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 Private Retirement Fund, What the hell is that??

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timo1003
post Jul 31 2018, 12:44 PM

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If it's of any help, I made my contribution around early August 2017 last year and I have not received any payment yet. So anyone who's interested, please 'invest' at your own risk, despite it being 'backed' by supposedly genuine authorities. Wonder what else can they say besides the boring' change of government' automated reply.

P.S. I'm not even 30 this year and I made the 1k lump sum contribution with one CIMB Principal PRS fund.
timo1003
post Jul 31 2018, 01:02 PM

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True perhaps, but it doesn't hurt to put some sort of disclaimer at the relevant web pages regarding this scheme by a certain body in charge rather than letting other interested parties be the lab rats of the scheme. The fact that this isn't done speaks volumes.
timo1003
post Aug 14 2018, 03:37 PM

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QUOTE(hown @ Aug 12 2018, 04:43 PM)
i havent get the 1k
cimb prs here
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QUOTE(annoymous1234 @ Aug 12 2018, 04:49 PM)
me too!!!  mad.gif  vmad.gif  cimb just send me the statement on friday. with the new government now and country in debit, I wonder if we still will get it
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QUOTE(Aurora Boreali @ Aug 12 2018, 05:27 PM)
Echoing the above... nothing for me either. Invested with CIMB.
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QUOTE(Aurora Boreali @ Aug 13 2018, 11:23 AM)
I called CIMB and they said it's credited on 8-Aug but all of the account statements on PPA, FSM and even CIMB's own PRS portal aren't reflecting this. I was told by the customer service to check back at the end of the month
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If it's of any help I had also invested with CIMB Principal, and the 1k is only reflected in my PPA website account and not the CIMB Principal online website yet.
timo1003
post Aug 27 2018, 11:14 AM

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QUOTE(Kilohertz @ Aug 26 2018, 10:19 PM)
I just checked mine, its not there too.. so sad, didn't get the 1k  sad.gif
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Ya, as per Ramjade's reply. You may have to wait.
timo1003
post Sep 19 2018, 05:14 PM

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QUOTE(hown @ Sep 19 2018, 09:34 AM)
hi. cimb prs bought last year not yet get incentive
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Have you checked your PPA account? It might be reflected there.. I also invested in CIMB Principal PRS fund but the incentive was only reflected in my PPA account and not in my CIMB PRS account..
timo1003
post Sep 20 2018, 05:05 PM

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QUOTE(hown @ Sep 20 2018, 10:04 AM)
dont have in PPA
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Maybe drop an email to PPA?
timo1003
post Oct 3 2018, 06:05 PM

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Just thought I'd share this info, for those who are invested with CIMB Principal for the Government PRS Youth Incentive, if anyone has a similar problem as mine.

I had emailed customer service to enquire on why the RM1k government contribution is not reflected in my account on the PRS Plus Online portal (the one from the CIMB Principal website) even though it is shown in my account on the PPA Official portal. After a long roundabout (though credit to the CS for providing the account ledger for my account to show that there is indeed the RM1k government incentive in their record), this was the response:

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