Private Retirement Scheme
We wish to inform you that the existing principal deeds as well as supplemental deeds of the Schemes will be modified, amongst others, to reflect the following:
| 1) | The inclusion of derivatives for hedging purposes for all funds; and |
| 2) | Enhanced disclosures of the funds’ permitted investments pertaining to Public Mutual PRS Conservative Fund, Public Mutual PRS Islamic Growth Fund, Public Mutual PRS Islamic Moderate Fund and Public Mutual PRS Islamic Conservative Fund. |
Both the PRS Provider (“Public Mutual Berhad”) and AmanahRaya Trustees Berhad (“the Scheme Trustee”) are of the opinion that the interests and rights of the existing members of the Schemes will not be materially prejudiced by the proposed amendments to the existing deeds of the relevant Schemes.
 |
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.
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 RM100 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:
|
You can make pre-retirement withdrawal for the following purposes (without 8% tax penalty)4
|
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.
Public Mutual is one of the approved PRS providers. We offer nine PRS funds to suit your needs.
Public Mutual PRS – Conventional Series |
Public Mutual PRS - Shariah-Based Series |
Age Group2 |
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 |
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.
Please refer to the Disclosure Document and the relevant fund’s Product Highlights Sheet for more details of the PRS funds.
