After reading the comments in this thread, I see there are a few misunderstandings about PRS. Just to clarify :
- PRS does not require regular and fixed contribution by depositors; you have freedom to decide when to contribute, how much to contribute, and you are free to invest in as many types of funds as you like
- If you have an EPF account you can still have a PRS fund; it's not like they have to be one or another. In fact, they complement each other because some may think that EPF savings will not be enough to fund their retirement.
- Additionally, Malaysians between the age of 20-30 years old are entitled to a one off contribution incentive of RM500 by the government

For more details you can refer loanstreet.com.my/learning-centre/private-retirement-scheme-explained

Happy investing!

This post has been edited by jan2000: Nov 6 2014, 10:50 AM