had the trust deed since ubb cash trust was 30k and 50k.

so far so good. once 3 years done they returned back money, but i just continue the cash trust.

only the penalty is damn high la.

Trust deed holder for cash trust, crisis trust and currently waiting for my opportunity trust deed,

now seeing them improving on their proposal forms, previously its only 4 pages

now planning to do insurance trust w them too.

in the deed, it is written that the 7-9% pa is NETT of fees?

btw, which trust are you refering to?
any idea if nett of fees are also applicable to all of these trust too? (cash trust, crisis trust, opportunity trust and insurance trust),

This post has been edited by MUM: Sep 2 2021, 12:16 PM

@MUM same as this one.
The promotion ended on 1 September or 31 august.

UBB Amanah's Management has decided to extend the Opportunity Trust until end of December. Again like some forumners had mentioned, many of us have already put in multiple rounds of cash trust and got our money back. The returns are nett of all fees. I myself have gotten in for a few rounds on cash trust, my clients have put in crisis trust and got their payouts recently and also put into the latest opportunity trust. I have decided to be an agent for this UBB product because so far UBB has not failed their clients. (so far) Anyhow, I think the saying goes is do not invest all your eggs in one basket. It is up to individual actually in terms of investing. But the purpose of setting up a trust is to bypass probate and the money can be distribute to beneficiary upon donor's death for emergency purposes (only applicable to cash trust) before the whole process of getting a grant of probate (normally 6 months or more).

The opportunity trust brochure and the sample trust deed which mentioned projected profits for the first two years are 7.5% and 8% for the third year.

If anyone is really interested to know more info can PM me.




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Attached File(s)
 5_6226753825219282083.pdf ( 750.32k ) Number of downloads: 148

Just curious, are these trusts among the way people dodge their income from LHDN?

Nowadays seeing rich people have a lot of hidden trusts here and there but on paper record they are broke.

probably not so easy ...
https://mfpc.org.my/wp-content/uploads/Even...ssion3Trust.pdf



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Yes. It's a grey area there as the trust you can opt for stamping by LHDN or without stamping. With stamping, they will have record of your tax no.

To those already set up the cash/crisis/opportunity trust , mind to review the disbursement policy ? I think the objective of the trust is different between cash vs crisis/opportunity.....??

Please refer the PDF file attached.
For Cash Trust, Preservation Trust, Opportunity Trust, the disbursement of returns will be done yearly. However upon death of donor, the disbursement for cash trust will be the only one disburse upon death of donor, while the rest of the trust disburse upon maturity of Trust.


Attached File(s)
 UBB_Trust_Products_Comparison_PDF.pdf ( 92.21k ) Number of downloads: 442

Great comparision pdf ... thanks

How do the numbers me sense? Where are they generating the returns from?????

Unlike Banks which are governed by BNM Regulation. Infact Banks are making enormous profits but unable to give those returns in FD to their clients as they follow BNM OPR rate. However UBB Amanah is a Trustee Company which isn't govern under the BNM regulation but instead governed under Trustee Act 1949.

1) Settlors/Donors set up their trusts with UBB for the benefits of beneficiaries
2) UBB performs short term loans that are approved under Trustee Act 1949 and charges interest of more than 20% per annum and must be safeguarded with assets of equal value / collateral before borrowing; as such, your money with Trustee is secured.

Nothing you're saying makes sense.

1) Banks are not necessarily making enormous profits, and besides YOU can partake in the profits by buying their shares.

2) Loans with interest more than 20% p.a., how do you sleep at night "investing" your money to corporation that does this?

Pls don't be so dumb. The writing is on the wall.

If you check on PBBANK quarterly profit margin. It ranges 20+% to 30%. It does show that they are making good profits.

for me i am not vendor specific. it's a tool that can potentially shorten disbursement upon balik tongsan. not to burst UBB bubble, but perhaps RWT has one with money market rate that can give u a good night's sleep. Havent heard of it though.....

Sorry cant find this also, from picture saw is 2012 annual report. But look back the report dun have. Can give clear picture?

https://mpvworldeng.blogspot.com/2020/01/th...eal-estate.html

https://www.labuanibfc.com/areas-of-busines...-token-business

https://instagram.com/mpv.world?utm_medium=copy_link

Able to find some information online, this seems how they generate the interest money. Any master can help to analyst or comment? tks


Attached File(s)
 declaration_ubb.pdf ( 309k ) Number of downloads: 182
 mpv_whitepaper_v2.4.pdf ( 7.86mb ) Number of downloads: 108

those links that you posted is refering to the products & services of MPV and its related entities......not UBB ??

Click bait?

If my understanding not wrong, you can see the attachment the declaration of trust. The trust is holding MPV right? That's y asking for master view, I cant be sure is that how they work...