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Post by success acapulco   #113530    |    Aug 21, 2014, 3:20pm   |    Entertainment
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In the 2014 Budget tabled on 25 October 2013, the Prime Minister had announced an incentive of RM500 to contributors who participate in the PRS scheme to inculcate the importance of saving from an early age to ensure sufficient savings after retirement. The RM500 is a one-off contribution by the Government to young PRS members to encourage youth to undertake long-term savings for retirement through the PRS.

The Government will contribute RM500 per qualified person to be used to purchase units of PRS funds in the PRS account of youths, whom have accumulated a minimum gross contribution amount of RM1,000 within a year. This incentive will be made available for a period of 5 years from 2014 to 2018.

In order to be qualified for the PRS Youth Incentive, the following requirements must be met;

  • Individuals must be Malaysian nationals.
  • Individuals may be existing PPA account holders or new Members.
  • Individuals must be aged 20 and above but have not yet reached the age of 31 within any calendar year, between 2014 – 2018 in a single PRS fund of a Provider.
  • Gross contributions within the calendar reaches RM1,000

http://www.ppa.my/prs/prs-youth/prs-youth-incentive/

Please grab the opportunity ........

email skyluv88@yahoo.com

 

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