The Private Retirement Scheme (PRS) is a voluntary retirement scheme designed to supplement your mandatory retirement savings. Accessible to individuals aged 18 and above, PRS offers a flexible and optional avenue for enhancing retirement planning.
Why Should You Contribute to PRS?
Enjoy personal tax relief of up to RM3,000.
Boost Your Retirement Savings
An additional nest egg that complements your mandatory savings, ensuring a secure retirement future.
Low Sales Charge
Competitive sales charge provided by our platform to enable easy entry for you to start saving for your retirement.
Protected from Creditors
Money invested in PRS is safeguarded from creditors, in accordance with Section 139ZA of the Capital Markets and Services Act (CMSA).
Explore 7 Leading PRS Providers with Us Today!
AHAM Asset Management Berhad
AIA Pension and Asset Management Sdn Bhd
AmFunds Management Berhad
Kenanga Investors Berhad
Manulife Investment Management (M) Bhd
Principal Asset Management Berhad
RHB Asset Management Sdn Bhd
Let us enhance your retirement savings through PRS.
To begin, simply open a PPA (Private Pension Administrator) account for a nominal fee of RM10 to access and purchase PRS funds. All contributions are allocated to sub-accounts A and B, with their values subject to unit price fluctuations.
For first-time application, you are required to submit the following document :
PPA Account Opening Form
Provider’s Account Opening Form and Transaction Form
A copy of Malaysian NRIC (front and back of the NRIC must be on a single page with vertical format) or passport for foreigners
For first-time PRS contributors, your PPA account opening must come together with PRS subscription.Please include in your payment of additional RM10 for the opening of PPA account. The purchase orders will only be processed after Phillip Mutual Berhad receives the complete documents and PPA account opening fees.
Orders received before 12PM on a business day with all necessary documents and payments will be processed on the same day. If received after 12PM or on a non-business day, processing will occur on the next business day.