Annuity Insurance Product, Tax relief RM 3000
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 Jan 5 2012, 11:37 PM
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#1
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Senior Member
3,294 posts Joined: Dec 2005  
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Is this PruRetirement only available this year for income tax relief purpose?
Added on January 5, 2012, 11:41 pmI thought Annuity relief is only up to 1k? This post has been edited by echoesian: Jan 5 2012, 11:41 PM |
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Jan 6 2012, 04:24 PM
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#2
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Senior Member
3,294 posts Joined: Dec 2005
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Aside from this PRUretirement reward from Prudential, is there any other insurance products from other insurers that gives the annuity tax relief ?
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Jan 7 2012, 10:17 PM
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#3
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Senior Member
3,294 posts Joined: Dec 2005
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Is there any Annuity plan from Great Eastern?
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Jan 11 2012, 10:59 PM
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#4
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Senior Member
3,294 posts Joined: Dec 2005
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I heard there is a new annuity plan from Great Eastern coming soon??
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Apr 23 2012, 11:38 PM
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#5
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Senior Member
3,294 posts Joined: Dec 2005
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I don't quite understand this plan, let say if we opt to pay premium for 10 years, each year is 3k, do we get any interest on the premium paid or we only get paid after 55 years old?
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Apr 24 2012, 11:04 PM
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#6
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Senior Member
3,294 posts Joined: Dec 2005
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QUOTE(Colaboy @ Apr 24 2012, 01:05 AM) of course you get interest every year for the premium you paid, but because this is a retirement plan No, but from what I saw from the sales illustration, the monthly guaranteed income is only payable once the insured's age is 55 years old... so meaning every year we just pay the premium without any interest at all until we reach 55?the plan needs to lock your money in it till age 55 (just like your epf account)   |
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Apr 25 2012, 11:23 AM
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#7
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Senior Member
3,294 posts Joined: Dec 2005
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QUOTE(Colaboy @ Apr 24 2012, 11:36 PM) The premium or money you contribute will be allocated into our Prulink Golden Equity & Bond fund. After reach age 55, if we continue with the plan, does the premium still invested in the bond/equity fund? So if the fund value increase from RM1 to RM2 in the future, the same does to your savings. The guaranteed income is an option for you to receive monthly base on the capital . . . but you can choose to surrender the policy after 55 to withdraw the cash value inside. What is the historical average yearly return for this plan? |
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Apr 25 2012, 05:18 PM
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#8
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Senior Member
3,294 posts Joined: Dec 2005
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Aside from Prudential, is there any other Insurance Companies that offer the similar plan?
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Apr 26 2012, 10:30 AM
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#9
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Senior Member
3,294 posts Joined: Dec 2005
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I got to know Uni Asia Life has a new plan called Uni Smart Income, looks interesting as you just need to pay premium for 10 years only...but I need to find out more...
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