Private Retirement Scheme (PRS)

Private Retirement Scheme (PRS)

The introduction of PRS aims to provide an additional pillar to support the retirement needs of Malaysians. A PRS is a voluntary scheme designed to help individuals accumulate savings for retirement.

It 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. It also helps the self-employed to build up their savings, and encourages employers to provide extra benefits for their workers beyond their mandatory contribution.

Each PRS will include a range of retirement funds that individuals may choose to invest in based on their own retirement needs, goals and risk appetite. Such funds are managed in a way that is consistent with the objective of building savings for retirement with a prudent spread of risk.

  • One
  • Two

Benefits of contributing to the PRS

Financial Regulation

Licensed by the Cyprus Securities and Exchange Commission under licence number 138/11 in accordance with the Markets in Financial Instruments Directive.

Insured Client Funds

We are a proud member of the Investor Compensation Fund which acts as a guarantor of last resort for our investors. IFC covers the maximum amount of 20.000 EUR for MiFID clients.

Segregated Accounts

Investor’s money is kept in segregated accounts with top-tier banks that cannot be claimed by creditors or used by us. Account base currencies are available in EUR, GBP, USD, CHF and JPY.

Negative Balance Protection

Through the use of an automated transaction monitoring and risk management system, a Consulting WP client’s account will never be allowed to reach negative balance.

Extreme Transparency Policy

Our Extreme Transparency Policy ensures that the client receives a transparent price feed, transparent liquidity, transparent historical data, transparent market information at all times.

USD 825.000.000 NOP

The total value of all of the client’s open positions combined (net open position) may not surpass USD 825.000.000.

How does PRS work?

All contributions made to PRS will be split and maintained in sub-accounts A and B as follows:

70% of all the contributions made to any fund within the scheme to be held in sub-account A and cannot be withdrawn until the retirement age. 30% of all the contributions made to any fund within the scheme to be held in sub-account B and can be withdrawn once a year upon payment of 8% tax penalty. The value of sub-account A and B can increase or decrease according to the unit price.

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Raw Spreads

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Type of funds

Growth Fund (Below age 40)
  • Maximum of 70% equities
  • Investment outside Malaysia permitted
Moderate Fund (Age 40-50)
  • Maximum of 60% equities
  • Investment outside Malaysia permitted
Conservative Fund (Above age 50)
  • 80% in fixed income instruments of which 20% must be in Money Market and a maximum of 20% in equities
  • Investment outside Malaysia not permitted

Our PartnerMore than 40 retirement scheme from 7 PRS Providers

Frequently Asked Questions (FAQs)

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.

The PRS is designed to complement the Employees Provident Fund (EPF) and is regulated by Securities Commission Malaysia (SC).

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.

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.

You may open your PRS account through us; we are one of the PRS Distributors.

  • Annual RM3,000 personal tax relief for Year of Assessment 2012 to 2021
  • One-time Government incentive of RM1,000 for Malaysians age between 20 – 30 with minimum first time contribution of RM1,000 to a single PRS fund within year 2017 to 2018
  • Inclusion of PRS as allowable deduction (up to 19%) in a Company’s tax computation

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.

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