Private Retirement Scheme
PRS is an investment vehicle designed to complement a retiree’s savings to achieve his/her ideal retirement goals through voluntary savings contributions.
About Private Retirement Scheme
What is Private Retirement Scheme?
PRS is an investment vehicle designed to complement a retiree’s savings to achieve his/her ideal retirement goals through voluntary savings contributions.
Why choose Private Retirement Scheme?
PRS can help individuals accumulate savings for retirement and plan for:
- Inflation
- Comfortable standard of living post-retirement
- Rising health care costs
Tax and Youth Incentives
For more information on PRS Youth Incentive and Terms and Conditions, please visit PRS Youth Incentive.
Tax and Youth Incentives
- Get tax relief* of up to RM3,000 per year. This tax relief is available for a period of 10 years ending 2021
- Malaysians aged 20-30 are eligible for a one-time RM1,000 incentive into their PRS account.**
* To claim tax relief for year 2017, AmBank (M) Berhad last submission date is 29 December 2017, 3.00pm. Given upon completion of documents and successful acceptance of the sales by PRS Provider.
** Terms and conditions apply
What's in it for employers?
PRS offers a wide range of benefits including:
- Tax exemption of up to 19% of the employee’s remuneration.
- Incentive tool for staff retention and recruitment.
- Opportunity to provide employees with investment choices.
3 Core Funds to suit your needs
The default option of the Private Retirement Scheme consists of the following Core Funds:
- AmPRS Growth Fund
- AmPRS Moderate Fund
- AmPRS Conservative Fund
