Lee Siew Ching, unit trust

Are you ready for retirement? Is your EPF enough for retirement? You can buff up your retirement savings by contributing into PRS.

What is PRS?

Private Retirement Schemes (PRS) is a voluntary long-term savings and investment scheme to help you accumulate savings for your retirement. It acts to supplement the mandatory retirement scheme.

All contributions made to PRS will be split 70:30 into Sub-Account A and Sub-Account B. Retirement withdrawal may be made, in part or in full, the day after retirement age of 55. Amount in Sub-Account B can be withdrawn once a year before retirement age of 55, subject to 8% penalty on the withdrawal sum.

Why save in PRS?

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