Yes possible.

As long as the PPA system captures your contribution.

Almost similar like SSPN but this one is easier.

for those who plan to top up and get the incentive, i top up in 2014 to get 500 from government contribution.

1/1/2019 my balance is 1499 which is rm 1 less than 1.5k since 2014, and today i check is 1542 as of 31/5. Ok lets say the interest i get is rm 42 for 5 years, each year is only 0.56% interest. I meant come on dont waste time on this rubbish PRS. you put in FD can get much more than this. Luckily i didnt top up any after the first time. They even charge service fee for top up

I can imagine when i retired and go to the aia to withdraw then the fella give back me 1.5k since 2014. Never trust investment plan from insurance again. They spend your money invest in big car and big house for themselves.

is islamic something something, got 4 choices and sugar coat it until say can get 4-5% return etc. i have to pay pcb but not until that high. the processing fee to top up is 3% unless u straight go for 10k each top up. well certainly the tax relief has a limit just like kwsp (6k). how much tax relief for that PRS ? 3k ? forgotten.

PBB mutual fund is although some are bad but still profitable than this PRS. my mum 20 year PBB mutual fund return is less than FD. So i dont really see the point here. More so let an insurance company to run the fund

LOL, buy low cost ETF through Tiger/IBKR better, PRS funds annual management fee high like siao.

https://www.comparehero.my/budgets-tax/arti...40-b40-malaysia

You mean 50th percentile earner in Kuala Lumpur? That's approx RM 6500 for households aka couples, so RM 3250 for bachelors... that's hardly taxable.

Earning RM 6000~ gross as bachelor would put you in T20 earners already, and even so the tax bracket isn't that high.

For someone in 20s and lock their saving for 30-40 years, especially when there is a good chance their tax bracket is not high enough to offset the excess management fees that they would have saved by investing elsewhere like StashAway, or manual ETF thru Tiger Brokers (which is getting very cheap by using CIMB Singapore account in lieu of telegraphic transfers), investing in PRS is not a wise move for most ppl below 24% bracket.

Have you guys actually read the annual report and check the actual management fees incurred which are higher than the advertised rates? I remember my Principal AAXJ class C was somewhere close to 1.8% in reality.