The game IS the tax relief - imagine if one is at the 26% level, one gets "immediate returns" of 26% then only minus the cost of these PRS (service charges lar, what not lar).

In addition, cannot withdraw doesn't mean one can't manage it by switching funds or % in bonds/fixed income VS equities right?
It hasn't been stated so thus far.
Heck, even my EPF $ invested into mutual funds can be manipulated by me by SWITCHING to/fro Bond Funds for Equity Funds, WITHOUT withdrawing from the fund house back into EPF.
Even further to that, one can also use EPF $ to invest into KLSE stocks (self-directed) via some investment houses, instead of the fund manager doing it for one.

There are many ways to manage bro.
Put $ only in EPF and when Gov touch touch, we people scream.
Now have a different channel WITH tax relief, also scream. Susah lar macam ni kan?

---

Added on July 20, 2012, 6:07 pmJust curious - have U ventured into it by calling one of the several fund houses?
Anyhow, normal lar - Boss says "A"... when "A" isn't fully ready yet.
If it's like the current schemes of EPF --> Mutual Funds are anything to go by, then shd be manageable and simple enough. I'm hoping the service charges are even lower heheh

This post has been edited by wongmunkeong: Jul 20 2012, 06:08 PM

Xuzen-san, ano... i think Annuity & PRS same category leh, thus net net can claim $3K tax relief only. Please correct me if i'm mistaken.
SSPN is another different category
Thus, i'll be getting $9K tax relief

IF PRS & Annuity is DIFFERENT category, i'll buy into PRS too heheh. I'm hoping i read wrong on the tax relief categorization of i) & ii)

Ah.. danke JutaMind

DAGNABIT! Jib Kor.. was hoping for another instant $700+ tax relief

This post has been edited by wongmunkeong: Nov 17 2012, 10:02 AM

http://forum.lowyat.net/topic/2304408/+0#entry55568473

Serong a bit ar - just a caution

600X numbers or "short codes" does not necessarily mean its from where the SMS says it's from.
A person or company can blast out SMSes via short codes and put any donkey thing on them, especially if sent via providers from "more unregulated" countries.
Even phone numbers can be spoofed via VOIP - be aware of cons via phone numbers with caller-lineIDs that looks to be the same as Bukit Aman and stuff. Personal experiences & technically done it before as a prank on colleagues

This post has been edited by wongmunkeong: Dec 29 2012, 08:17 PM

"FIRST-OF-ITS KIND: It was is designed to meet required criteria of a deferred annuity plan to qualify for new tax relief of RM3,000"
"Deferred annuity plan", get it? Same tax relief - PRS vs Deferred Annuities
http://www.btimes.com.my/Current_News/BTIM.../#ixzz2JMWrDXh1

One post in PRS instead of annuity, another asks the obvious

zip the file & attach or use googledocs & share the link

Sarcasm or U really mean it?

If the latter
1. Tax benefits of investing more than $3K/yr = 0
2. Minimum returns from EPF is guaranteed at 2.5% VS PRS guaranteed to swing -ve to +ve
3. PRS A/CB only can take out before 55 with a tax penalty of 8% on the withdrawal (http://www.ppa.my/index.php/how-prs-works/faqs-on-prs/)
4. PRS A/CA only 55 can take out unless one dies, Permanent departure of a member from Malaysia; (http://www.ppa.my/index.php/how-prs-works/faqs-on-prs/)
5. AND the final : How does one take out from EPF to get into PRS? Other than the round-about way via EPF A/C2 monthly mortgage withdrawal?

Any better logic that overcomes the above, please share - i'm willing to be wrong as long as make better $ with equal or lesser risk
Just a thought

http://www.fundsupermart.com.my/main/home/index.svdo
DIY
Hwang PRS and some others (hehe - i guess U know which i did lar)

Hope the above helps

This post has been edited by wongmunkeong: Sep 3 2013, 07:55 AM

PRS a/c B only can be taken out b4 55 unfortunately.
A/c B = 30% only of yr full PRS

55 last seen
http://www.thesundaily.my/news/752960
...Earlier, in his opening remarks at the conference, SC executive chairman Datuk Ranjit Ajit Singh said the regulator is presently maintaining the age limit of permitting full withdrawals from PRS at 55 years of age...

http://www.ppa.my/prs/prs-faqs/
From PRS administrator itself

This post has been edited by wongmunkeong: Oct 23 2013, 06:54 PM

Well, i don't deal with crystal balls. What is now and statement of fact is 55.
Thus it isn't 60.

I hope (hope is a very lousy investment i heard ) that loophole is still there when i reach >= age 55

eh - salt on wound lar dei
3% INSTANT LOSS very painful (PM)
VS 0% instant loss (Hwang)

Post #424 to be exact

aiyo.. like keep insurance separate from investments,
so should guys keep gals separate from investments lar - else wrong head "thinking" very dangerous for our AssEts' life cycle leh

Justify or clarify?

If clarify - done already.
It's a misunderstanding mostly except for the 8% whacking if U take out from account B before 55
http://www.ppa.my/prs/prs-faqs/ look at withdrawals

Justify?
sorry - i dont think anyone in LYN can or needs to justify kaka to U

eh - U did proper due diligence or not ar?

The PRS rebate is for "youngsters" - not "low income group".
There are 25-30 year olds making more than old uncles like me

Who said U can't take out? Either 50 can take out all
OR
PRS A/c B - can take out anytime but kena taxed 8% coz tax relief given for the year input/invest.
Imagine tax relief get 26%, then take back out pay 8%...

NEXT!

http://www.maybank2u.com.my/WebBank/SRX%20brochure_15Mac.pdf

Hm.. English?

Page 4?
Front end charge:
25% 1st + 2nd year
20% 3rd year
10% 4th year
5% 5th to 10th year

Page 3?
Taking average of high (6%) & low (3% and still NOT guaranteed), $58,723 is the return after 10th year (unclear - if more than that, worse), which is about 11.36%pa
Low would be 3.78%pa (still not guaranteed!)
& High be 16.57%pa

so.. in your opinion, which portion is better than PRS?
Especially PRS with 0% front end charges?
The $10K death insurance?

true.
but what is the probability of PRS negative returns,
given a 10 year time frame
AND every year invest $3K (DCA per year or DCA every 4 mths $1K)?

i do agree that annuities are useful for some purposes - especially for those that NEEDs assurance.
for others, locking in the $ for 10 or more years and getting FD or slightly better than FD rate may not be too enticing, especially if they've other $ locked in with EPF.

Just thinking

This post has been edited by wongmunkeong: Jun 8 2014, 09:09 PM