Currently, Principal Malaysia offers a total of 20 PRS funds:

^#The Principal Islamic PRS Plus is an Islamic PRS and all the funds within the Islamic PRS are Shariah-compliant.

You are eligible to invest if you are:

• an individual who is at least eighteen (18) years of age and is not an undischarged bankrupt; or
• an employer who contributes on behalf of its employees PRS account. 

However, we have the right to reject an application on reasonable grounds. Please note that any resident of the USA (i.e., someone who has a USA address, permanent or mailing) is not allowed to invest in the Funds. This includes a US citizen residing in Malaysia.
 

There are 3 classes offered:

• Class A & Class C
  For individual who has attained the age 18 years as of the date of opening a private pension account. Class A and Class C have different sales charge and management fee.     
   
• Class X 
  For Member who participates via his/her employer.

PRS has 2 sub-accounts. All contributions made by or on behalf of you will be split and maintained in separate sub-accounts as follows: 

• Sub-account A – holds 70% of all contributions made to the PRS fund. 
• Sub-account B – holds 30% of all contributions made to the PRS fund.

There is no limit to the number of contributions into the PRS funds. You may top-up your contribution anytime or enroll in the Regular Savings Plan (RSP) that allows you to make regular monthly contribution directly from your bank account held with a bank approved by us or our Distributors.
 

• Minimum initial contribution: RM100 for Class A & Class C, N/A for Class X.
• Minimum subsequent contribution: RM50 for Class A & Class C, N/A for Class X.
   

Currently, withdrawals from PRS funds may be made under the following circumstances permitted by the SC:

You may be required to provide evidence to withdraw moneys from the PRS funds. In relation to: 

• item (c) – we will obtain prior authorization from the PPA before processing the withdrawal.
• item (b), (f) and (g) – you may request for withdrawal once every calendar year from each PRS provider provided you have been a member of that scheme for at least one (1) year. 
• item (b) – we will deduct an 8% tax penalty (or such other applicable tax penalty) from the withdrawn amount before making payment to you. 
• item (f) –withdrawal is only permitted for member’s ownself or immediate family on certain illnesses. 

You are free to withdraw from the PRS fund and without tax penalty upon reaching the Retirement Age*. Please refer to the Disclosure Document for more information on withdrawals. 

* Based on the retirement age of 55 years old specified by the Securities Commission Malaysia under the Guidelines on Private Retirement Schemes. 
 

For more information, you may 

• visit our website at www.principal.com.my
• call our Principal Customer Care Centre at +(603) 7723 7260. 
• chat with us via Whatsapp
• contact your Principal consultant/ retirement specialist

The Principal PRS end-to-end retirement solution is a comprehensive retirement planning solution that caters for both the accumulation phase during your working years, and the decumulation phase after you retire. It aims to provide you with a simple, straight forward, and hassle-free retirement planning journey from the start of your work until you reach retirement. It comprises of the Principal PRS accumulation solution and Principal PRS decumulation solution.
 

The Principal PRS end-to-end retirement solution comprises of the following PRS funds:

 

• Simple
  You can easily select a suitable TDF based on your year of birth. By this, the selected TDF will have a target date that closely corresponds to your expected year of retirement*, and you will be investing in a TDF that offers appropriate risk and return based on your age.
  TDF is designed to be held throughout the investment tenure until you retire. Just pick a TDF that suits your retirement goal and remain invested in the same TDF until retirement.
   
• Straightforward
  You can stay invested in the same TDF until you retire. The TDF’s portfolio automatically rebalances over the years from an aggressive investment mix that focuses mainly on growth (e.g., higher allocation in equities) to a more conservative mix that focuses more on wealth preservation (e.g., higher allocation in debt securities/Sukuk). With that, the TDF will always offer an appropriate risk and return according to your age.
   
