Annuity Insurance Product, Tax relief RM 3000
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 Dec 31 2011, 12:04 PM
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#1
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All Stars
18,414 posts Joined: Oct 2010 
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QUOTE(Colaboy @ Dec 30 2011, 02:38 PM) so far i guess from Prudential WE have . . . It's Sounds like you are a Prudential agent. But you are GUESSing PRU has PRURetirement Reward which qualifies. PLease confirm first only then let us know.PRURetirement Reward 2011 was RM1,000  |
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Jan 3 2012, 12:54 PM
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#2
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All Stars
18,414 posts Joined: Oct 2010
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QUOTE(Colaboy @ Jan 3 2012, 04:01 AM) ya . . . every year around feb/march company will send you a copy for tax relief What is max age limit to be able to buy this product?Example: Life RM6000 / Medical RM3000 / Annuity RM3000 Added on January 3, 2012, 4:15 am 1) Payment is 25 years . . . cause base on age 30 individual & most likely will continue working up to age 55 before retire. Ya RM3000 goes into a retirement account, the balance RM400 is the sum assured 2) Consist of PRUEquity Fund & PRUBond Fund - X is base on 6% and y is 2%. The percentage of equity and bond fund allocated will defer as one person grow older ==> bond fund will be higher  3) The sum assured of RM22,000 only covors up to age 55, main purpose is for tax relief |
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Jan 3 2012, 01:38 PM
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#3
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All Stars
18,414 posts Joined: Oct 2010
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here is the brochure for PRUretirement_reward:
http://prudential.com.my/export/sites/defa...rochure_eng.pdf |
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Jan 7 2012, 11:09 PM
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#4
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All Stars
18,414 posts Joined: Oct 2010
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QUOTE(Colaboy @ Jan 7 2012, 04:13 PM) Not sure about those product . . . its better to clarify from their agent Tax relief of rm1000 for Year of Assessment of 2011 and It's available since 2011. Those who purchase last year will entitle for tax relief up RM1000 in 2012. For next year 2013, it will be increase to RM3000 as highlights from Malaysian budget 2012 Tax relief of rm3000 for Year of Assessment of 2012 |
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Apr 25 2012, 11:56 AM
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#5
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All Stars
18,414 posts Joined: Oct 2010
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Is it true that 5% of the premium paid every year will be deducted for admin, management and sale commission?
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