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MY - EN

What is Private Retirement Scheme?

Private Retirement Schemes (PRS) is a voluntary long-term savings and investment scheme designed to help you save more for your retirement.

Why You Should Invest In Private Retirement Schemes (PRS)

Invest

From as Low as RM100

to start your first PRS investment

Enjoy

*Personal Tax Relief up to RM3,000 Annually

*Valid until year of assessment 2030, subject to government directive

Provide

Additional Retirement Savings

Benefits & Privileges

  • Low Initial Investment with Sales Charge at 1.5%

    Low initial investment & additional investment amount at RM100 & RM50, respectively.

  • Additional Retirement Savings

    Supplement your retirement savings under a well-structured and regulated environment.

  • Top-Up via CIMB Clicks

    Top-up your PRS contributions via CIMB Clicks. This top-up facility is exclusively available to existing CIMB PRS investors.

     

  • Wide Range of PRS Fund Selections

    PRS offers a choice of retirement funds from which individuals may choose to invest in based on their own retirement needs, goals and risk appetite.

  • Personal Tax Relief

    You can get up to RM3,000 personal tax relief* annually, on top of the RM7,000 annual tax relief for EPF contribution and life insurance premiums.

     

    *For contribution into the PRS and deferred annuities effective from years of assessment 2012 to 2030.

Eligibility & Requirements

Individuals aged 18 years old and above

  • Malaysian citizens or Permanent Residents or non-Permanent Residents (with work permit).
  • Any resident of the USA (i.e. someone who has a USA address, permanent or mailing) is not allowed to invest in the PRS. This includes a US citizen residing in Malaysia.

Important Notes

CIMB BANK BERHAD DISCLAIMER

 

THIS DOCUMENT IS PROVIDED TO YOU FOR INFORMATION PURPOSES ONLY AND IT MAY NOT BE REPRODUCED, DISTRIBUTED OR PUBLISHED BY ANY RECIPIENT FOR ANY OTHER PURPOSES.  IT SHOULD NOT BE CONSTRUED AS AN OFFER OR A SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE. THE INFORMATION CONTAINED HEREIN HAS BEEN DERIVED FROM SOURCES BELIEVED TO BE RELIABLE AND IS CURRENT AS OF THE DATE OF PUBLICATION.  NO REPRESENTATION OR WARRANTY IS MADE NOR IS THERE ACCEPTANCE OF ANY RESPONSIBILITY OR LIABILITY MADE AS TO THE ACCURACY, COMPLETENESS OR CORRECTNESS OF THE INFORMATION CONTAINED HEREIN. EXPRESSIONS OF OPINION CONTAINED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE.  INVESTMENTS IN PRIVATE RETIREMENT SCHEMES (PRS) ARE NOT OBLIGATIONS OF, DEPOSITS IN, GUARANTEED OR PROTECTED BY CIMB BANK BERHAD (THE ‘BANK’) AND ARE SUBJECT TO INVESTMENT RISKS, INCLUDING BUT NOT LIMITED TO THE POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED. INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE PRODUCT HIGHLIGHTS SHEET, AND DISCLOSURE DOCUMENTS AND ITS SUPPLEMENTAL DISCLOSURE WHICH HAVE BEEN REGISTERED WITH THE SECURITIES COMMISSION BEFORE INVESTING.  FOR COPIES OF THE PRODUCT HIGHLIGHTS SHEET, AND DISCLOSURE DOCUMENTS, VISIT US AT OUR NEAREST BRANCH. UNIT PRICES AND INCOME DISTRIBUTION, IF ANY, MAY RISE OR FALL. INVESTORS SHOULD ALSO CONSIDER ALL FEES AND CHARGES INVOLVED BEFORE INVESTING. UNITS WILL BE ISSUED UPON RECEIPT OF COMPLETED APPLICATION FORM AND ARE SUBJECTED TO TERMS & CONDITIONS CONTAINED THEREIN. PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF FUTURE PERFORMANCE AND INCOME DISTRIBUTIONS ARE NOT GUARANTEED.  INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF ANY INVESTMENT. INVESTORS WHO ARE IN DOUBT AS TO THE ACTION TO BE TAKEN BY THEM SHOULD CONSULT THEIR PROFESSIONAL ADVISERS IMMEDIATELY. PRIVATE RETIREMENT SCHEMES (PRS) ARE NOT PROTECTED BY PERBADANAN INSURANS DEPOSIT MALAYSIA. INVESTORS SHOULD NOT MAKE PAYMENT IN CASH TO A PRIVATE RETIREMENT SCHEME (PRS) CONSULTANT OR ISSUE A CHEQUE IN THE NAME OF A PRIVATE RETIREMENT SCHEME (PRS) CONSULTANT.

PRIVATE RETIREMENT SCHEME (PRS) IS NOT PROTECTED BY PIDM.

THIS MATERIAL HAS NOT BEEN REVIEWED BY THE SECURITIES COMMISSION MALAYSIA (SC).

MEMBER OF PIDM.

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