• Seamless
  • As part of the PRS end-to-end retirement solution, after the TDF matures on its target date, all members of the TDF will be switched automatically into the Income Fund to begin decumulation journey. This will be a seamless transition from accumulation phase to decumulation phase.
  • Additional benefits
  • Managed by Principal, a global investment and retirement leader with more than 142 years of financial expertise.
  • The TDF and Income Fund offers a diversified portfolio with global exposure. 
  • Incomes generated by all PRS funds are exempted from tax, including the Foreign Source Income (FSI) tax.    You can enjoy personal tax relief of up to RM3,000 for contribution into PRS (effective from year of assessment 2012 to 2025). 
  • You can make nomination for the purpose of easy disbursement of your PRS balance in the event of your demise.

* Based on the retirement age of 55 years old specified by the Securities Commission Malaysia under the Guidelines on Private Retirement Schemes. 
 

The TDF and Income Fund under the Principal Islamic PRS Plus has been certified as being Shariah-compliant by the appointed Shariah adviser:

• Principal Islamic RetireEasy 2060 
• Principal Islamic RetireEasy 2050 
• Principal Islamic RetireEasy 2040 
• Principal Islamic RetireEasy 2030 
• Principal Islamic RetireEasy Income

Yes. As the TDF and Income Fund are PRS fund, you can enjoy personal tax relief of up to RM3,000 for contribution into PRS funds (effective from year of assessment 2012 to 2025), subject to terms and conditions and/or any amendment/modifications as may be imposed/required by the government or relevant authorities from time to time.
 

The Principal PRS accumulation solution aims to help you accumulate and invest your wealth in suitable PRS fund to prepare for retirement.
Under the PRS end-to-end retirement solution, the accumulation solution comprises of the Target Date Fund (“TDF"). 
 

• Diversification
  The TDF contains a diversified mix of investments with different risk levels that change over time based on the Target Date. 
   
• Experienced manager
  Professional investment managers are committed to helping you make informed investment decisions that align with your retirement goals. 
   
• Simple and straightforward
  You only need to invest in a TDF that best suit your retirement profile and maintain a disciplined contribution into the same fund until retirement. 
   
• Hassle-free
  TDF is suitable for investors who do not have the expertise or time to monitor and rebalance their portfolio. With TDF, the diversification and rebalancing will be taken care of automatically and adjusted across the investment tenure to suit your current age, until you retire.
   
• Additional benefits
  • Income earned by the TDF are tax exempted, including the Foreign Source Income (FSI) tax.
  • Tax benefit – You can enjoy personal tax relief of up to RM3,000 for contribution into PRS (effective from year of assessment 2012 to 2025). 
  • Nomination – You can make nomination for the purpose of easy disbursement of your PRS balance in the event of your demise.
     

TDF is a collective investment scheme that is actively managed towards a particular target date. The TDF will invest according to an asset allocation strategy designed for investors who has a retirement goal that is close to the year stated in the name of the TDF. Subsequently, each of the TDF will mature on its target date.
 

Yes, TDF is a fund established under the PRS. 

TDF provides a straightforward and easy way to help you invest in a diversified portfolio that will actively and gradually rebalances over time to become less focused on growth and more focused on wealth preservation. 

In general, TDF would place greater emphasis on growth when it is far away from its target date, and more on stability as it gets nearer to its target date. The portfolio will gradually shift from a more aggressive investments mix (e.g., higher equity allocation) to a more conservative mix (e.g., higher debt securities/Sukuk allocation) as it approaches its target date. 

This gradual shift over time is known as glide path, which determines the ideal asset allocation that rebalances automatically throughout the lifespan of the TDF towards its target date, corresponding with investor’s risk tolerance as they get nearer to retirement.
 

TDF will de-risk gradually over the years as you age nearer to retirement. By investing in TDF that suits your retirement profile, you will always remain invested in a fund that offers suitable risk and return based on your current age. It helps you to achieve a higher growth potential when you are far away from retirement and focuses more on wealth preservation* when you are near to retirement.

* TDF is not a capital guaranteed/ protected fund.

