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Private Retirement Scheme Started?
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ronnie
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 Nov 23 2012, 09:25 AM
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QUOTE(smartinvestor01 @ Nov 22 2012, 05:36 PM) Well, basically from my point of view, PRS is not much different than a normal Regular Monthly Investment in Unit Trust.. The introduction of PRS is more like an effort by the government to enhance the unit trust market or to encourage the citizens to invest in unit trusts.. Therefore, i see nothing interesting in it, rather than just a feeling of frustration because it is like introducing a new version of unit trust.. Noting new... At least we get TAX RELIEF up to RM3000 from YA2012 to YA2021 |
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ronnie
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Nov 24 2012, 12:12 AM
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You mean we need to pay RM8 annually to maintain PRS account ?
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ronnie
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Nov 29 2012, 02:12 PM
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QUOTE(yong417 @ Nov 29 2012, 01:46 PM) just wondering, how many ppl @ 35 years old pay tax @ 26%?  (i.e. annual income > 100k or approx 9k per mth) Also Year-end Bonus is taxable... |
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ronnie
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Nov 30 2012, 07:25 AM
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QUOTE(echoesian @ Nov 30 2012, 12:50 AM) You won't be getting tax relief if bringing the previous balance forward. The example shows you contribute RM3000 every year for 10 years lah  |
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ronnie
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Dec 4 2012, 02:09 PM
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QUOTE(chee_hoong82 @ Dec 4 2012, 01:08 PM) I applied Public mutual moderate convention fund. Paid RM3k. However it required Management fees (2%) + service cahrge (1.5%) and the PPA account open for RM10.  Do they deduct the 2% + 1.5% from the total RM3k ? So do you get RM3k Tax Relief or lesser ? |
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ronnie
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Dec 12 2012, 09:21 PM
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QUOTE(lowyat101 @ Dec 12 2012, 09:08 PM) Came across this: Great Retirement Plan by Great Eastern http://www.greateasternlife.com/my/en/insu..._retirement.htmBut can't really understand how the Option A and Option B works. Can someone clarify this? Thanks This Annuity Plan by GE... which was designed to "attack" PRS as both offers RM3k Tax Relief + able to get money after retirement age (55 or 60) Option A - If you start at age 35 and retire at age 55 If you pay RM3000 premium for 10 years only, you get Yearly Guaranteed Income for 15 years (until age 70) of RM4,365.00 If you pay RM3000 premium for 20 years only, you get Yearly Guaranteed Income for 15 years (until age 70) of RM7,747.50 + 10-year Tax Relief of RM3000 per year. This post has been edited by ronnie: Dec 12 2012, 09:24 PM |
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ronnie
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Dec 13 2012, 07:48 AM
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QUOTE(poolcarpet @ Dec 13 2012, 12:09 AM) Is this considered PRS also? Sure it's claimable up to RM3000 per year for 10 years? Claimed under Annuity Plan Tax Relief (which is under same as PRS also) |
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ronnie
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Dec 14 2012, 02:09 PM
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QUOTE(netcrawler @ Dec 14 2012, 12:56 PM) Anyone already invested in PRS? Where could you obtain the account opening form? Could pay with credit card or must be cheque or cash? Cash or Cheque accepted lah |
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