You mean we need to pay RM8 annually to maintain PRS account ?

GE not part of PRS provider.

Not mistaken only AIA & MANUFLIFE

Xuzen hv apply....Insurance has plenty hiddent charges you may not expect from Unit Trust.

Hi all,
I know we can use EPF $ to buy UT. But can we use EPF $ to buy PRS too?
Thanks.

Can I withdraw from my EPF to contribute to the PRS?

The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature. Members are not permitted by law to withdraw from EPF to contribute to the PRS.

AmInvest launches 5 non-core funds under private retirement scheme

AmInvest has launched five non-core funds to increase the investment options provided under its private retirement scheme (PRS) core funds.

It said on Tuesday these new PRS non-core funds would offer Malaysians a full spectrum of PRS investment solutions in terms of risk and return to suit all investors’ risk appetites, investment goals and objectives

These new funds comprised of four Shariah-compliant PRS non-core funds and one PRS non-core conventional fund and would complement three existing PRS core funds launched in April this year.

The new five PRS non-core funds are AmPRS – Islamic Equity Fund, AmPRS – Islamic Balanced Fund, AmPRS Islamic Fixed Income Fund, AmPRS – Tactical Bond and AmPRS – Dynamic Sukuk.

The minimum initial and additional contribution to AmInvest’s PRS non-core funds on a regular saving plan is RM100.

http://www.thestar.com.my/Business/Busines...ent-scheme.aspx

hey wanna ask if anyone knows if the Maybank's 'Smart Retirement Xtra' is it entitled for the Rm3,000 tax exemption? Since I see their brochure mentioned "subject to the approval of the Inland Revenue Board".

roystevenung,

Which may not help anyone of us when the government had spent all of our money before UBAH.  Our government debt is the same size as EPF now.  IMHO, PRS is just another way for the government to TRAP our money in Malaysia.

I ASSUME that I will not get any of my EPF money back when I retire.

Dreamer

Anyone invested here and knows what is the returns for any of the PRS providers?  Who gives the best returns so far?

I still got 2k to go to invest in PRS to get maximum tax relief.

Will invest 2K in month of December.

You already invest Max amount that Ethan titled for tax relief?

The attractive point is the tax relief if you are at the higher tax bracket........

If you can live without that RM3k annually, its a great deal.....

Say at 24 % (more than 100k taxable income annually), so annually, instead of giving RM720 to the government as tax, you keep that RM 720 as retirement fund. Of course the remaining RM 2280 can't be touched till you are 55 years old.....

Anyway, the tax relief just applicable till 2022 only if I'm not mistaken which you can stop contributing then.

can i set my PRS to 40 years old, EPF at 60 years old ?