RETIREMENT is a word that brings both hope and questions. For retirees in Malaysia, three key concerns often stand out: Is the Employees Provident Fund (EPF) enough for retirement? Do I need to save more? And how can I grow my retirement savings?
While EPF provides a sturdy foundation, relying solely on it might not be sufficient.
As a backup, many Malaysians turn to Private Retirement Schemes (PRS) – a voluntary savings plan that not only helps grow their retirement funds but also offers the added benefit of tax relief for an extra financial boost.
However, navigating the world of PRS often leads to new dilemmas: Which PRS fund is best? What level of risk should I take? How can I balance my investments?
With Principal Malaysia, part of the globally renowned Principal Financial Group, finding answers to these questions just got simpler.
Their “RetireEasy” series comprises a range of Target Date Funds – a hassle-free and optimised solution for retirement planning.
Integrated into the Touch 'n Go eWallet app (TNG eWallet app), saving for retirement is now seamless, secure, and tailored to your needs.
Fuss-free retirement planning
Principal Malaysia is the only PRS provider in Malaysia offering Target Date Funds (TDF).
This lifecycle-based fund offers a hands-free approach to retirement investing, using a formula called an asset allocation glide path that evolves as you age.
In your younger years, investments lean toward growth-oriented, high-risk strategies to maximise returns.
As retirement nears, the strategy gradually shifts to more conservative investments, reducing risk and protecting your nest egg.
This automated approach ensures your portfolio adapts to your changing financial goals without the need for constant adjustments.
Investors now can invest in PRS with Principal through the TNG eWallet app.
Starting with a minimum contribution of just RM100, users can choose between Shariah-compliant or conventional funds tailored to their preferences.
Contributions are simple and flexible, whether made through the TNG eWallet or online banking via FPX.
And it’s simple steps to kickstart your first PRS investment journey with Principal through TNG eWallet. Here’s how to get started:
1. Open the TNG eWallet app
2. Click on GOfinance section
3. Select 'Investment', then select 'Principal'
4. Select the ‘Retire’
5. Start your eKYC verification process and perform a risk assessment
6. You're ready to invest!
The app's intuitive design also makes it effortless for Malaysians to enhance their mandatory EPF savings with additional retirement investments, promoting a financially secure tomorrow.
Score more with Laburia
To sweeten the deal, investors can earn up to 8%* cashback when you invest through the Principal’s Retire and Invest feature through the TNG eWallet app.
The Laburia promo brings two exciting cashback tiers for investors:
> Reward Tier 1: Earn 5%*p.a for 30 days cashback in TNG eWallet reload PIN when you invest a minimum of RM100 in any participating Principal Invest & Retire funds.
> Reward Tier 2: Earn 8%*p.a for 30 days cashback in e-Mas if your total investment reaches RM30,000 or more.
Ready to take advantage of this simple yet powerful way to build wealth and earn a reward?
Starting investing a minimum of RM100 with Principal via TNG eWallet by Dec 31, 2024.
There’s no need to remember any campaign code – all you have to do is invest, and you’re automatically enrolled for these rewards.
With accessible investment options, rewards, and expert management through Principal Malaysia, growing your wealth has never been simpler or more rewarding.
To find out more, click here
* Terms and conditions apply
Disclaimer:
You are advised to read and understand the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) before Investing. Among others, you should consider the fees and charges involved. The registration of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) with the Securities Commission Malaysia (SC) does not amount to nor indicate that the SC recommends or endorses the funds. A copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) may be obtained at our offices, distributors or our website at www.principal.com.my. The issuance of any units to which the relevant Prospectus, Information Memorandum and/or Disclosure Document relates will only be made on receipt of an application referred to in and accompanying a copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document. Please be advised that investment in the relevant unit trust funds, wholesale funds and/ or private retirement scheme carry risk. An outline of the various risk involved are described in the relevant Prospectus, Information Memorandum and/or Disclosure Document. As an investor you should make your own risk assessment and seek professional advice, where necessary. Securities Commission Malaysia does not review advertisements produced by Principal.
