PRS (Private Retirement Scheme)

Finance

The Private Retirement Scheme is a voluntary long-term investment scheme designed to help Malaysians save more for retirement on top of EPF. Individuals choose from approved funds run by licensed PRS providers, with options ranging from conservative to growth-focused. Contributions are split into a locked portion for retirement and a portion allowing limited early withdrawal, usually with a tax penalty for pre-retirement withdrawals. PRS contributions may qualify for personal income tax relief up to a yearly limit. Returns depend on the funds chosen and are not guaranteed. Tax relief and withdrawal rules are subject to the latest rules.

PRS (Private Retirement Scheme)

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