Currently, Principal Malaysia offers a total of 8 TDF:

• Principal RetireEasy 2060 (RE60)
• Principal RetireEasy 2050 (RE50)
• Principal RetireEasy 2040 (RE40)
• Principal RetireEasy 2030 (RE30)
• Principal Islamic RetireEasy 2060 (iRE60)
• Principal Islamic RetireEasy 2050 (iRE50)
• Principal Islamic RetireEasy 2040 (iRE40)
• Principal Islamic RetireEasy 2030 (iRE30)

You may select the most suitable TDF based on your year of birth

By this, you will be investing in a TDF that has a target date that closely corresponds to your year of retirement.

* Based on the retirement age of 55 years old specified by the Securities Commission Malaysia under the Guidelines on Private Retirement Schemes. 
 

• For “Do-It-For-Me” investor, we will place you into one TDF based on your year of birth. 
   
• For “Do-It-Myself” investor, you may select one or combination of TDF based on your retirement goals. Nevertheless, you are encouraged to choose the suitable TDF based on your year of birth and/or retirement goal, so that you will always be invested in a TDF that offers age-appropriate risk and return portfolio as you age towards retirement.
   

You may select the investment option below at your preference. 

i)    Do-It-For-Me (Default Option)
This is the best choice if you are unsure which PRS fund suits you the most. We will place you into one of the PRS core funds below that is most suitable for you based on your year of birth:

• RE60/ iRE60     – Born in year 1996 – 2005
• RE50/ iRE50     – Born in year 1986 – 1995
• RE40/ iRE40     – Born in year 1976 – 1985
• RE30/ iRE30     – Born in year 1968 – 1975
• REI/ iREI           – Born on or before year 1967

ii)    Do-It-Myself
You can select any one or a combination of the PRS funds offered by Principal Malaysia based on your preferred risk and return profile.
 

The TDF seeks to provide sustainable total return and to grow the total investment over the long term.

The TDF are unconstrained in terms of asset allocation and region exposure (i.e., no fixed allocation or weightage in underlying assets or country). The TDF are managed with strategic or long-term asset class targets and target ranges. There is a rebalancing strategy that aligns with the target weights to identify asset classes that are either overweight or underweight. The TDF may shift asset class targets in response to normal evaluative processes or changes in market forces or fund circumstances.

The portfolio will gradually shift from a more aggressive investments mix (e.g., higher equity allocation) to a more conservative mix (e.g., higher fixed income securities) as it approaches its target date. This gradual shift over time is known as glide path, which produces the ideal asset allocation that rebalances automatically throughout the lifespan of the TDF towards its target date, which will correspond with investor’s risk tolerance as they get nearer to retirement.

For Principal RetireEasy 2060/ 2050/ 2040/ 2030
Up to 100% of the fund’s NAV may be invested in collective investment schemes (“CIS”) (including ETF and REITs), equities, debt securities, money market instruments and/or deposits. Notwithstanding, 

• up to 40% of the fund’s NAV may be invested in unrated debt securities; and
• up to 10% of the fund’s NAV may be invested in unlisted securities.

For Principal Islamic RetireEasy 2060/ 2050/ 2040/ 2030
Up to 100% of the fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic deposits.  Notwithstanding, 

• up to 40% of the fund’s NAV may be invested in unrated Sukuk; and
• up to 10% of the fund’s NAV may be invested in unlisted Shariah-compliant securities.

Currently, the TDF will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, we may invest directly into the various asset classes as we deem appropriate, at our discretion.
 

The benchmark is for performance comparison purpose only and the risk profile of the TDF is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for the TDF is:
 
For Principal RetireEasy 2060/ 2050/ 2040/ 2030

For Principal Islamic RetireEasy 2060/ 2050/ 2040/ 2030

As TDF is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the Product Highlights Sheet (PHS), which is available on Principal Malaysia website. Alternatively, Information on the composite benchmark is also available in our monthly fund fact sheets and can be obtained from www.principal.com.my. 
 

