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What is Private Retirement Scheme?
Mental disability³
For Internal Circulation only
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Who Can Contribute?
Job
Headhunting
Advertisement
Fees
Costs
Drop in High
Productivity Turnover
Training
Costs Low Morale
The Ranstad
World of
Work Report
2013/14
Mandatory
Up to 12% - 13%
of employees’ Retirement
remuneration Scheme
Employee’s
Retirement
Fund
Up to 6% - 7%
of employees’
remuneration PRS
•Source: Securities Commission Malaysia (www.sc.com.my)
Frequently Asked Questions on Private Retirement Scheme (PRS)
For Internal Circulation only
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Example of Simple Tax Computation by a Company
Gross Income XXX
Less: Allowable expenses
Staff salary 1,000,000
Mandatory Retirement Scheme Up to 12% - 13% of employees’
contribution 120,000 remuneration
Voluntary Contribution to Mandatory
Retirement Scheme on top of statutory rate Up to 6% - 7% of employees’
PRS Contribution 70,000 remuneration are tax deductible
Telephone charges XX
Directors’ fees XX
Printing costs XX (XXX)
Adjusted Income XXX
Less: Capital Allowances XX (XX)
Statutory Income XXX
Less: Biz losses b/f XX (XX)
Aggregate Income
Less: Current yr Biz losses XX (XX)
Chargeable Income XX
For Internal Circulation only
All rights reserved. The information published may not be reproduced or copied into another document or other materials without the prior written consent of
Benefits to the Employees
Free Personal
Money in PRS is
Accident Insurance/
Protected from
Takaful Coverage
Creditors
For Public Mutual PRS members
aged between 18 -59 All members’ benefits/
money in PRS are protected
Maximum coverage of RM100,000 from creditors
per contributor (Section 139ZA of the CMSA)
Employer
5,000 5,000 5,000 5,000 5,000
Contribution (RM)
Debentures/fixed
70%
income and money
market instruments
Debentures/fixed
reached 50 years 60%
income and money
market instruments
Money market
60% instruments
The Fund seeks long- income and capital The Fund seeks
Objective
Non-Core Equity
Investment
Objective
Public Mutual has made a sincere effort to ensure the accuracy and quality of this presentation. However, no warranty or representation, expressed
or implied, is provided. Public Mutual disclaims any responsibility or liability for any direct or indirect damage, loss or expenses incurred as a result of
using this presentation. Furthermore, no liability is accepted in the event of loss arising from a lack of accuracy, suitability or quality of the
information contained therein. Users should consult qualified & licensed financial planners, bankers or accountants and obtain independent
professional financial advice before acting or relying on any suggestion or information in this presentation.
You 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 26 November 2012 before contributing. These
Disclosure Documents have been registered with the Securities Commission Malaysia who takes no responsibility for their contents, and neither
should their registration be interpreted to mean that the Securities Commission Malaysia recommends the Scheme or the fund(s) under the Scheme.
You should note that there are fees, charges and risks involved in contributing to PRS funds; and that the prices of units and distribution payable, if
any, may go down as well as up. Please refer to the Disclosure Documents for information pertaining to the above. Past performance of a PRS fund is
not an indication of its future performance. Applications to contribute must come in the form of a duly completed PPA account opening form (for the
first time) and new fund application form referred to in and accompanying the Disclosure Document. A copy of the Disclosure Document can be
obtained from your attending PRS consultant, nearest Public Mutual or Public Bank branch. You have the right to request for a copy of the relevant
fund’s Product Highlights Sheet. You are advised to read and understand the contents of the relevant fund’s Product Highlights Sheet before making
any contribution decision. A copy of the relevant fund’s Product Highlights Sheet can be obtained from your attending PRS consultant, nearest Public
Mutual or Public Bank branch.