Thank you so much for the clear explanation!    I've had a brush with Interactive Broker recently and the application process was crazy and so daunting that I stopped!    I felt that the response from their customer service team was lackluste thus I gave up, lol (something to do with the W8 form). The main reasons I wanted to use them were the fact that they're:
1.One of the biggest brokerage firms in US and they're regulated by US SEC and CFTC
2. Has options and futures on their platform (Something that is hardly being offered in Asia brokerage firms. Even if there is, higher barrier of entry)
3. Reputation for honoring orders
Coming back to the ETF topic, I like the fact that we can buy and sell ETFs like stocks. That's 1 of the more attractive reasons for me to try. But as the saying go, people often have the syndrome known as the "Shining Object Syndrome" where everything looks attractive and interesting that we want to try them all but never really get to master 1 of them. I have told myself not to buy into the high-fees laden Mutual Funds and now I might not even want to try ETFs as well.
Better focus on FX spot, lol. Anymore input will be well appreciated though!

pls backup with fact how many % of UK ETF vs US ETF

Hi everyone, is PRS plan is a good idea?

Hi everyone, is PRS plan is a good idea?

i think prs return is not bad plus the tax reduction. however need to balanve with liquidity management.

Put inside, pay less income tax and can withdraw back your money at 55 years old. You don't want?

A lot of people see it as a place to pay less tax and just pick any fund. However why should you just think of tax relief and choose not to "grow it"? You can have both
tax relief + growing your money 

i think prs return is not bad plus the tax reduction. however need to balanve with liquidity management.

Just put max RM3k/year until 2021. If tax relief is not continues, stop topping up loh.

Just put max RM3k/year until 2021. If tax relief is not continues, stop topping up loh.

I'm quite new in tax relief. how can i do it?

Er buy RM3000 worth (can be lump sum or in small amount) of PRS from FSM (0% service charge) or agent/banks (3% service charge). After buying keep the receipt. Fill up your income tax. There's a section there with Private Retirement Scheme (PRS), fill up RM3000 to get your tax relief. Keep your PRS receipt for record purpose.

RM3000/year tax relief is valid until 2021 unless it's continue by the govt.

PRS question

I'm not sure did i claim it or it have to be done manually for tax relief. I have the receipt which I did the first lump sum which is two years back.

Another question, I banked in monthly, how do i keep the record to claim the tax relief?

2 years back means forgo it. You cannot claim it back as the tax year have pass. You have to manually fill up that column when you are filing for income tax.

When you buy from the fund house (eg. Cimb P, Affin hwang, Public Mutual, etc), they will send you a statement by post on how much you have. Keep that as record.

PRS question

what about the manual part? can i actually do it online? or do i have to go to the counter?

Tax relief is very new to me bro.

Manually fill up means do your tax filling online. If you do income tax filling, you should be able to see it.

Can purchase prs fund thru eunit trust too right?

check this out?
https://www.eunittrust.com.my/
click Getting Started/PRS/PRS FAQ

Thanks bro~ wondering what is their service charge.