AIA Private Retirement Scheme

Why AIA Private Retirement Scheme?

AIA Pension and Asset Management Sdn. Bhd. (APAM) is the provider for AIA Private Retirement Scheme (PRS) which is an approved pension scheme governed by the SC. 

We are a wholly owned subsidiary of AIA Bhd., a leading insurer that has been serving Malaysia for over 70 years. AIA Bhd. is part of the AIA Group, the largest independent publicly listed pan-Asian life insurance group with a presence in 18 markets in Asia-Pacific.

Our ability to tap into the expertise and deep regional insights offered by AIA Group, coupled with our solid experience in managing retirement schemes, have made APAM one of the leading PRS providers in Malaysia today. Our total asset under management as of end December 2023 was RM1.1 billion.

We are a long-term investment specialist, offering a selection of conventional and Shariah-compliant funds that not only complement AIA’s comprehensive suite of products, but also provide life planning solutions that look after our customers’ retirement savings needs. 

Benefits

• A boost to your retirement savings and complements your Employees Provident Fund (“EPF”).

• Flexibility in the choice of funds to invest and switch based on your risk appetite and investment profile. Invest as and when you wish; no fixed amounts or fixed intervals.

• Tax benefit

• Enjoy individual tax relief up to RM3,000 per assessment year. This tax incentive is applicable for Year Assessment 2012 until Year Assessment 2025.

• Employers enjoy tax deduction of up to 19% of the total employees’ remuneration which is inclusive of the mandatory employer’s contribution to the EPF.

• Income received from PRS is tax exempted.

• Affordable with a minimum investment of RM100.

• Retirement solution for everyone. PRS is available to all Malaysians and foreigners residing in Malaysia aged 18 and above, who are either employed or self-employed with no EPF. 

• Employee Retention Plan. PRS can serve as part of a retention benefit package for employers to attract and retain talented employees.

• Members’ interests are protected by the PRS Scheme Trustee and Private Pension Administrator Malaysia (PPA). 

• Nomination option for beneficiary.