tag:blogger.com,1999:blog-34503628.post7205306705594210034..comments2024-03-26T20:28:00.690+08:00Comments on Journey to Become Financially Independent: TakeAways from Private Retirement Scheme (PRS)ChampDoghttp://www.blogger.com/profile/15551303930099640011noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-34503628.post-10940988157032203542012-08-02T09:37:00.614+08:002012-08-02T09:37:00.614+08:008% tax penalty for withdrawal.8% tax penalty for withdrawal.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-31633940149232237992012-08-01T22:12:52.414+08:002012-08-01T22:12:52.414+08:001. this means govt has influence over most fund ma...1. this means govt has influence over most fund managers to keep stock market afloat.<br /><br />2. as long as there is no restriction on exit strategy ie. can only cash out after age 60 etc. then its an ok scheme.<br /><br />3. when your job income reaches 26% or there about, you should really understand sole prop business accounting to optimize your tax.<br /><br />good luck.Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-63812944013842167852012-07-31T07:15:28.656+08:002012-07-31T07:15:28.656+08:00Yes, donation too but I don't make use of that...Yes, donation too but I don't make use of that ever year. I think I only claim that once. :) I do not donate every year.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-4543585109763019302012-07-31T00:44:37.334+08:002012-07-31T00:44:37.334+08:00How about donation Champ? 7% of your income max - ...How about donation Champ? 7% of your income max - you wrote about that recently too :)LCF on Personal Financehttp://howtofinancemoney.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-86167462344113027452012-07-30T22:23:49.341+08:002012-07-30T22:23:49.341+08:00Yes, tax relief is the key thing especially for pe...Yes, tax relief is the key thing especially for people like me that no way can run away from tax. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-84129880274402373312012-07-30T15:30:52.619+08:002012-07-30T15:30:52.619+08:00I think if we remove the tax relief from the equat...I think if we remove the tax relief from the equation, it might not be too appealing to those who want flexibility investing their own money. For the less disciplined in money management, this could be good.LCF on Personal Financehttp://www.howtofinancemoney.com/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-43107641751178936662012-07-30T07:30:00.828+08:002012-07-30T07:30:00.828+08:00Yes, something new. :)Yes, something new. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-17704145392907085082012-07-30T00:26:18.101+08:002012-07-30T00:26:18.101+08:00Never heard about this scheme..Never heard about this scheme..zoolhttp://yourfinancialblog.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-4930678497560780462012-07-26T10:05:25.818+08:002012-07-26T10:05:25.818+08:00Yes, is an additional one. :)Yes, is an additional one. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-87352135337155198432012-07-24T00:09:19.180+08:002012-07-24T00:09:19.180+08:00So if I already have EPF, then i can still subscri...So if I already have EPF, then i can still subscribe to this. Mostly helpful to lower down income tax bracket then as what you mentioned. :)Krishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.com