BDCM-B-Week8: Private Retirement Scheme (Tax Relief)
Private Retirement Scheme or PRS is a form of saving that akin to the EPF/KWSP. You contributed 11% to the EPF/KWSP while your employer 12%. With the total of 23%, practically is quite a below the recommendation of 33%, saving for your retirement. Very often, they recommend the remaining 10% to be save in the form of PRS.
This kind of saving, is also eligible for tax rebate up to RM3000 per year! and that's around RM250 per month! Our recommendation, save minimum of RM250 per month or 10% of your salary or whichever is higher.
There are 8 providers, namely:-
This benefit of tax relief of RM3000 for PRS are expected to end by 2021.
This kind of saving, is also eligible for tax rebate up to RM3000 per year! and that's around RM250 per month! Our recommendation, save minimum of RM250 per month or 10% of your salary or whichever is higher.
There are 8 providers, namely:-
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| RHB Asset Management Sdn Bhd |
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| Affin Hwang Asset Management Berhad |
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| AIA Pension and Asset Management Sdn Bhd |
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| AmFunds Management Berhad |
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| Kenanga Investors Berhad |
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| Manulife Asset Management Services Berhad |
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| Principal Asset Management Berhad |
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| Public Mutual Berhad |
This benefit of tax relief of RM3000 for PRS are expected to end by 2021.
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