Awareness of Private Retirement Scheme (PRS) or “Skim Persaraan Swasta” by CWA.

Awareness of Private Retirement Scheme (PRS) or “Skim Persaraan Swasta” by CWA.

  

People who commit in Private Retirement Scheme will enjoy the benefits below:

·        A new way to boost retirement savings:

The PRS is an additional way to boost total retirement savings, whether you are an Employees Provident Fund (“EPF”) member or not. If you are an EPF member, the PRS can complement your EPF savings.

·        Benefit for employee:

Your employee can enjoy up to RM3000 per year personal tax relief. This could be as much as RM780 per year. 

·        Benefit for employer:

Your company also will enjoy 19% of tax relief, enhances recruitment appeal, talent retention and there are no fees will be charged to the employer.

·        Benefit for youth:

Aged between 20 & above but have not reached the age of 31 eligible for the RM1,000 PRS Youth Incentive for FREE