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Benefits of Contributing in Private Retirement Scheme (PRS)

Introduction

Private Retirement Scheme, or PRS, is a voluntary long-term savings and investment scheme designed to help you save more for your retirement. PRS seeks to enhance choices available for all Malaysians whether employed or self-employed to supplement their retirement savings under a well-structured and regulated environment.

Tax Relief Eligible up to RM3,000 personal tax relief per year.

Flexible & Variety Choose from a variety of PRS funds based on your risk appetite or follow PRS life cycle investment.

 

Regulated Investment The PRS is regulated by the Securities Commission Malaysia (“SC”) and safeguarded by the fund trustee.

 

Affordable RM100 as minimum initial investment amount. RM50 as minimum additional investment amount.

 

Supplement Retirement Nest The PRS is a supplementary form of retirement savings in addition to the mandatory retirement savings.

 

Protection PRS are protected from creditors’ claim as stated in Section 139ZA of Capital Market and Services Act.

 

PRSPro Plan Eligible for a Complimentary Takaful Coverage up to RM100,000.

 

Who can Contribute in PRS?

Malaysians & foreigners

 

Employed or self employed

 

Age 18 and above

 

Also suitable for individuals who do not have a public mandatory retirement scheme.