Private Retirement Scheme

What is Private Retirement Scheme (PRS)?

  • A voluntary contribution scheme
  • A vehicle to accumulate savings for retirement
  • Complements contributions made to Employees Provident Fund (EPF)

Why Contribute to PRS?

Additional Retirement Nest Egg
  • Acts as an additional nest egg besides EPF to accumulate sufficient retirement savings
Flexible and Affordable
  • Flexible contribution amount according to your affordability
  • Initial investment of RM1,000 and a minimum of RM100 in subsequent contributions
Money in PRS is Protected from Creditors
  • Money in PRS in protected from creditors as stated in Section 139ZA of the Capital Markets and Services Act (CMSA)
Flexible and Affordable
  • Allows you to enjoy personal tax relief1 of up to RM3,000

How Does the Scheme Work?

When you make a contribution, you may choose between:

Default Option Non-Default Option
Contributions will be automatically allocated to the core fund that corresponds with the pre-determined age group2 or You may select one or more funds from the core or non-core funds regardless of your age

Your contributions will be maintained in two separate sub-accounts:

Full withdrawal (from both sub-account A and B) can be made upon:
  • Reaching retirement age
  • Death
  • Permanent departure from Malaysia
 You can make pre-retirement withdrawal for the following purposes (without 8% tax penalty)
  • Housing purposes (From sub-account B)
  • Healthcare purposes (From sub-account B)
  • Permanent Total Disablement (PTD) / Serious Disease (SD) / Mental Disability (MD) (From both sub-account A and B)

Core Funds

Public Mutual PRS – Conventional Series Public Mutual PRS - Shariah-Based Series Age Group (under default option)
Public Mutual PRS Growth Fund (PRS-GRF) Public Mutual PRS Islamic Growth Fund (PRS-IGRF) Age below 45
Public Mutual PRS Moderate Fund (PRS-MDF) Public Mutual PRS Islamic Moderate Fund (PRS-IMDF) Age 45 to below 55
Public Mutual PRS Conservative Fund (PRS-CVF) Public Mutual PRS Islamic Conservative Fund (PRS-ICVF) Age 55 and above

Non-Core Funds

Public Mutual PRS – Conventional Series Public Mutual PRS - Shariah-Based Series
Public Mutual PRS Strategic Equity Fund (PRS-SEQF) Public Mutual PRS Islamic Strategic Equity Fund (PRS-ISEQF)
Public Mutual PRS Equity Fund (PRS-EQF)

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