The investment holdings and asset allocation of the TDF will be updated in the monthly fund fact sheet, which is made available on our website at www.principal.com.my
 

TDF do not have a fixed risk category. The investment mix of the TDF will be actively adjusted over time until it reaches its target date. The asset allocation will shift from an aggressive mix to a more conservative mix as it gets nearer to the target date. Thus, TDF do not have a fixed risk exposure as it will de-risk over time.

As part of the seamless Principal PRS end-to-end retirement solution, after the TDF matures on its target date, all members of the TDF will be switched automatically into the Principal RetireEasy Income (REI) or Principal Islamic RetireEasy Income (iREI) to begin the decumulation journey. Thereafter, the TDF will be terminated.

Upon reaching the Retirement Age*, 

• you may remain invested in the TDF until its target date. No action is required from you as we will switch you automatically into the Principal RetireEasy Income (REI) or Principal Islamic RetireEasy Income (iREI) after the TDF matures on its target date.
• you may request to switch into the REI or iREI before the TDF matures to start the decumulation journey.
• withdraw your investment proceeds from the TDF.

*Based on the retirement age of 55 years old specified by the Securities Commission Malaysia under the Guidelines on Private Retirement Schemes.

Given the Funds’ objective, the TDF are not expected to pay any distribution. Distributions, if any, are at our discretion and will vary from period to period depending on the performance of the Funds.
 

The Funds are managed by Principal Asset Management Berhad (Principal Malaysia).

Principal Malaysia has appointed Principal Global Investors, LLC (PGI) as the Sub-Manager of the TDF. The Sub-Manager specializes in the global multi asset investment strategies and will be responsible for the investment management function of the TDF in accordance with the TDF’s objective and within the investment parameters, restrictions, and limits. All costs of this appointment will be borne by Principal Malaysia to ensure no additional fee is levied on you.
 

The TDF are suitable for members who:

• wants to invest in a diversified portfolio with global exposure. 
• wants to invest in a portfolio that offers age-appropriate risk and return profile throughout the investment journey.
• aims to achieve decent return while planning for retirement.
• are looking for sustainable return for long term.
• does not have the expertise or investment knowledge to de-risk the portfolio.
• does not have the time and discipline to continuously monitor and rebalance their portfolio over time.
• wants a simple and straight forward investment suitable for retirement.

• For “Do-It-Myself” investor, you have the option to switch your existing contributions from any of the Principal Malaysia’s PRS funds into the TDF.
• For “Do-It-For-Me” investor, you will need to change your investment option to “Do-It-Myself” to perform any switching.
   

• For “Do-It-Myself” investor, you may switch between TDF with different target date (e.g., from Principal RetireEasy 2050 to Principal Islamic RetireEasy 2030, or from Principal RetireEasy 2040 to Principal RetireEasy 2060 etc.). 
• For “Do-It-For-Me” investor, you will need to change your investment option to “Do-It-Myself” to perform any switching.
   

• For “Do-It-Myself” investor, you have the option to switch your existing contributions from any of the Principal Malaysia’s PRS funds into the Income Funds.
• For “Do-It-For-Me” investor, you will need to change your investment option to “Do-It-Myself” to perform any switching.

As part of the seamless Principal PRS end-to-end retirement solution, after the TDF matures on its target date, all members of the TDF will be switched automatically into the Income Funds to begin the decumulation journey. 

No. Currently RWP is only offered under the Principal RetireEasy Income (REI) and Principal Islamic RetireEasy Income (iREI) fund for investors aged 55 years old and above. Please refer here for more details on RWP.
 

We will send the following communications to you with regards to your investments:

• statement of account every half-yearly.
• notification letter before you reach Retirement Age.
• notification letter after we switch you into the REI or iREI after the TDF matures (where applicable).

