[5 BENEFITS SAVING IN PRS]

1.Tax relief – Investors will be entitled to tax relief of up to RM3,000 per annum

for contributions made to PRS for the first 10 years from assessment year 2012.

2. Free Personal Accident Insurance/Takaful coverage – Public Mutual PRS

members aged between 18 and 59 are eligible for a free personal accident

insurance/takaful coverage (subject to terms and conditions).

3. Money in PRS is protected from creditors – All members’ benefits/money in

PRS are protected from creditors as stipulated in Section 139ZA of the Capital

Markets and Services Act.

4. PRS Youth Incentive – Contributors aged between 20 and 31 whose gross

contribution within the year reaches RM1,000 are entitled to receive a one-off

payment of RM500 in the form of units from the government. (Next year increase to RM1000)

5. Good source of alternative retirement savings – It is a well-known fact that

EPF savings are not sufficient for retirement, so PRS is a good alternative to

diversify one’s retirement savings. PRS also provides a platform for the selfemployed to save for their retirement.

Owi Kian Eng (Pak Cu)

018 901 8282

Your Unit Trust Consultant