No. 1* In Unit Trust & Private Retirement Scheme


Private Retirement Scheme (PRS) Youth Incentive

Recognising the need to cultivate a retirement savings culture amongst the younger demographics, the Government has announced that it will make a RM1,000 one-off contribution under the Private Retirement Scheme (PRS) Youth Incentive. This incentive aims to provide a head start for Malaysian youths between the ages of 20-30 years. It is effective 1 January 2017, for a period of two years from 2017 to 2018.


  • Malaysian.
  • At the point of qualifying for the incentive, the contributor should have exceeded the age of 20 and have not reached the age of 31.
  • Existing Private Pension Administrator (PPA) account holders or new members.

The Incentive

  • Member will be given a RM1,000 one-off contribution when he/she made a gross contribution of RM1,000.
  • The criteria for the incentive:
    • The gross contribution of RM1,000 must be made by a Malaysian youth:-
      • aged between 20 and 30, have not reached the age of 31.
      • within 2017 to 2018.
      • in a single PRS fund of a Provider.
  • Contributions can be made on a lump sum or staggered basis within the calendar year.
  • The incentive will be reinvested into the fund.
  • For contributions with more than one PRS fund, the incentive will be given to the fund that first reaches the gross contribution of RM1,000.
  • If contributions were made on the same date, the incentive will be equally divided among the funds.

Note: Employers’ contributions are excluded from the incentive programme.

How Would The Incentive Be Given?

  • Member will receive the RM1,000 in the form of units of the PRS fund(s) that the member has contributed the RM1,000.
  • The number of units is calculated based on the NAV per unit of the PRS fund(s) at the valuation point.
  • The Government’s RM1,000 one-off contribution will not be subject to PPA’s annual fee and Provider’s sales charge.
  • The RM1,000 is a ONE-OFF incentive, as such members will only receive it ONCE and not once every year.
  • The incentive is not eligible for tax relief.

PRS Funds Available For The Incentive

  • Public Mutual provides 9 PRS funds which are categorized under Conventional Series and Shariah-based Series.

Conventional Series

Shariah-based Series

Age Group*
(under default option)

Public Mutual PRS Growth Fund

Public Mutual PRS Islamic Growth Fund (PRS-IGRF)

Age below 40

Public Mutual PRS Moderate Fund (PRS-MDF)

Public Mutual PRS Islamic Moderate Fund (PRS-IMDF)

Age 40 to below 50

Public Mutual PRS Conservative Fund (PRS-CVF)

Public Mutual PRS Islamic Conservative Fund (PRS-ICVF) Age 50 and above

Public Mutual PRS Strategic Equity Fund (PRS-SEQF)

Public Mutual PRS Islamic Strategic Equity Fund (PRS-ISEQF)  

Public Mutual PRS Equity Fund (PRS-EQF)


*You are eligible to make full withdrawal upon reaching the age of 55. Securities Commission Malaysia may specify any other age from time to time.

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