PRS Malaysia — Complete Guide to Private Retirement Scheme 2026

PRS gives you a RM3,000 tax deduction per year — on top of everything else you are already claiming. For someone in the 25% tax bracket, that is RM750 back every year just for routing RM3,000 into a regulated retirement account you were going to invest anyway. That is the core case in one sentence. Everything below is the full picture before you decide.

Private Retirement Scheme (PRS) is a voluntary, long-term savings framework regulated by the Securities Commission Malaysia (SC). It launched commercially in 2012 and is entirely separate from EPF — different account, different providers, different fund choices, different withdrawal rules. Where EPF is mandatory and employer-linked, PRS is something you set up yourself, at any SC-licensed provider, with any amount you choose.

Last updated 17 October 2026 · money.com.my Editorial

What Is PRS?#

PRS operates under the Capital Markets and Services Act 2007 and is regulated by the SC, not Bank Negara Malaysia (BNM). This distinction matters: PRS is a capital markets product, not a banking product. Your contributions go into unit trust-style funds managed by licensed private fund managers.

The Private Pension Administrator (PPA) — a separate body approved by the SC — acts as the central record-keeper. PPA does not manage money. It administers your PRS account across providers and sends an annual consolidated statement (PPA, Structure of PRS); the contribution statement you need for a tax claim comes from your provider (PPA, PRS Tax Relief page). You start by contributing to a provider, directly or through a registered distributor, and you are given a PRS account when you do (PPA, Structure of PRS).

Every PRS account is split into two sub-accounts:

The 70/30 split is fixed by SC regulation — you cannot change it. If you contribute RM10,000 in a year, RM7,000 goes to Sub-Account A and RM3,000 to Sub-Account B.

At age 55, both sub-accounts become accessible, in part or in full, with no 8% tax penalty (PPA). We did not check LHDN's wider income tax treatment of PRS withdrawals, so we do not say they are tax-free (HELD).

PRS Providers in Malaysia#

Nine providers are approved to offer PRS. The list below is the one published by the Private Pension Administrator (PPA), the body approved by the Securities Commission to administer PRS, read on 8 August 2026. Names are as PPA records them, because several of these firms have been renamed.

Every one of the nine offers Shariah-compliant PRS funds as well as conventional ones, so requiring a Shariah option does not narrow your choice of provider at all.

Two of these names have changed, and older comparisons still use the dead ones. PPA records Principal Asset Management Berhad as "formerly known as CIMB-Principal Asset Management Berhad" — they are one firm, not two. AHAM Asset Management Berhad is the former Affin Hwang Asset Management. If a comparison lists CIMB-Principal and Principal as separate providers, it is counting the same company twice.

Minimum contributions vary by provider and by fund, and PPA does not publish a single figure — check the fund's prospectus or the provider's own page before you open an account rather than assuming a standard RM100.

You can hold PRS accounts with multiple providers simultaneously. Your combined annual contributions across all providers count toward the single RM3,000 tax relief cap.

How the RM3,000 Tax Relief Works#

PRS contributions qualify for a personal income tax relief of up to RM3,000 per year of assessment (PPA: tax relief of up to RM3,000 a year on contributions for assessment years 2012 to 2030; you claim it at section F-F18 of Form BE). This reduces your chargeable income — the figure your tax rate is applied to.

This relief sits in its own category, entirely separate from:

• EPF employee contributions: RM4,000 relief (LHDN's YA2025 table, item 17, which excludes private retirement schemes)
• Life insurance premiums and additional voluntary EPF contributions: share a RM3,000 relief (mandatory EPF has its own RM4,000)

A maximising salaried employee can claim all three simultaneously. PRS does not eat into either of the other buckets.

Tax Saving at Each Bracket#

Rates are LHDN's resident bands for Year of Assessment 2023–2025. The savings assume the whole RM3,000 falls inside one band.

