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Wednesday, December 5, 2012

Malaysia Private Retirement Scheme

Frequently Asked Question on PRS :

http://www.sc.com.my/main.asp?pageid=1156&menuid=1038&newsid=&linkid=&type=

Private Retirement Scheme manage by private sector , not government.

As announced in Budget 2012:
  • personal tax relief up to RM3000 per annum will be given for an individual's contribution to the PRS; and
  • employers will also be given tax deduction on contributions to PRS made on behalf of their employees of up to 19% of the employees' remuneration.

One of the world leader in private pension scheme- Manulife Asset Management