Everyone deserves to look forward to a happy and financially secured retirement after many years of working. To be financially secured at retirement, you will need to save adequately in order to provide 2/3 of your last drawn salary to continue the same lifestyle you have become accustomed to.
PRS is a voluntary long-term investment scheme designed to help individuals accumulate savings for retirement. PRS seek to enhance choices available for all Malaysians, whether employed or self-employed, to voluntarily supplement their retirement savings under a well-structured and regulated environment. Find out more about PRS here.
Any individual who has attained the age of 18 years as of the date of the account opening of a private pension account may make a contribution to any fund under the PRS. The PRS is offered to both Malaysians and non-Malaysians. Find out more about investor eligibility here.
You can make regular contributions or lump sum contributions to PRS. Please note that there may be differences in the minimum initial contribution amount and subsequent contribution amount and this may differ amongst the PRS Providers. Learn more about providers here
Upon opening a PRS account with a Provider, you are automatically enrolled as a lifetime member of PPA. PPA members are given an online account, which features a single consolidated view, to enable members to view their investment details, check transactions and have access to performance reporting 24 hours a day. More info about PRS membership here.