Worked Example — RM6,000/Month Salaried Employee#

Take someone earning RM6,000/month gross (RM72,000/year). After standard deductions:

• Personal relief: RM9,000
• EPF employee contributions (11%): RM7,920 → capped at RM4,000 relief
• SOCSO: RM350 relief

Chargeable income before PRS: approximately RM58,650.

At RM58,650 chargeable income, the marginal rate on the top slice (RM50,001–RM70,000) is 11%.

Contributing RM3,000 to PRS reduces chargeable income to approximately RM55,650. Tax saving: RM3,000 × 11% = RM330 for that year. Over 10 years of consistent PRS contributions, that is RM3,300 in tax saved — before accounting for any investment growth inside the PRS fund.

You claim the PRS relief in your annual LHDN e-filing (MyTax portal). PPA says you can claim on the gross contribution, including any upfront charge, and that the contribution statement to support the claim comes from your provider — use that statement when filing.

PRS Fund Categories#

The SC mandates that every provider offer a set of Core Funds across three risk categories. Beyond these, providers may offer Non-Core Funds with more specific mandates.

Growth Funds#

• Equity allocation: at least 60% in equities (shares), as earlier versions of this guide said; the SC's guideline text was not read, so the figure is held
• What's inside: Malaysian equities (Bursa-listed), and/or regional/global equities depending on the fund. Some Non-Core Growth funds focus on global ETFs or thematic sectors.
• Who it suits: Investors with 15+ years to retirement who can tolerate short-term drawdowns in exchange for higher long-term capital growth potential
• Risk: High. Significant drawdowns during market downturns are expected. Returns over full market cycles should outpace inflation, but this is not guaranteed.

Moderate Funds#

• Equity allocation: 40–60% in equities with the remainder in fixed income (bonds, sukuk), as earlier versions said; held, as above
• What's inside: Balanced mix of equities and fixed income. Some funds tilt toward Malaysia; others include regional or global exposure.
• Who it suits: Investors with 7–15 years to retirement wanting growth with dampened volatility
• Risk: Medium. Drawdowns are smaller than growth funds; recovery is typically faster.

Conservative Funds#

• Equity allocation: no more than 20% in equities, as earlier versions said (held, as above); the majority in government bonds, corporate sukuk, and money market instruments
• Who it suits: Investors within 5–10 years of retirement, or those with low risk tolerance who still want the PRS tax relief
• Risk: Lower. Capital erosion is possible but uncommon; returns are generally lower than moderate or growth funds.

Default Lifecycle Funds#

Each provider must offer three core funds as the default option, and if you choose it your contributions go to the core fund for your age group (PPA, Fund Options): Growth fund below 45, Moderate fund from 45 to 54, and Conservative fund from 55.

If you do not want to actively manage your fund selection, the Default fund gives you an automatic glide path. The trade-off is less control; we could not confirm whether default funds cost more than picking a core fund directly (HELD).

How to Open a PRS Account#

Step 1 — Start with PPA's four steps#

PPA's "How to Get Started" page lists four steps: select a PRS provider, choose a suitable fund, open your PRS account, and top up your funds regularly through PRS Online. You can contribute to a provider directly or through a registered distributor, and PPA runs PRS Online (ppa.my) for enrolment and top-ups. An earlier version of this step said to register with PPA first and get a "PPA ID" in about 10 minutes; we could not find that on PPA's pages, so it is removed (HELD).

Step 2 — Choose a Provider#

From the nine approved providers above, pick one (or two at most to keep things manageable). Key factors:

• Fund range and exposure: Does the provider offer a fund that matches your risk appetite? Do you want Malaysia-focused, regional, or global equity exposure?
• Shariah compliance: All providers offer Shariah-compliant options — look for SC-approved Shariah funds if required
• Fees: each provider charges its own annual management fee and trustee fee, set out in PPA's Fees Comparison page and each scheme's disclosure document. PPA's own fees are RM8 a year per provider (not payable in the year the account opens or a year with no contribution) and a 0.04% a year admin fee charged to the funds; its RM10 account-opening fee, RM25 transfer fee and RM25 pre-retirement withdrawal fee are currently waived. We could not read the providers' fee table (PPA loads it by script), so the management-fee ranges earlier versions gave (0.5%–1.5% on equity funds, 0.3%–0.8% on fixed income) are held. As arithmetic only, not a PRS quote: on RM100,000 growing at 6% gross for 20 years, a 0.5% annual fee leaves about RM291,800 and a 1.5% fee about RM241,200, a gap of about RM50,600.
• Sales charge: providers may charge a sales charge on contributions; the range earlier versions gave (0–3%) is held. Compare each provider's current charge before you contribute.
• Platform quality: Can you monitor balances and set up recurring contributions easily via an app?

Step 3 — Open an Account with the Provider#

PPA's FAQs say you need proof of identification: your identity card (or police or armed forces ID) if you are Malaysian, or your passport if you are not. Providers and distributors may ask for more, such as bank account details and a risk profile questionnaire (check with the one you choose). PPA's PRS Distributors page describes institutional and corporate PRS advisers (IPRA and CPRA) that market for a panel of providers. An earlier version said several bank-linked providers let you open an account inside their banking apps; we could not confirm that (HELD).

Alternatively, the Private Pension Administrator Malaysia (PPA) — the central administrator for every PRS scheme, appointed by the Securities Commission — publishes the current provider and fund lineup at ppa.my. That is the right place to compare fund lineups before committing.

Step 4 — Select Your Fund#

Pick a Growth, Moderate, or Conservative fund based on your time horizon and risk tolerance, or opt into the Default lifecycle fund. You can split contributions across multiple funds within a provider's lineup. You cannot split a single contribution across providers.

Step 5 — Make Your First Contribution and Set Up Recurrence#

Contribution methods at most providers:

• Online fund transfer or direct debit — PPA's FAQs name these two ways to pay your provider
• PRS Online Top Up — PPA's online service for additional contributions
• Regular contributions — the monthly amount is yours to set; RM250 a month reaches the RM3,000 annual relief exactly
• Employer-sponsored programmes — some employers offer them (PPA, "We, Empower via PRS")

Minimum per transaction depends on the provider and fund: on PPA's Fees Comparison page, subsequent contributions are RM50 to RM100.

PRS vs EPF Top-Up — Comparison#

This is the question that comes up most often. Here is the direct comparison:

The sequence that makes financial sense: EPF voluntary top-up first (if your mandatory contributions have not yet hit the RM4,000 relief ceiling), then PRS for the additional RM3,000 relief. EPF has no fees, no capital loss risk, and a consistent dividend. PRS adds value through the separate tax relief bucket and the ability to choose different fund exposure.

For a deep dive on EPF contributions and the RM4,000 relief, see that guide.

PRS vs ASB and ASNB#

For Bumiputera Malaysians who can invest in ASB, the comparison is also worth running:

For Bumiputera investors, the typical priority order is: ASB to the RM300,000 ceiling (or available capital) → EPF voluntary top-up → then PRS for the separate RM3,000 relief. ASB offers capital protection and full liquidity; PRS offers none of that, but provides a tax relief that ASB does not.

For non-Bumiputera investors, PRS is one of the few genuinely tax-advantaged investment vehicles available, making the case for it stronger.

See the ASNB and ASB guide for a complete breakdown of PNB's fund family.

The PRS Youth Incentive — Current Status#

The PRS Youth Incentive was a one-time RM1,000 government payment credited directly into the PRS account of Malaysians aged 20–30 who earned RM4,000/month or less and contributed a minimum of RM1,000 to PRS in a given year. It was introduced in Budget 2014 and ran through multiple budget cycles to stimulate early retirement saving habits.

As of Budget 2025 (tabled October 2024), the Youth Incentive was not renewed. It has lapsed for new claimants. Anyone who received the incentive in prior years retains those funds in their PRS account — they are not clawable.

Budget 2026 and Budget 2027: We read the Budget 2026 speech (tabled 10 October 2025) and tax-measures annex, and the Budget 2027 speech, tax-measures annex and summary (tabled 9 October 2026), on belanjawan.mof.gov.my, and found no PRS measure and no reinstatement of the Youth Incentive. Before finalising your PRS plan, check ppa.my or your chosen provider, and do not build the incentive into your calculations unless it is confirmed active. The RM3,000 annual tax relief is not changed in those documents, and the Private Pension Administrator states it is available until assessment year 2030.

Withdrawal Rules#

Before Age 55#

Sub-Account B — Annual Partial Withdrawal (with penalty):

• One withdrawal per calendar year permitted
• You receive the Sub-Account B balance minus an 8% tax deducted at source on the amount withdrawn
• This is a deliberate deterrent. The penalty exists to discourage treating PRS as a short-term savings vehicle.

Penalty-Free Pre-Retirement Withdrawals: The Private Pension Administrator (PPA) lists these pre-retirement withdrawals as free of the 8% tax penalty:

1. Permanent departure from Malaysia — Sub-Account A and B, in full, no penalty
2. Death — Sub-Account A and B, in full, no penalty; the balance goes to your nominees, or to your executor or administrator if you made no nomination
3. Permanent total disablement, serious disease or mental disability (PTD/SD/MD) — as defined by the Securities Commission; in full from both Sub-Account A and B, with no 8% penalty (PPA FAQs)
4. Housing and healthcare — Sub-Account B only, partial or full, no penalty; the terms and documents are set out on PPA's FAQs page, and PPA says approved payouts are credited within 10 business days

Earlier versions listed "terminal illness" and "first home purchase" from Sub-Account A and B combined. PPA lists neither as such, and housing and healthcare come from Sub-Account B only, so both were removed.

At Age 55 and Above#

Full access with no 8% tax penalty (PPA); income tax treatment not re-checked (HELD). Options:

• Lump sum — withdraw everything at once
• Phased withdrawals — set up regular monthly or quarterly payouts (available at most providers; check frequency options before choosing a provider)
• Leave it invested — no requirement to withdraw at 55. Funds continue to be invested and compound. Withdrawals on your own schedule.

There is no mandatory withdrawal age after 55; the minimum withdrawal varies by provider (none to 1,000 units; PPA Fees Comparison).

Is PRS Worth It — Daniel Lim's Honest Verdict#

PRS is not a magic vehicle and it is not a scam. It is a legitimate, SC-regulated investment wrapper with a real, stackable tax benefit. The honest verdict depends on where you are financially.

Who Benefits Most from PRS#

Earners who have already maxed EPF relief, most of all in the 19%+ bands. An employee earning RM6,000/month has mandatory EPF contributions of approximately RM7,920/year — well above the RM4,000 EPF relief ceiling. Additional EPF contributions give them zero further tax benefit. PRS opens a separate RM3,000 of tax-advantaged space that nothing else can. For that RM6,000/month earner, whose chargeable income of about RM58,650 sits in the 11% band, the saving is RM330 per year (see the worked example above). The saving is larger higher up: RM570 a year at 19% (RM70,001–RM100,000) and RM750 at 25% (RM100,001–RM400,000); RM750/year compounded at 6% for 20 years is worth over RM27,000 (RM750 × 36.79), and RM330/year over RM12,000 (RM330 × 36.79 = RM12,140).

Self-employed Malaysians with no mandatory EPF. If you do not have an employer making EPF contributions on your behalf, PRS is often the most accessible structured retirement vehicle with tax relief. Pair it with i-Saraan EPF contributions for a combined RM7,000 in retirement savings relief.

Non-Bumiputera investors who have no access to ASB. Without ASB's capital-protected, high-dividend option, PRS is one of the few tax-advantaged alternatives that offers structured, long-term investing with government endorsement.

Anyone whose employer offers PRS as a workplace benefit. PPA says employers who contribute to PRS for employees can claim a deduction on contributions up to 19% of employees' remuneration (EPF plus PRS), i.e. up to 7% above the EPF statutory rate, and that the employee does not get that deduction personally. We did not confirm how an employer contribution is taxed in your hands (HELD). If your employer is willing to contribute to PRS, it is worth asking about.

Who Should Skip PRS (for Now)#

Earners in the 6% or 11% bracket. The annual tax saving on RM3,000 is RM180–RM330. After provider fees on a growing balance, the net benefit is thin. Better to build an emergency fund, pay down debt, or max out EPF voluntary contributions (no fees, no capital risk) first.

Anyone carrying high-interest debt. Credit card debt at 18% p.a. or personal loans at 12–15% p.a. produce a guaranteed negative return on any ringgit not used to pay them down. Locking money in PRS while paying 18% elsewhere is financially irrational. Clear the debt first.

Investors who have not yet built a 3–6 month emergency fund. Sub-Account A is effectively inaccessible before 55 in normal circumstances. Sub-Account B is accessible but costs 8% to touch for general purposes. Money you may need in the next 5 years should be in liquid instruments, not PRS.

The bottom line: PRS earns its place in a Malaysian retirement plan as the additive layer on top of EPF and ASB. For the right profile — 19%+ tax bracket, EPF relief already maxed, stable income — the math is clear. For everyone else, get the foundation right first.

Frequently Asked Questions#

Can I have PRS accounts with multiple providers? Yes. You can hold accounts with multiple SC-licensed providers simultaneously. Your total annual PRS contributions across all providers count toward the single RM3,000 tax relief ceiling. PPA consolidates all your accounts on a single dashboard via ppa.my.

Can I transfer my PRS account to a different provider? Yes, but PPA says transfers can only be instructed after the first year from your first contribution, once per calendar year, and to one fund at a time (its FAQ example says a request to split a transfer across two funds is not approved). Providers charge their own transfer fees (see PPA's Fees Comparison page); PPA's own RM25 transfer fee is currently waived. A minimum residual balance and a processing time of "several weeks" were stated in earlier versions; we could not confirm either (HELD). If you are unsatisfied with fund performance or fees, transferring is the correct action rather than opening a new account and fragmenting your balance.

Are PRS withdrawals taxed when I take them at age 55? At age 55 and above you pay no 8% tax penalty on a PRS withdrawal (PPA). Earlier versions went further and said withdrawals are exempt from income tax, including capital gains and dividends, and that PRS compounds in a tax-sheltered environment; we did not check LHDN's treatment of PRS withdrawals or investment income, so those statements are held.

What happens to my PRS if I leave Malaysia permanently? You can withdraw your full PRS balance — Sub-Account A and B — without the 8% penalty if you leave Malaysia permanently, which PPA defines as surrendering a Malaysian work permit or citizenship. For a Malaysian PPA lists the provider's withdrawal form, your identity card and one of: a letter of renunciation of citizenship (Form K or Form Y), or a letter confirming surrender of your identity card from the National Registration Department or a Malaysian embassy, high commission or consulate. A foreigner needs the form, a passport copy and a letter from the employer ending the job, an income tax clearance statement or a cancelled work permit. Earlier versions said processing takes several weeks; PPA states no time for this type, so that is removed.

Can PRS contributions be made through EPF i-Invest? No. PRS and EPF i-Invest are separate schemes with separate accounts and separate contributions, and their tax reliefs are separate too: EPF RM4,000, PRS RM3,000. You may be thinking of the Supplementary Retirement Scheme (SRS) — that is a Singapore scheme with no Malaysian equivalent, so it does not form part of a Malaysian retirement plan or attract any LHDN relief.

Related Guides#

• EPF Complete Guide 2026 — EPF accounts, contribution rates, three-account structure (Akaun Persaraan, Akaun Sejahtera, Akaun Fleksibel), and how the dividend is calculated
• EPF Contribution Tax Relief — The separate RM4,000 EPF relief, who qualifies, and how to claim it in MyTax
• Income Tax Reliefs Malaysia 2026 — Every personal income tax relief available, stacked in one place
• Best Robo-Advisors Malaysia 2026 — If you want market-linked investing with lower fees than PRS, this is the alternative

Amendment, 31 July 2026. An earlier version of this guide referred to the Supplementary Retirement Scheme (SRS) as a Malaysian scheme giving "Malaysian citizens up to RM15,500 in annual tax relief", listed it alongside EPF and PRS as one of three parallel Malaysian reliefs, and advised readers already "maximising SRS" that PRS might not be worth the complexity. That was wrong: SRS is a Singapore scheme and has no Malaysian equivalent. It is administered by Singapore's Ministry of Finance with a cap of S$15,300 for citizens and permanent residents; the RM15,500 figure appears to have been that Singapore cap with the currency swapped. No Malaysian taxpayer can open an SRS account or claim relief for one. The Malaysian reliefs are EPF (RM4,000) and PRS (RM3,000). All SRS references have been removed or corrected.

Amendment, 8 August 2026. This guide said eight providers hold licences to offer PRS, in the provider table, twice in the body text, and in the FAQ. There are nine, per the Private Pension Administrator's own published list. Two were missing entirely: AIA Pension and Asset Management and Hong Leong Asset Management. Worse, the table listed CIMB-Principal Asset Management and Principal Asset Management as two separate providers — PPA records them as one firm, annotating Principal as "formerly known as CIMB-Principal Asset Management Berhad", so a reader comparing providers was shown the same company twice and a dead name as a live option. Affin Hwang Asset Management was also the pre-2023 name; the firm is now AHAM Asset Management Berhad. The claim that all providers require a minimum contribution of RM100 was removed from both the body and the FAQ: PPA publishes no such figure and minimums vary by provider and fund. The unverified "Digital Platform" and "Notable Feature" columns were replaced with each provider's Shariah-compliant fund range, which is sourced from PPA's own scheme list. Checked and found correct, so not changed: the EPF dividend figures (6.15% for 2025, 6.30% for 2024) match this repo's EPF SoT, and the RM300,000 ASB ceiling matches the correction already verified across the ASB guides.

The PRS provider list was read from the Private Pension Administrator on 8 August 2026.

Amendment, 10 October 2026. The PRS tax-saving table paired out-of-date rates with the wrong brackets: 8% for RM20,001–RM35,000, 13% for RM35,001–RM50,000, 19% for RM50,001–RM70,000, 24% for RM70,001–RM100,000 and 26% for RM100,001–RM400,000. They now show LHDN's resident-individual bands for Year of Assessment 2023, 2024 and 2025: 0%, 1%, 3%, 6%, 11%, 19%, 25%, 26%, 28% and 30% (hasil.gov.my/en/individu/kadar-cukai/, last updated 26 June 2026). Tax at the top of each band is RM150, RM600, RM1,500, RM3,700 and RM9,400 (to RM100,000), then RM84,400, RM136,400 and RM528,400. The tax saving on the RM3,000 PRS relief is recalculated: RM90 at 3%, RM180 at 6%, RM330 at 11%, RM570 at 19% and RM750 at 25%. The RM6,000-a-month example (chargeable income RM58,650, in the 11% band) saves RM330 a year, RM3,300 over 10 years, not RM570 and RM5,700. At 25%, RM750 a year compounded at 6% for 20 years is about RM27,600 (RM750 × 36.79). Still outstanding: the RM3,000 PRS relief cap, fees and EPF figures were not re-checked in this amendment.

Amendment, 17 October 2026 (Budget 2026 and 2027). The guide's Youth Incentive FAQ and section said to check ppa.my for "any Budget 2026 reinstatement", and that Budget 2026 was "to be tabled in October 2025". Budget 2026 was tabled on 10 October 2025 and Budget 2027 on 9 October 2026. We searched the Budget 2026 speech and tax-measures annex and the Budget 2027 speech, tax-measures annex and summary (Ministry of Finance, belanjawan.mof.gov.my) for "PRS" and "Skim Persaraan Swasta" and found no PRS measure in any of them, so the text now says no reinstatement of the Youth Incentive was found. The RM3,000 relief: the Private Pension Administrator's tax-relief page (ppa.my) states "up to RM3,000 annually" and availability "until assessment year 2030". LHDN's relief page (hasil.gov.my) returned HTTP 500 when we tried on 17 October 2026, so we did not re-read it in this amendment; the RM3,000 figure was last read there on 16 October 2026 (see the verification log).

Amendment, 17 October 2026 (EPF relief). The FAQ on EPF versus PRS said to "max out EPF voluntary top-up first (RM4,000 relief)", and the relief list said life insurance and EPF voluntary contributions had a "shared RM7,000 relief". LHDN's relief page, item 17, reads: "1. Mandatory contributions to approved schemes or voluntary contributions to EPF ... ( Restricted to RM4,000 ) 2. Life insurance premium payments or family takaful contributions or additional voluntary contributions to EPF ( Restricted to RM3,000 )". An employee whose mandatory EPF already reaches RM4,000 gets relief on a voluntary top-up only within the RM3,000 limit shared with life insurance. Both lines now say so.

Amendment, 17 October 2026 (EPF account names). This guide called EPF's second account only "Account 2". Since the 11 May 2024 restructuring that account is Akaun Sejahtera, so the guide now says "Akaun Sejahtera (formerly Account 2)" and, where they appear beside it, Akaun Persaraan (Account 1) and Akaun Fleksibel (Account 3). Old names stay only where they describe the past (the pre-May 2024 70/30 split, the i-Lestari scheme). The names and the 75% / 15% / 10% split are from the Deputy Finance Minister's reply in the Dewan Rakyat as reported by RTM on 6 July 2026, and from the government portal malaysia.gov.my ("Jenis Akaun Simpanan KWSP"), both checked on 17 October 2026. Neither page uses the words "Account 2": the match of Akaun Sejahtera to the old Account 2 rests on its purposes (housing, education, health) and on RTM's report that the Akaun Persaraan share rose from 70 to 75 per cent. kwsp.gov.my returned 403 to our checks, and the EPF Act 1991 text on the AGC site (online 2022 version) predates the restructuring, so the names are not confirmed from a gazetted amendment.

Corrected: the liquidity row previously said "Account 2 (20%)", but the split of contributions credited from 11 May 2024 (not balances already held) is 75% Akaun Persaraan, 15% Akaun Sejahtera and 10% Akaun Fleksibel, the same as the EPF contribution rates guide. The row now shows those shares. Its "Account 2 ... from age 50" wording was replaced: EPF Act 452 s.54(6)(a) lets the Board authorise a partial withdrawal once the member "has attained the age of fifty years", on KWSP's terms, but no source we saved ties that rule to Akaun Sejahtera, so the row states it as a general rule (that link is HELD). The i-Invest line said fund selection draws on Account 2; i-Invest draws on the savings in Akaun Persaraan above Basic Savings, as our EPF i-Invest guide explains.

Amendment, 17 October 2026 (EPF account names, follow-up). A further sweep of the EPF account names. The related-guides line on the EPF structure now names Akaun Persaraan, Akaun Sejahtera and Akaun Fleksibel instead of "Account 1/2/3". The old names stay only where they describe the past (the 70/30 split before 11 May 2024, balances held before the restructuring, COVID-era schemes), in earlier amendment notes, and in the titles of linked guides. The links between the new names and the old account numbers are our reading, not KWSP's wording: the RTM report of 6 July 2026 and the malaysia.gov.my page "Jenis Akaun Simpanan KWSP" name the three accounts and the 75% / 15% / 10% split but do not use the words "Account 1", "Account 2" or "Account 3" (evidence in docs/verification-log/followups-g5-oct17/). Only labels changed; no figure, rate or withdrawal rule was changed.

Follow-up amendment, 17 October 2026 (evidence batch J). We re-checked this guide against the Private Pension Administrator (ppa.my: Structure of PRS, PRS FAQs, Important Information, PRS Tax Relief, Fund Options, Fees Comparison, How to Get Started, PRS Distributors, List of Providers & Funds), the Finance Act 2024 and LHDN's YA2025 relief table, read on 17 October 2026. Corrected: (1) the FAQ and table said Sub-Account A could be released before 55 on "death, total permanent disability, terminal illness, or first home purchase"; PPA lists permanent departure, death, and permanent total disablement, serious disease or mental disability, and housing and healthcare withdrawals come from Sub-Account B only, not A. (2) The default fund bands "under 40 / 40–49 / 50 and above" are PPA's "below 45 / 45 to 54 / 55 and above". (3) The "PPA ID" and "register with PPA first in about 10 minutes" step is not on PPA's pages; PPA's four steps start with choosing a provider. (4) The "RM7,000 life insurance relief" in the first FAQ was wrong: LHDN's table has RM4,000 for EPF (excluding private retirement schemes) and RM3,000 for life insurance, takaful and voluntary EPF; PRS is its own RM3,000 item, with relief to YA2030 (PPA and section 31 of the Finance Act 2024). The Income Tax Act section numbers "49(1AA)" and "49(1)(a)" are removed: no LHDN or PPA page we could read cites a section, and our other guide cited 49(1D) and 49(1)(b), so the section number is held; PPA says the claim goes at section F-F18 of Form BE. (5) The fee illustration "roughly RM36,000" for 0.5% against 1.5% on RM100,000 over 20 years at 6% did not reproduce; the same assumptions give about RM50,600 (RM291,800 against RM241,200), now stated as arithmetic only. (6) "Minimum per transaction is RM100 at most providers" is replaced by PPA's RM50 to RM100 for subsequent contributions. (7) The permanent-departure documents and the "several weeks" processing time follow PPA's FAQ (definition, forms and documents) with the time removed; PPA gives a 10-business-day payout for housing and healthcare withdrawals. (8) The transfer FAQ now follows PPA (after the first year, once per calendar year, one fund at a time). (9) "Tax-exempt withdrawals" is replaced by PPA's "no tax penalty" and the wider income tax treatment is held. Removed because no primary source could be read (HELD): provider management-fee ranges (0.5%–1.5% equity, 0.3%–0.8% fixed income), the 0–3% sales charge, bank-linked app onboarding, the RM100 minimum residual balance on transfer, "default funds cost more", and "employer contributions are not taxable income for you". Checked and left: the nine-provider list matches PPA's list of providers and funds (every provider has a Shariah or Islamic fund series); PRS relief of RM3,000 "up to YA2030". The core-fund equity ranges (60%, 40–60%, 20%) were not found on PPA's pages and are marked held. (10) The "Penalty-Free Pre-Retirement Withdrawals" list and the PTD/SD/MD terms now follow PPA (permanent departure, death and PTD/SD/MD in full from both sub-accounts; housing and healthcare from Sub-Account B only); "terminal illness" and "first home purchase" are removed. The age-55 line now says no 8% tax penalty and holds the wider income-tax treatment; the minimum withdrawal varies by provider (PPA Fees Comparison); the employer deduction is up to 19% of employees' remuneration (EPF plus PRS), i.e. up to 7% above the EPF statutory rate. Also reworded or removed: "Selfie" and "MyKad photo upload" steps, "Registration is free", and "processes transfers". Evidence: docs/verification-log/evidence-batch-j-oct17/.