Apr 1 2020, 09:38 PM
QUOTE(wongmunkeong @ Apr 1 2020, 09:30 PM)
hmm..
<thinking out loud>
1. use iLestari to rob own EPF (5%pa+/-)
2. buy PRS, tax relief up to RM3K,
3. If tax is 15%-24%, U straight away "make" $3K *15% and higher, ie. pay less tax $450 to $720
BUT BUT..
must keep in mind all PRS is like Unit Trust - can go up/down
which may be good coz now semi-lelong ma, so give it 5 years or more..
gotta think, draw out plan etc first - dont wanna jump in buta - manage self's expectations
Great idea.<thinking out loud>
1. use iLestari to rob own EPF (5%pa+/-)
2. buy PRS, tax relief up to RM3K,
3. If tax is 15%-24%, U straight away "make" $3K *15% and higher, ie. pay less tax $450 to $720
BUT BUT..
must keep in mind all PRS is like Unit Trust - can go up/down
which may be good coz now semi-lelong ma, so give it 5 years or more..
gotta think, draw out plan etc first - dont wanna jump in buta - manage self's expectations
Problem is, monthly withdrawal over the next 12 months (correct me if wrong).
If can one shot take out, RM 6k, can then go into blue chip shares with dividends and capital gains. In 8-10 years time, I believe the RM 6k will easily double.
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