Notwithstanding, you may also check your latest account balance through:

• Principal Online at https://online.principal.com.my; or
• PPA PRS Member Portal at https://www.prsmember.my/login.    
   

You may view such details here.

The Principal PRS Decumulation Solution It enables you to customize your withdrawal and continue to grow your PRS for your post-retirement need.
The Principal PRS Decumulation Solution comprises of 2 components:

• Regular Withdrawal Plan (RWP) 
  Let you customize and schedule withdrawals based on your goals and cash flow needs.
   
• Funds 
  The Principal RetireEasy Income (REI) and Principal Islamic RetireEasy Income (iREI). 
  Helps you to continue grow your PRS balances, so that it can prolong the sustainability of your account balance after retirement.

• Regular Withdrawal Plan (RWP) 
  • Customization – You may customize and schedule the withdrawals based on your post-retirement cash flow need.
  • Convenience – The withdrawal proceeds will be transferred automatically to your bank account.
  • Ease of setting up – One-off application to schedule for multiple future withdrawals.
     
• Principal RetireEasy Income or Principal Islamic RetireEasy Income (Funds) 
  • Dedicated funds designed to suit retiree’s need
  • Help investor to continuously grow their remaining fund balance while they withdraw from the Funds to support post-retirement needs.
  • Choice of conventional or Islamic funds 
  • Funds are unconstrained in asset allocation with global exposure
  • Funds offer a controlled risk and return profile.
  • Managed by Principal, a global investment and retirement leader with more than 142 years of financial expertise.
     
• Additional benefits
  • Income earned by the Funds are tax exempted, including the Foreign Source Income (FSI) tax.
  • Tax benefit – You can enjoy personal tax relief of up to RM3,000 for contribution into PRS (effective from year of assessment 2012 to 2025). 
  • Nomination – You can make nomination for the purpose of easy disbursement of your PRS balance in the event of your demise.
     

The Fund seeks to provide sustainable total return and to grow the total investment over the long term.

The Funds are unconstrained in terms of asset allocation and region exposure (i.e., no fixed allocation or weightage in underlying assets or country). The Funds are managed with strategic or long-term asset class targets and target ranges. There is a rebalancing strategy that aligns with the target weights to identify asset classes that are either overweight or underweight. The Fund may shift asset class targets in response to normal evaluative processes or changes in market forces or Fund circumstances.

For Principal RetireEasy Income:
Up to 100% of the Fund’s NAV may be invested in collective investment schemes (including exchange-traded funds (ETF) and real estate investment trusts (REITs), equities, debt securities, money market instruments and/or deposits. Notwithstanding,

• up to 40% of the Fund’s NAV may be invested in unrated debt securities; and
• up to 10% of the Fund’s NAV may be invested in unlisted securities.

For Principal Islamic RetireEasy Income:
Up to 100% of the Fund’s NAV may be invested in Islamic collective investment schemes (including Islamic exchange-traded funds (ETF) and Islamic real estate investment trusts (REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic deposits. Notwithstanding,

• up to 40% of the Fund’s NAV may be invested in Unrated Sukuk; and
• up to 10% of the Fund’s NAV may be invested in unlisted Shariah-compliant securities.

Currently, the Funds will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Funds may invest directly into the various asset classes it is deemed appropriate and at the Manager’s discretion.
 

The performance of the Funds cannot be compared directly with any specific publicly available benchmark. However, the Funds have the following target return:

For Principal RetireEasy Income:
4.0% - 5.0% per annum over rolling 5-year

For Principal Islamic RetireEasy Income:
3.5% - 4.5% per annum over rolling 5-year

Please note that the Funds’ benchmark is for performance comparison purpose only and the risk profile of the Funds is not the same as the risk profile of the benchmark. The target return above were set based on current market environment and asset allocation mix. As the Funds are a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the Product Highlights Sheet (PHS), which is available on our website at www.principal.com.my.
 

The Funds have a risk category of "Moderately Conservative".

