pay 8% penalty.