which PRS is dont have charge tax or management fee?
please advice.

Another pleasant surprise from HwangPRS:

i've just received HwangPRS growth fund annual report in my email and I notice that the fund Annual Management Expense Ration aka MER is 0.5% p.a.

Xuzen

Prospectus puts it as 1.8% p.a., I guess that means that is the maximum mandate they can go. Anything higher, we as unit holders can lodge a complain to Sec-Com.

BTW, Hwang-PRS Moderate Fund AER is 0.3% as stated from their annual report sent to me via email.

Xuzen

I hate this government. Always excluding my age group when have goodies.

So a 29 year old under highest tax bracket who puts in RM1000 this month only for whole of 2013- will get RM 260 (tax relief) and RM 500 (tax rebate?)

RM 240 make RM 1k? WOW 

*Sifu please correct me if I am wrong*

Could I invest in 2 different company i.e RHB and PBB for PRS. I have invested in one of the fund but feel wanna change to other fund provider without switching?

which PRS is good for a 25yrs old? plan to start PRS for tax relief btw, how do we get those rebate and relief? i think rm3k relief is there oledi for few yrs, but the newly announced one also implement next year 2014? is it we just fill in we contribute prs then the system will calculate for us?

Public Mutual which is subsidiary of Public Bank Berhad is definitely one of the 8 PRS
provider certified by Govement.

at last n finally a clearer pictures of how they are going to distribute the RM 500
page #4 & 5

http://www.ppa.my/wp-content/uploads/2014/...H-INCENTIVE.pdf

Thx for the info... what i meant to say is do I need to wait for HwangIM to send me the tax deduction voucher, or i just deduct the amount i invested for the past 1 year (Max. RM3000)?

PRS is UT. PURE investment but with withdrawal restriction.

For Deferred Annuity, you might want to note that the design may vary among different companies, but I only know 3 companies out there offering. It’s not as simple as you have mentioned. Rightfully, you die or live, insurance company will still pay you some money. You CAN always stop contributing, and you can SURRENDER/TERMINATE the plan. You will face the tax penalty IF and ONLY IF you surrender/terminating. Putting a stop to your contribution doesn’t bring forward tax penalty.

If they can ensure people that dump money to PRS can have > 10% of dividend annually with 3000Rupiah of admin fees when people buy and sell, then yes, I will make sure my 7 figures savings will be dump in to it.

Will check the PRS web site for the details, fees to pay etc.

I hope PM managers are reading this. Ha.

1. dividend yield every year must be 2.5X from what EPF declares

Why Only the month of December.....other months got no individual tax relief? 

but d0j0b in post # 1008 mentioned this wor....

ohhhh, but in UTs he/she should know that it could go either way too...
ex...May~ Nov the Nav could have gone up then stayed flat for another year from Dec
(Those that bought in May reaped the Increases)

and that post in 1008 seems "not correct"