Saturday, November 24, 2012

Private Retirement Scheme (PRS) Introduction

Private Retirement Scheme (PRS)
·         Offered to the public for the purpose of building up long-term savings for retirement
·         PRS Framework

·         6 core funds: -


a)      You can select either default option or non-default option

b)      All contributes made to PRS will be split and maintained in 2 sub-accounts A & B

  • Diversification
  • Professional management
  • Ease of transactions
  • Enjoy personal tax relief
  • Income of the fund is exempt from Malaysia income tax (Max. RM3,000)
  • Tax deduction for employers on contribution made
  • Capital & returns not guaranteed
  • Market risk
  • Fund Manager risk
  • Inflation risk
  • Legal & regulatory risk
  • Risk associated with the default option
Fees & Charges
  • RM10 PPA account opening fee (one off)
  • 3% of sales charge
  • RM8 per annum of PPA annual fee (if contribute subsequent year)
  • RM25 PPA pre-retirement withdrawal fee
  • RM25 Service Provider transfer fee & RM25 PPA transfer fee (to another PRS provider)
  • Other management fee, trustee fee and PPA administration fee per annum of NAV.
  1. Withdrawal proceeds within 10 days.
  2. Pre-retirement withdrawals: Death of member, Permanent departure from Malaysia, Withdrawal of accrued benefits from sub-account B.
  3. The scheme is open to all individuals aged 18 and above, including foreigners.

Download Product Highlights sheet
PRS-Conventional Series     PRS-Shariah-based Series

Download Disclosure Document
PRS-Conventional Series     PRS-Shariah-based Series

1 comment:

  1. Good sharing, AmInvest provides and has in place the building blocks to smooth your transition into retirement and help you live your retirement dreams. They offer Private Retirement Scheme (PRS) core funds or “default options” that cater to different age groups and differ in terms of the level of exposure to an equity portfolio based on investor’s risk tolerance which is good as a starting point. For detail visit: