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Fulfilled the Inadequacy & Bridge the Gap

Fulfilled the Inadequacy & Bridge the Gap. October 2012. Disclaimer.

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Fulfilled the Inadequacy & Bridge the Gap

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  1. Fulfilled the Inadequacy & Bridge the Gap October 2012

  2. Disclaimer The material shown in this presentation is for general information purposes only. The views expressed are those of the individual and are not necessarily those of Standard Financial Planner Sdn Bhd or its related bodies corporate. The material this presentation and the views expressed are not intended to be, nor should they be interpreted as specific personal investment or risk advice. Any economic and performance information provided does not indicate future results. Whilst all care is taken in the preparation of this material no warranty is given with respect to the information provided, and accordingly no responsibility for errors or omissions, including responsibility to any person by reason of negligence is accepted by Standard Financial Planner Sdn Bhd, any of its related bodies corporate or any member or employee of Standard Financial Planner Sdn Bhd. Before acting on any of the information contained in this presentation you should obtain specific advice from a specialist investment or risk professional, which is appropriate to your specific investment or risk needs, objectives and financial situation. Emerging markets risk Political & regulatory risks Currency risks Counterparty risks Volatility risks Liquidity risks Country specific risks

  3. How Malaysia fares? • Working Malaysians planning for retirement has fallen, from 48% in 2007 to 38% in 2010. • Most only started to prepare for retirement at age 39. Interesting Facts

  4. How Malaysia fares? • About 55% of the working Malaysian said having childrenis the main triggers to start saving for retirement. • Only 37% of the working Malaysian consider their future income will be sufficient vs 62% in 2007. Interesting Facts (con’t)

  5. EPF current asset allocation is 70% - 80% into fixed incomes instruments. • Mismatching in terms of risk profiles • For example, 30 years old person with long horizon of 30 years to prepare for retirement. • PRS able to bridge the GAP by providing an opportunity to enhance the returns by matching ones risk profiles or needs PRS: Bridge the gap

  6. Tax incentive enjoyed by employer • PRS can be design as bonus/ compensation scheme as part of the employers’ staff retention program • PRS gives the employers more reasons to contribute more, which in turn help the employees to save and accumulate more for their retirement PRS: Bridge the gap (con’t)

  7. Individuals • Tax relief of up to Rm3,000 for the first 10 years from assessment year 2012 • Employers • Tax deduction on contributions to PRS made on behalf of their employees above the EPF statutory rate up to 19% of employees’ remuneration PRS: Tax Incentives

  8. To complement on EPF • To cultivate the public habits on savings for retirement • Retire happily with MONEY ! PRS: The Future

  9. 2011 Conference Taipei Standard Financial Planner

  10. Practice Offices • Kuala Lumpur • Neo Damansara • Taman Desa • Puchong • Bandar Baru Klang • Jalan Kelang Lama • Georgetown, Penang • Ipoh, Perak • Sungai Petani, Kedah • Kuala Terengganu • Seremban • Kota Kinabalu, Sabah • Kuching, Sarawak Head Office Standard Financial Planner Sdn Bhd (490804-K) Licensed Financial Adviser I Corporate Unit Trust Advisers I CMSL/A0173/2007 B-8-3A, Block B West, Menara PJ8, No.23, Jalan Barat 46050 Petaling Jaya, Selangor, MALAYSIA Tel: 03-7954 5486 Fax: 03-7954 5489 URL: http://www.sfplanner.com Northern Region Office 51-12-B, Menara BHL, Jalan Sultan Ahmad Shah, 10050 Georgetown, Penang, MALAYSIA. Tel: 604-228 6311 Fax: 604-228 8310

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