PPA chairman Datuk Zaiton Mohd Hassan said the PRS tax relief given to individuals who saved in the voluntary scheme had proven to be effective in encouraging Malaysians to save more for retirement.
KUALA LUMPUR: The Private Pension Administrator Malaysia (PPA) says the extension of the Private Retirement Schemes (PRS) tax relief of up to RM3,000 per year until 2025 is a positive move by the government.
In a statement, PPA chairman Datuk Zaiton Mohd Hassan said the PRS tax relief given to individuals who saved in the voluntary scheme had proven to be effective in encouraging Malaysians to save more for retirement.
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