Hello to all Do you still recall the personal tax relief for contribution made on PRS? If you are not so sure, just click the following web-link for more: http://www.ppa.my/index.php/how-prs-works/tax-incentives/ As mentioned during PRS Familiarization program, tax incentives or tax credit has been the core reason behind most pension schemes to motivate an individual to take part in the scheme voluntarily. In addition, incorporated companies (Sdn. Bhd and Bhd) will also be given tax deduction on contributions to PRS made on behalf of their employees above the EPF statutory rate up to 19% of the employees’ remuneration (as illustrated & demonstrated during class). But for today's posting, let’s focus on personal tax relief of RM 3,000 p.a (the first 10 years from assessment year 2012). To reiterate, the personal tax relief of RM 3,000 p.a are granted for either both PRS and Annuity plans . In the class, we discuss briefly about the Annuity P...