prs vs epf


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  1. UnknownOctober 10, 2018 at 2:03 AM

    Private Retirement Schemes (PRS) are managed by private companies, as opposed to Employment Provision Funds (EPF) which are wholly owned by the government. The objectives is to save money today and benefit from interest receivables and eventually withdraw the fund upon retirement.

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  2. UnknownOctober 10, 2018 at 3:45 AM

    The EPF recently revised its target minimum savings (the recommended amount to have in your EPF at the age of 55 to see you through 20 years of retirement) from RM196, 800 to RM228, 000. As such, active contribution to your EPF alone may not be sufficient for achieving your retirement goal. PRS is a tool you can use to supplement your EPF contribution, by voluntarily saving under a well-structured and regulated environment.

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