Private Retirement Scheme-PRS

1) September 2012 approach agent - either Public Mutual or ING
2) Tax Relief RM 3k - maintain 3 k inside

3) Ask fundsupermart whether can handle this PRS.

Published: Wednesday July 18, 2012 MYT 6:16:00 PM

PM launches new voluntary Private Retirement Scheme

By MARTIN CARVALHO & RAHIMY RAHIM

KUALA LUMPUR: The voluntary Private Retirement Scheme (PRS) was launched on Wednesday by Prime Minister Datuk Seri Najib Tun Razakthat will allow employees and self employed the opportunity to save for their retirement.

To encourage savings under the scheme, individuals are granted tax relief of up to RM3,000 and employers are provided with tax deduction on contributions to the PRS on behalf of their employees above the statutory rate of 19%.

A total of 24 funds will be managed by eight Private Retirement Schemes providers which would be available to the public this September.

The eight PRS Providers are

1) AmInvestment Management;

2) American International Assurance;

3) CIMB-Principal Asset Management;

4) Hwang Investment Management;

5) ING Funds;

6) Manulife Unit Trust;

7) Public Mutual and

8) RHB Investment Management.

How come no OSK-UOB Fund Management????