What are the features of a Private Retirement Scheme?

PRS is generally a long-term investment scheme established to increase retirement fund savings. The objective of PRS is to provide options for existing schemes for all Malaysians, whether self-employed or self-employed, to voluntarily supplement their retirement funds under a structured and regulated scheme. Each contribution made to PRS will be divided into sub-accounts A and […]

Benefits of contributing in PRS to individuals and employers

Retiring requires adequate savings. With the sharp increase in living costs, medical costs, children’s education costs, and the impact of inflation, many feel that their retirement savings are insufficient to sustain and sustain their current lifestyle when they retire. The following are some of the benefits of contributing in PRS to individuals and employers: Tax […]