Government has made a move to introduce Private Retirement Scheme (PRS) in late 2012.
This scheme are welcome by many working class and entrepreneur as vehicle to give additional tax relief of RM3,000 (B or BE 2019 item "F16") on top of the existing Insurance and KWSP tax relief. Entrepreneur contribute PRS for employee to enjoy tax deduction and would able to apply zero "0" service charges.
Moving forward with the Budget 2014, government even make the thing even attractive to youth, the launch of PRS Youth Incentive to youth age 20 - 30 years old. The Government is giving ONE OFF Incentive of RM 500. Pursuit to Budget 2017, the ONE OFF Incentive have increased to RM 1,000 for year 2017/2018. The Incentive have been over 31 December 2018.
On top of EPF Saving, Malaysia citizen an alternative channel to save more for their retirement.
The Private Retirement Scheme is a trillion ringgit industry. Saving for retirement is need in future if a person want to retire happily and to hedge again high inflation.
High inflation will affect you? Rich peoples will not be affected by high inflation as they have well invest.
Be a Private Retirement Scheme Consultant , building up a Perpetual Income. Net Asset Value (NAV) is accumulating along the way, it will part of own effort as well as market effort to growth up Consultant NAV. The Company practice pay Career Benefit based on the NAV of a consultant owned. Is on monthly basis. The longer a consultant in the industry and maintain well service to their clients, it NAV will compensate him/her with perpetual career benefit.
Call us to know more about the Career Benefit and how to build it?
