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 Public Mutual v4, Public/PB series funds

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SUSyklooi
post Dec 18 2013, 12:26 PM

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QUOTE(williamlee_1985 @ Dec 18 2013, 12:15 PM)
so now if we withdraw epf money to invest in UT will get 25% tax eh? sob sob
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hmm.gif could NOT get this info from KWSP or LHDN website.
from which official portal did you get the info from?
Readable
post Dec 18 2013, 12:26 PM

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QUOTE(williamlee_1985 @ Dec 18 2013, 12:15 PM)
so now if we withdraw epf money to invest in UT will get 25% tax eh? sob sob
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No Tax Imposed on EPF Withdrawals
Following the video, articles and comments circulated over the Internet concerning 20 per cent tax rate imposed on EPF withdrawals, the Employees Provident Fund (EPF) advises its members that the allegation is untrue.

The EPF would like to clarify that no tax is imposed on all EPF withdrawals and the Fund is not related to the Private Retirement Scheme (PRS).

We hope that with this clarification, the issue regarding tax imposed on EPF withdrawals is addressed.




NIK AFFENDI JAAFAR
General Manager
Public Relations
Employees Provident Fund

Date: 9 December 2013


Above announcement is 9/12/13, so which true??
williamlee_1985
post Dec 18 2013, 12:38 PM

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QUOTE(yklooi @ Dec 18 2013, 12:26 PM)
hmm.gif could NOT get this info from KWSP or LHDN website.
from which official portal did you get the info from?
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Well, not official portal. news from FB, so just seeking for clarification in this thread lol.
koinibler
post Dec 18 2013, 02:37 PM

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QUOTE(williamlee_1985 @ Dec 18 2013, 12:15 PM)
so now if we withdraw epf money to invest in UT will get 25% tax eh? sob sob
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I'm also never know about this.
What I know EPF has increase the the limit of amount that can take out to invest outside. So, we can only withdraw less from before. For PM, the last day to withdraw according to the current rate is 29 December 2013, 12 noon. After that will use new limit.
Readable
post Dec 18 2013, 05:06 PM

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Can I know what the means of private saving?
koinibler
post Dec 18 2013, 05:55 PM

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QUOTE(Readable @ Dec 18 2013, 05:06 PM)
Can I know what the means of private saving?
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Maybe you mean PRS?
Public Mutual is 1 of 8 company that offer Private Retirement Scheme.

http://www.publicmutual.com.my/Default.asp...tual.com.my/prs
Readable
post Dec 18 2013, 06:15 PM

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QUOTE(koinibler @ Dec 18 2013, 05:55 PM)
Maybe you mean PRS?
Public Mutual is 1 of 8 company that offer Private Retirement Scheme.

http://www.publicmutual.com.my/Default.asp...tual.com.my/prs
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Is UT consider as private saving also?
SUSDavid83
post Dec 18 2013, 06:32 PM

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QUOTE(Readable @ Dec 18 2013, 06:15 PM)
Is UT consider as private saving also?
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No.

PRS works like UT with some EPF mechanism. It's a combo of UT and EPF.
SUSyklooi
post Dec 18 2013, 06:36 PM

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QUOTE(Readable @ Dec 18 2013, 06:15 PM)
Is UT consider as private saving also?
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hmm.gif I would call UT as investment instead of saving

Differences Between Saving and Investing

Q: What are the differences between saving and investing?

A: Your "savings" are usually put into the safest places or products that allow you access to your money at any time. Examples include savings accounts, checking accounts, and Fixed deposit. At some banks your deposits may be insured by the PIDM. But there's a tradeoff for the security and ready availability of these savings methods: your money is paid a low wage (returns) as it works for you.

