🔍 What Is It?

This programme allows employees to set aside a fixed amount from their salary each month to invest in PRS funds. The deduction is automatic, consistent, and entirely voluntary.

💡 How It Works

• You decide how much to contribute monthly (e.g., RM100).
• Your employer deducts that amount from your salary.
• The funds are deposited into your PRS account with your chosen provider.
• You can adjust or stop the deduction as needed (based on employer/provider policies).

🎯 Why It’s Useful

• ✅ Promotes consistent savings habits
• ✅ No need to remember monthly contributions
• ✅ Enjoy personal tax relief up to RM3,000 annually until 2030
• ✅ Grow your retirement savings through compounding and professional fund management

🛡️ Free Personal Insurance / Takaful Coverage

As a PRS member aged between 18 to 59 years old, you are entitled to complimentary insurance or takaful protection provided by Public Mutual. This added benefit enhances your retirement planning with financial protection against unforeseen events.

• ✅ Coverage is fully sponsored and does not reduce your PRS balance
• ✅ Benefits typically include life protection and accidental death coverage
• ✅ Peace of mind for you and your loved ones during your working years

Note: Terms and coverage vary from time to time. Speak with a consultant for details.

🔐 PRS Protection Under the Law

Did you know your PRS contributions are protected by law?

• ✅ Your PRS funds and all accrued benefits are protected from creditors under Section 139ZA of the Capital Markets and Services Act 2007.
• ✅ This means that in the event of bankruptcy or legal claims, your PRS savings cannot be seized to settle debts.
• ✅ This legal protection gives you an extra layer of financial security for your retirement savings.

📢 Apply for 0% Service Charges

As part of the PRS Salary Deduction Programme, participants can apply for 0% service charges on their PRS account. This means that there are no additional fees deducted from your PRS balance, making it easier to maximize your retirement savings without worrying about hidden costs.

• ✅ No service charge on your contributions
• ✅ Keep more of your earnings growing for retirement
• ✅ Take advantage of this limited-time offer to get started without worrying about initial fees

🧑‍💼 For Employers

Employers can support staff financial wellness by:

• ✅ Facilitating payroll deductions
• ✅ Offering PRS as part of their employee benefits
• ✅ Optionally matching employee contributions to boost morale and retention

📌 Example

If you earn RM4,000/month and opt for a RM200 PRS deduction:

• 🟢 RM200 is deducted from your salary
• 🟢 RM3,800 is your take-home pay
• 🟢 RM200 goes into your PRS account monthly

✅ Benefits Summary