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WorksheetsIntroduction to PRS
Total questions: 10
Worksheet time: 10mins
Private Retirement Schemes (PRS) is a ___________ long-term savings and investment scheme.
voluntary
mandatory
define benefit
fixed
PRS consists of a range of funds which are called
compliant and non-compliant funds
core and non-core funds
complex and non-complex funds
conservative and non-conservative funds
Members of PRS need to be:-
individual aged 21 and above
Malaysian only
Individuals aged 18 and above
Malaysians and foreigners
In a PRS account, your PRS contributions are allocated to......
Sub-account A – 70% Sub-account B – 30%
Sub-account A – 60% Sub-account B – 40%
Sub-account A – 60% Sub-account B – 30% Sub-account C – 10%
Sub-account A – 80% Sub-account B – 20%
The tax relief for PRS for Personal Tax of individual is
RM 1, 000
RM 3, 000
RM 4, 000
RM 8, 000
Below are benefits of PRS, EXCEPT
You can do nomination to share your PRS Savings with loved ones in the event of your demise
Provides guaranteed returns
Designed for you to save more to complement your mandatory EPF saving (for private sector)
Offer a pool of funds with varying investment objectives to grow your retirement savings
You can enrol PRS thru this channel, except:
Directly with the Providers
Via PRS Consultants/ PRS Distributor
Via PRS Online Service
Via Insurance agent
The Default Option is
Risk- based
Cash- based
Age- based
Fund- based
Ringgit cost averaging is the practice of …
Investing a big amount to gain bigger return
Investing a fixed amount monthly
Investing some amount when you’re able to
Calculating investment cost to find its average.
Which of the following are Defined Contribution Scheme in Malaysia?
Employee Provident Fund (EPF)
Private Retirement Scheme (PRS)
Kumpulan Wang Persaraan (KWAP)
Lembaga Tabung Angkatan Tentera (LTAT)
