Ronnie's Blog

To those who invested in Private Retirement Scheme (PRS) in Malaysia, it is super important to submit (by hand) your Nomination Form to Private Pension Administrator Malaysia (PPA). You may invest in PRS via Versa PRS (using their app) for zero-paper application and deposits. Unfortunately, there is no online platform service for submitting the Nomination Form. All PRS Members are required to meet their respective PRS consultant/ PRS Provider/Bank/PPA in person to submit all relevant documents when making a nomination. The Nomination Form shall be submitted together with a copy of members Identification Card (MyKad/Police Identification Card/Military Identification Card/ Permanent Resident Identification Card (MyPR) as the supporting document. Else , you may walk in to PPA office as below:- Private Pension Administrator Malaysia (PPA) Level 13A, Bangunan Tierra Crest,No. 3A, Jalan SS 6/3, Kelana Jaya, 47301 Petaling Jaya, Selangor, Malaysia. Note: Submission of application for Nominat...

  Malaysia, known for its vibrant culture and robust economy, offers a range of tax relief measures to alleviate the financial burden on its citizens. These measures are designed to encourage savings, support education, and foster a more inclusive economic environment. Understanding the various tax relief options available is crucial for individuals and businesses alike to optimize their financial well-being. Personal Tax Relief: Malaysian taxpayers can benefit from a variety of personal tax reliefs to reduce their taxable income. Some notable categories include: a. Individual Relief:  This encompasses basic necessities such as children's education fees, purchase of books, and medical expenses for parents. Taxpayers can claim relief for themselves, their spouses, and children. My personal favorite: SSPN Prime and Private Retirement Schemes (PRS) SSPN Prime  offers up to RM8,000 in tax relief per individual (until 2024*) PRS  offers up to RM3,000 in tax relief per in...