Private Retirement Scheme

Private Retirement Scheme

What is Private Retirement Scheme (PRS)?

Private Retirement Scheme (PRS) is a voluntary retirement scheme which enables individuals to contribute based on their retirement needs, investment goals and risk appetite.

Why Contribute to PRS?

	Additional Retirement Nest Egg Acts as an additional nest egg besides EPF to accumulate sufficient retirement savings
	Flexible and Affordable Flexible contribution amount according to your affordability Initial investment of RM1,000 and a minimum of RM100 in subsequent contributions
	Money in PRS is Protected from Creditors Money in PRS is protected from creditors as stated in Section 139ZA of the Capital Markets and Services Act (CMSA)
	Tax Incentive Allows you to enjoy personal tax relief¹ of up to RM3,000

¹Including tax relief for deferred annuity.

How Does the Scheme Work?

When you make a contribution, you may choose between:

Default Option		Non-Default Option
Contributions will be automatically allocated to the core fund that corresponds with the pre-determined age group²	or	You may select one or more funds from the core or non-core funds regardless of your age

Your contributions will be maintained in two separate sub-accounts:


Full withdrawal (from both sub-account A and B) can be made upon: Reaching retirement age³ Death Permanent departure from Malaysia Permanent Total Disablement (PTD) / Serious Disease (SD) / Mental Disability (MD)	You can make pre-retirement withdrawal for the following purposes (without 8% tax penalty)⁴ Housing purposes (From sub-account B) Healthcare purposes (From sub-account B)

² The age group may be subject to change from time to time as determined by the relevant authorities.
³ You are eligible to make a full withdrawal upon reaching the age of 55. Securities Commission Malaysia may specify any other age threshold from time to time.
⁴ Subject to terms and conditions.

Let Public Mutual help optimise your retirement savings via PRS

Public Mutual is one of the approved PRS providers. We offer nine PRS funds to suit your needs.

Core Funds

Public Mutual PRS – Conventional Series	Public Mutual PRS - Shariah-Based Series	Age Group² (under default option)
Public Mutual PRS Growth Fund (PRS-GRF)	Public Mutual PRS Islamic Growth Fund (PRS-IGRF)	Age below 45
Public Mutual PRS Moderate Fund (PRS-MDF)	Public Mutual PRS Islamic Moderate Fund (PRS-IMDF)	Age 45 to below 55
Public Mutual PRS Conservative Fund (PRS-CVF)	Public Mutual PRS Islamic Conservative Fund (PRS-ICVF)	Age 55 and above

Non-Core Funds

Public Mutual PRS – Conventional Series	Public Mutual PRS - Shariah-Based Series
Public Mutual PRS Strategic Equity Fund (PRS-SEQF)	Public Mutual PRS Islamic Strategic Equity Fund (PRS-ISEQF)
Public Mutual PRS Equity Fund (PRS-EQF)

Why Choose Public Mutual?

Enjoy Additional Benefit

• Free Personal Accident insurance coverage⁵
• Enjoy exclusive privileges and benefits as a Mutual Gold/Mutual Gold Elite/Mutual Platinum member when you accumulate the required Mutual Gold Qualifying Points (MGQPs)

Ease of Transaction

Public Mutual Online (PMO) provides a fast and convenient way to invest, perform transactions and monitor your investment with ease anytime, anywhere

⁵ For Public Mutual’s PRS contributors only, subject to terms and conditions. Please refer to the brochure on free Personal Accident insurance for more information.

Downloads

PRS Brochure Conventional Series (ENG)

PRS Brochure Shariah-Based Series (ENG)

PRS Tablemat

PRS Guide (ENG)

PRS Corporate Tablemat (ENG)

Please refer to the Disclosure Document and the relevant fund’s Product Highlights Sheet for more details of the PRS funds.

PRS Vesting Programme

PRS Online Enrolment

PRS Nomination

Resources

PRS Pre-Retirement Withdrawals

Explore our wide range of funds to meet your investment needs

Fund Scheme

Unit TrustPRS

Fund Category

Local-Foreign Mandate

EPF Qualified Fund

Complimentary Insurance/ Takaful

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Contributors are advised to read and understand the contents of the Disclosure Document of Public Mutual Private Retirement Scheme – Conventional Series and Disclosure Document of Public Mutual Private Retirement Scheme – Shariah-Based Series dated 28 August 2023 and the relevant fund’s Product Highlights Sheet (PHS) before contributing.

Contributors should understand the risks of the fund(s), compare and consider the fees, charges and costs involved in contributing to PRS fund(s). A copy of the Disclosure Document and PHS of Public Mutual Private Retirement Scheme – Conventional Series and Public Mutual Private Retirement Scheme – Shariah-Based Series can be viewed here.

Contributors should make their own assessment of the merits and risks of the contribution. If in doubt, contributors should seek for professional advice. Please refer here for our investment disclaimer.