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 Private Retirement Fund, What the hell is that??

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zzzhhhzzz
post Nov 29 2016, 09:44 AM

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guys if I want to buy PRS fund from fundsupermarket, what will be the procedure like ? Should i first open an account with them then only purchase the PRS fund that I like or when i open an account with them I need to specifiy which fund i purchase already ? how long does it take to complete my purchase with fundsupermarket ?
zzzhhhzzz
post Dec 15 2016, 03:42 PM

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so guys... whats your pick on the PRS fund.. which one you think is going to perform in the coming years ? Considering Kenanga OnePRS... but minimum investment is RM1k .. (wanted to invest less than RM1k so that i can get PRS youth incentive of RM1k next year) .....
zzzhhhzzz
post Dec 16 2016, 07:36 AM

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QUOTE(Ichitech @ Dec 15 2016, 07:53 PM)
@CSM189
the method works. I just called PPA and asked, to qualify for the 1k, you need to invest 1k (firstever reached) in between 2017 and 2018, then u are eligible for the 1k.
Gonna top up RM900 for this year for tax relief smile.gif
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Im turning 31 in march 2017... so if i invest 900 this year .... 1000 in Jan 2017 .. will i be entitled for the RM1K ?
zzzhhhzzz
post Dec 16 2016, 08:45 AM

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QUOTE(Ichitech @ Dec 16 2016, 08:38 AM)
Your method sure works, if the PPA guy never cheat me biggrin.gif
I just shipped my form too today
Yours not sure.. better call PPA and ask, by right you should entitle.
http://www.ppa.my/prs/prs-youth/eligibility-requirements/
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In order to be qualified for the PRS Youth Incentive, the following requirements must be met;

Individuals must be Malaysian nationals.
Individuals may be existing PPA account holders or new Members.
Individuals must be aged 20 and above but have not yet reached the age of 31 within any calendar year, between 2014 – 2018 in a single PRS fund of a Provider.
Gross contributions within the calendar reaches RM1,000


so meaning if I invest RM950 in Kenanga, RM950 in CIMB and RM950 in HWang i wont be eligible for the fund yet right ? so I wait till next year to invest Full RM1k with one Fund then i can get RM1000 from gov ?
zzzhhhzzz
post Jan 16 2017, 08:44 AM

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QUOTE(rapple @ Jan 9 2017, 11:27 AM)
are we still eligible for the RM1000 incentive if we have already receive the RM500 incentive earlier ?
zzzhhhzzz
post Nov 26 2018, 11:54 AM

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Guys .. what are your thoughts on the outlook of APAC equitu market for 2019? Do you think it will rebound ?

 

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