Wednesday, November 28, 2012

Private Retirement Scheme PRS Income Tax Relief

As you would have heard, you can get up to RM3000 tax relief from 2012 up to 10 years for the amount you save in the Private Retirement Scheme. In other words save on your income tax payment, e.g which is ~27% tax that you'd avoid paying for your RM3k income which equals to a huge return on investment. Alas PRS is not capital guranteed unline EPF. Here's a link to the fund managers and their current offering (as of date blog published)
CIMB Principal & Details
Hwang Investment Mgmt
Public Mutual
RHB - nothing much yet

UPDATE: Please read PRS Update



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