Given the Funds’ objective, the Funds are not expected to pay any distribution. Distributions, if any, are at our discretion and will vary from period to period depending on the performance of the Funds.

The Funds are managed by Principal Asset Management Berhad (Principal Malaysia).

Principal Malaysia has appointed Principal Global Investors, LLC (PGI) as the Sub-Manager of the Funds. The Sub-Manager specializes in the global multi asset investment strategies and will be responsible for the investment management function of the Funds in accordance with the Funds’ objective and within the investment parameters, restrictions, and limits of the Funds. All costs of this appointment will be borne by us to ensure no additional fee is levied on the Members.
 

The Funds are suitable for Members who:

• wants a decumulation solution that is straightforward and easy to understand.
• wants to invest in an Islamic fund that offers appropriate risk and return (i.e., moderately conservative) for retirees.
• wants a portfolio that invest in multi assets globally.
• have reached Retirement Age (i.e., 55 years old and above) and require a steady stream of income from enrolling in Regular Withdrawal Plan (RWP).

Under the Do-It-For-Me (Default Option), the Funds are selected for Member who are born on or before year 1967.
 

Yes. Subject to our absolute discretion, you have the option to switch your existing contributions into any of the Principal Malaysia’s PRS funds into the Funds.
 

You may view such details here

RWP allows Eligible Members to customize and schedule the withdrawal arrangement based on your post-retirement cash flow need. You may schedule to receive a pre-determined amount of withdrawal proceeds at your preferred frequency.
 

Members of the Principal RetireEasy Income & Principal Islamic RetireEasy Income (“Funds”) who are 55 years old and above (“Eligible Members”).
 

There are 2 Options available for selection:
Option 1:
Fixed Amount until proceeds depleted + RWP Frequency (monthly, quarterly, semi-annually or annually)

Option 2:
Fixed number of payment until proceeds depleted + RWP Frequency (monthly, Quarterly, semi-annually or annually) 

After the RWP is successfully enrolled, the RWP payment will be transferred automatically to your bank account on schedule.

Below is the illustration of the RWP for reference:
Illustration: Option 1 – Fixed Amount
Assumption
You have an account balance of RM100,000 and wish to withdraw RM1,000 monthly.
Account balance          : RM100,000
RWP amount               : RM1,000
Frequency                   : Monthly
Estimated fund return  : 4%*
RWP start date            : May 2022

Estimated Outcome
You may receive RM1,000 on a monthly basis starting from May 2022 until May 2032 (estimated a total of 121 RWP payments).

Illustration: Option 2 – Fixed No. of Payments
Assumption
You have an account balance of RM100,000 and wanted to receive 20 payments semi-annually.
Account balance         : RM100,000
RWP no. of payments : 20
Frequency                   : Semi-annually
Estimated fund return  : 4%*
RWP start date            : Aug 2022

Estimated Outcome
You may receive RM6,115.67 semi-annually over 20 payments starting from Aug 2022 until Feb 2032.

Note: This is an illustration only and does not constitute as the final outcome. The actual RWP payment amount (RM) and/or no. of payments may differ from the illustration as they are dependent on the actual data, which includes but not limited to your actual account balance, Fund performance etc.

*The fund return is shown for illustration purpose only. There is NO GUARANTEE on the investment which includes your investment capital and returns, nor any assurance that the fund’s investment objective will be achieved.

Your account must have sufficient balance to sustain for at least three (3) RWP payments. The RWP payment amount is calculated based on your account balance of the day we process the RWP application. The amount will be fixed throughout the tenure (except for final RWP payment, where it may differ depending on your remaining account balance.). 

However, please note that your RWP arrangement may be affected if you perform additional withdrawal from the Fund, i.e., the number of RWP payments may be reduced due to the decreased account balance. You are advised to review your RWP arrangement to ensure that it is always updated to match with your goals and needs.
 

Yes. The RWP is subject to the minimum withdrawal amount as disclosed in the Disclosure Document of the Funds.

