Important Notice:

Effective 1^st October 2025, under Phase 2, the Malaysian Government has further expanded Sales and Service Tax (“SST”) on specific fees and charges that PRS providers and Asset Management Companies (including APAM Sdn. Bhd.) charge to customers. This is also consistent with the media statement from the MOF issued on 9^th June 2025.

SST will be applied at a rate of 8% to applicable fees and charges as prescribed by MOF, unless they are specifically exempted. The guide is available on the Royal Malaysian Customs Department (“RMCD”) website.

At the time of publishing, the transactions which will be affected by SST includes, but is not limited to:

1. The upfront sales charge (up to 3%) imposed on your contribution into any of the APAM PRS Funds
2. Transfer out fees
3. Switching out fees

For more details on the SST implementation please visit the RMCD/Customs MySST website and refer to > Guide on Financial Services”.