AIA PRS
Your worry-free and better retirement starts here.
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{{label}}What is Corporate PRS?
Take your organisation’s employee retention programme a step further through Corporate PRS. As an employer, you can use PRS to boost your employees’ remuneration benefits through making voluntary contributions to their retirement fund on top of the mandatory Employees Provident Fund (EPF) contribution. This will enable your organisation to play an active role in looking after your employees’ financial wellbeing, helping them plan for the future and ensuring that they have adequate savings when they retire.
Benefits
An effective talent retention tool that rewards loyalty of service.
Flexibility to structure the compensation package that would suit both employer’s and employee’s needs.
Encourage better work performance.
Instil a work environment that is only more positive, but productive as well.
Be an employer of choice by supplementing your employees’ retirement savings.
Enjoy maximum tax relief by increasing contributions up to 19% of your employees’ salary above the mandatory EPF contributions.
Options In Making Contribution
You can help shape a better future for your employees by helping them to contribute to their PRS by:
Sign up for contribution through AIA PRS Salary Deduction in which your contribution will be automatically deducted by your HR.
Channelling excess EPF Employer contributions to PRS on your employee’s behalf to maximize your company’s tax savings (EPF Redirection).
Making contributions through AIA PRS Vesting Scheme whereby the entitlement will only be vested based on the employees’ terms of service.
Matching the employees’ PRS contributions as a form of goodwill and incentive.