Yes, you have the full flexibility to make additional withdrawals as you wish. Withdrawals can be made by completing the PRS Withdrawal Form and submit it to the relevant distributor or Principal’s head office.

Your RWP arrangement may be affected if you perform additional withdrawal from the Fund(s). You are advised to review your RWP arrangement to ensure that it is always updated to match with your goals and needs.
 

Yes, you may top up your contribution into the Funds by submitting the complete PRS Contribution Form to the relevant distributor or Principal’s head office. Otherwise, you may also perform top-up through the PPA PRS Members Portal at https://www.prsmember.my. 

You are advised to review your RWP arrangement if you perform any transaction (including top-up to the Funds) to ensure that it is always updated to match with your goals and needs.
 

You may apply by submitting the complete PRS Regular Withdrawal Plan Form to the relevant distributor or Principal’s head office.

The cut-off time for RWP related applications (i.e., enrollment, cancellation/ change of instruction) is by 12:00pm on the 10th calendar day of the month ("Cut-Off Time"). 

The relevant forms (i.e., PRS Regular Withdrawal Plan Form, PRS Change of Instruction Form) must be submitted to Principal by the Cut-Off Time immediately preceding the month you wish the RWP instructions to commence and/or take effect. 
 

If we received the form after the Cut-Off Time, you will be deemed to have submitted the form on the subsequent calendar month. The RWP instructions will only take effect in the subsequent month.

Applications before/on Cut-Off Time
Illustration 1
You want to enroll in RWP to withdraw RM5,000 annually. You have submitted the PRS Regular Withdrawal Plan Form to Principal on 9th May 2022, which is before the Cut-Off Time. As such, your first RWP payment will start in May 2022. 

Illustration 2
You want to change your RWP frequency from annually to monthly. You have submitted the Change of Instructions Form to Principal on 1st June 2022. As we have received the application before the Cut-Off Time, the revised instruction will take effect in June 2022, and you will expect the monthly RWP payment starting June 2022.

Applications past Cut-Off Time
Illustration 1
You want to enroll in RWP to withdraw RM1,000 monthly. You have submitted the PRS Regular Withdrawal Plan Form to Principal on 15th May 2022, which is after the Cut-Off Time. As such, your first RWP payment will only start in June 2022. 

Illustration 2
You want to change your RWP frequency from quarterly to monthly. You have submitted the Change of Instructions Form to Principal on 22nd June 2022. As it has past the Cut-Off Time, the revised instruction will only take effect in the following month, i.e., June 2022, and you will only expect the monthly RWP payment starting July 2022.
 

Only one (1) RWP can be set-up for each Fund at any point in time.

Yes, you may change your RWP arrangement to suit your current need. Simply complete the PRS Change of Instructions Form and submit the same to the relevant distributor or Principal’s head office.

The updated RWP instruction will be processed as new application and replace the existing RWP arrangement. The completed form must be received by us by the Cut-Off Time immediately preceding the month you wish the revised RWP arrangement to take effect. If we received the form after Cut-Off Time, you will be deemed to have submitted the form on the subsequent calendar month.
 

Currently, Principal do not charge any fees or charges on RWP arrangement. However, any applicable bank charges and other bank fees incurred as a result of RWP withdrawal by way of telegraphic transfer or other special payment method will be charged to you.
 

A confirmation advice will be sent to you 

• within three (3) business days upon successful RWP application/ cancellation.
• within fourteen (14) days after RWP payment is made to your account. 

You may also view your latest RWP status in Principal Online at https://online.principal.com.my.   
 

• The RWP will be terminated automatically if:
  • Your fund account is zeroized (e.g., upon completion of RWP, you performed full withdrawal from account etc.); and/or
  • after six (6) failed remittance transactions.
• If your account balance falls below the minimum withdrawal amount as disclosed in the Disclosure Document of the Funds, the remaining proceeds in your account may be withdrawn automatically and we will return all proceeds to you.