base on maximum of RM3k contribution into PRS multipy by your tax bracket
if you are paying 30% you get RM900 lo..

you did not get my point.... how much can i put in the tax submission: 3000 or 2992 ?

I am not sure about AHAM, I am using the so call largest company in Malaysia, their statement is base on gross investment, for your case is 3,000

You better double check with AHAM as this is their virgin product

I guess they will ask you put in 3008, hahahaha

Tax claim amount should be inclusive of the annual fee.

Pay 3k, claim 3k

from prs page

INDIVIDUAL TAX RELIEF

You can enjoy tax relief on your gross contribution, i.e. inclusive of upfront charges.

For example, if an individual invested RM3,000 with a Provider and that Provider deducted RM10 for account opening fee, and RM50 for sales charge, the full RM3,000 is eligible for tax relief, and not RM2,940.

Tax relief of up to RM3,000 per annum will be applied on taxable income, for individual on contributions made to the PRS from assessment year 2012 to 2025.

Individuals may claim their individual tax relief or the PRS under Section F-F18 of the BE Form.
Contribution statements to support the claim for tax relief may be obtained from the Provider as proof of investment made for the year of assessment.

got reward if put 1k?

the 6% cash booster in versa Cash ... does it apply to Cash-i too?

read the T&C, it doesnt specifically exclude Cash-i nor mentioned specific eligibility to it either

unless Versa termed Cash = both Cash and Cash-i, collectively?

I am talking about annual annual management fund fee 🤦‍♀️ which depends on the fund itself hence it is loss after returns and you can cover it by using tax relief 🤦‍♀️

i dont think so.. i just invest RM1k to test it out and i dont mind this 1k to be kept until i am 55 years old
my main objective is my tax rebate

Is there a fee of Rm8 for Your first Rm1000 Prs contribution?

i tak tahu but when i claim back during my tax reporting i will get more than RM8
so i dont really mind the RM8 / RM10, just assume my tax bracket is 11% (50k to 70k) i still will get back RM11
but of course i will invest to the max of RM3k this year

It will be invested into Enhanced Deposit Fund, which is Versa Cash. Campaign will be applicable to the first 10k balance in Versa Cash too.

https://versa.com.my/private-retirement-sch...ect-3x-rewards/

6% p.a. Cash Booster with Versa Cash when You Invest in PRS
Alongside your PRS investment of RM3,000, enjoy guaranteed 6% p.a. Versa Cash cash booster promotion! 📈💰
*On your first RM10,000 balance in Versa Cash for the next three months. Limited to the first 5,000 users.

🚀 Invest in Versa PRS Today and Earn RM50
When you invest a minimum of RM3,000 in Versa PRS, you will receive your RM50 Versa Cash Bonus!

-------------

just make sure your Versa Cash (did not say "i") have RM10k to earn 6%
make sure you masuk RM3k into PRS, so far i masuk RM1k, should have masuk RM100 to let it verify for 5 days
then after 5 days then masuk RM2.9k
i think they need 5 days to setup your account for you kinda stupid!

This post has been edited by virtualgay: Oct 24 2023, 03:29 PM

https://versa.com.my/versa-private-retireme...rms-conditions/

// To be eligible for this Campaign Reward, Users are required to deposit a minimum total of RM3,000.00 Fresh Funds into his/her Versa’s PRS funds during the Campaign Period. In other words, Users are permitted to make multiple deposits into Versa’s PRS funds during the Campaign Period; however, Users must maintain a minimum total of RM3,000.00 in any of Versa’s PRS funds after any additional fees including Private Pension Administration Annual Fees in order to be eligible for this Campaign Reward. //


hmmm... may need to deposit more than 3k

This post has been edited by cybpsych: Oct 24 2023, 03:33 PM

No, full RM3000.

Based on the receipt you get from PRS.
But aiya RM3000 vs RM2992, they won’t come chase you.

Sharp eyes.
Think this is how they want to catch people off guard when giving out promo lol.

Let me top up RM50 or something once the account setup. Abit mafan to have multiple PRS accounts lmao.

dont want a reason to kena audit for something so tiny

then i think just put additional RM50 sure enough to cover
will deposit RM2050 when i can deposit again - need to wait 5 more days due to account opening process

This post has been edited by virtualgay: Oct 24 2023, 03:49 PM

aiyo yo... need to topup another RM100 hahahaha

RM50 good enough la
btw which fund you choose?