When you "invest," you have a greater chance of losing your money than when you "save." Unlike PIDM-insured deposits, the money you invest in bonds, unit trust funds, and other similar investments is not PIDM insured. You could lose your "principal," which is the amount you've invested. That’s true even if you purchase your investments through a bank. But when you invest, you also have the opportunity to earn more money than when you save. There is a tradeoff between the higher risk of investing and the potential for greater rewards.
SUSDavid83
post Dec 18 2013, 06:37 PM

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yklooi UT is infact is classified under investment. It has its own risk to comprehend.
Readable
post Dec 18 2013, 06:49 PM

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tq all the sifu advise, bcoz I hear sumbody say the 20% tax impose on the private saving is included the UT @@''

so is like GE/HLA/ Pru retire plan consider as private saving too?
SUSyklooi
post Dec 18 2013, 06:54 PM

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QUOTE(Readable @ Dec 18 2013, 06:49 PM)
tq all the sifu advise, bcoz I hear sumbody say the 20% tax impose on the private saving is included the UT @@''

so is like GE/HLA/ Pru retire plan consider as private saving too?
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doh.gif pls read post # 2026
Readable
post Dec 18 2013, 10:57 PM

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QUOTE(yklooi @ Dec 18 2013, 06:54 PM)
doh.gif pls read post # 2026
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haha... always answer myself v a question. ok, got it. tq
koinibler
post Dec 18 2013, 11:13 PM

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QUOTE(Readable @ Dec 18 2013, 06:49 PM)
tq all the sifu advise, bcoz I hear sumbody say the 20% tax impose on the private saving is included the UT @@''

so is like GE/HLA/ Pru retire plan consider as private saving too?
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since the rumors is not true, so you no need to bother about it.

insurance plan for sure is for different purpose from unit trust, and there's no spesific plan for 'private saving' unless as only general term.
Clareen
post Dec 19 2013, 11:32 AM

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QUOTE(williamlee_1985 @ Dec 18 2013, 12:15 PM)
so now if we withdraw epf money to invest in UT will get 25% tax eh? sob sob
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few days ago i saw a video clip regarding this topics surprisingly it seem deleted when i try to dig it out just now.
andrewleewaikeong
post Dec 20 2013, 01:36 AM

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QUOTE(Clareen @ Dec 17 2013, 05:43 PM)
yes first time invest on mutual funds, all the while i put all my cash into fd. err cool down period i could get my refund? or i could actually choose to transfer my fund to others potential mutual funds with a service charge of RM25?
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Additional 0.75 percent charges and not rm25 . Charges implied for investment before 3months
nightzstar
post Dec 20 2013, 11:19 AM

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QUOTE(xuzen @ Dec 7 2013, 09:39 PM)
Usually 60% equities and 40% fixed income is a good start. Another method is to take your age and that should be the percentage of fixed income. So if you are 45 y/o, then it should be 45% in fixed income.

Xuzen
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fixed income refer to those bonds? other than bonds what else is considered fixed income? thks in advance.
felixmask
post Dec 20 2013, 03:03 PM

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QUOTE(nightzstar @ Dec 20 2013, 11:19 AM)
fixed income refer to those bonds? other than bonds what else is considered fixed income? thks in advance.
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Not necessary- some PM Mutual fund are fix-income distribution:
Find Public Serice master prospetus, find the "Distribution Policy: Annual Income"

etc PFEPRF
nightzstar
post Dec 20 2013, 03:38 PM

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QUOTE(felixmask @ Dec 20 2013, 03:03 PM)
Not necessary- some PM Mutual fund are fix-income distribution:
Find Public Serice master prospetus, find the "Distribution Policy: Annual Income"

etc PFEPRF
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ok noted on that, i am kind of confused of what investment can be considered as fixed income. rclxub.gif
felixmask
post Dec 20 2013, 04:38 PM

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QUOTE(nightzstar @ Dec 20 2013, 03:38 PM)
ok noted on that, i am kind of confused of what investment can be considered as fixed income.  rclxub.gif
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Fixed income investment instrument are someting like BOND and FD,where the yield rate already fixed.

Also we hv

Annual Income investment aka Equity Fund with constant dividend type.

It may hv plenty synonyms name; most important the investor understand they Fix Income category invested and Equity Annual income categoty. Both deliver objective want regular income but different type of instrument and risk.


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This post has been edited by felixmask: Dec 20 2013, 04:41 PM
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