Private Retirement Schemes (PRS) is a voluntary long-term savings and investment scheme designed to help you save more for your retirement. PRS seek to enhance choices available for all Malaysians whether employed or self-employed to supplement their retirement savings under a well-structured and regulated environment. Each 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. The fund options under PRS are intended to enhance long-term returns for members within a regulated framework.
VKA Wealth Planners take a holistic approach to their clients retirement needs. They offer a wide spectrum of retirement planning services that include:
- PRS Consultation
- PRS Distribution (Multiple Providers)
Benefits for you as the Employer
As the Employer, Private Retirement Scheme (PRS) Series can help you gain the following advantages over your competition:
- Attract and Retain the Right Talent
- Convenience with Innovative Online Service Platform
- Customized PRS Payroll Solutions
- Greater Tax Benefit
Receive a tax deduction on contributions to PRS Series made on behalf of your employees, up to 19% of the employees’ remuneration.
Benefits for your Employees
With PRS, your Employees can now have peace of mind knowing they can enjoy their desired retirement lifestyle with a sustainable retirement income.
- Supplement Retirement Savings
- Tax Benefit