YA2026
RM3,000
YA2027 (Proposed)
RM3,000
What qualifies?
- Contributions to SC-approved PRS funds.
- Deferred annuity premiums.
Tips
- The classic year-end move: contribute before 31 Dec and save at your marginal rate (RM570 at the 19% band).
- Money is locked until 55 (early withdrawal is taxed 8%) — only put in money you won’t need.
- Many PRS providers run sign-up incentives — compare before you pick.
Records to keep
Contribution statement from the PRS provider.
How much tax does the full RM3,000 save?
Single, no bonus, basic reliefs only. Tax saved ≈ amount claimed × your marginal rate.