corporate prs slides - july 2014 pdf

8/10/2019 Corporate PRS Slides - July 2014 PDF

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CIMB A M B ()

J 2014

u ng a e remen - ea yWorkforce

Plan with us now.


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C

E

1 & I

2 B E

3 B E

4 C A

5 I

A

D

2


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M : C

Self employed ,

2.0m

Public service,

1.3m

Employed -

Others, 9.8m

Unemployed,15.4m

Some drawbacks also prevail

Insufficient coverage: 2-3million self- employed/ informal

industryHigh leakage (housing loans,medical etc.)

Inadequate savings: most

3

Whilst EPF is a successful model

Comprehensive coverage foremployed sector High mandatory contribution rate Consistent dividend/returns

EPF members exhaust theirlump sums within 3-5 years

Long life expectancy of 80years and beyond

Source: Department of Statistics Malaysia; EPF Annual Report


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EF

( ) 2012

It is r C (C) & A ( A)

EF

M

G 2.5% N

M

F

C

N

N I I

:

A 2

:

1 A B 30% 8%


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I : D L M

80

100

%

Income replacement ratio: % of income required by a retiree to maintain a desired standard of living during the

retirement years a successful retirement plan requires 2/3 of employees to have a ratio of 75%.

70% is the idealincome replacementratio

Malaysians with a 30-year working tenure will generate only a

: ., '' , F 2009.

0

20

40

60

20 25 30 35

I

C

M

income replacement ratio from EPF of 30% - 40% at retirement.

There is a gap of 40% that needs to be funded either from theemployer and/or the employee or by extending the workinglife.


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EF: D A

Average EPF savings achieved by an active member at age 54 is RM166,650*

A

M

E

F

EF

M3,000 4.6

M4,000 3.5

M5,000 2.8

Reliance on EPF will provide memberwith RM 926* per month to spend

until retirement*Slightly above the poverty line of RM800

75 **60

YEARS IN

RETIREMENT

\Source: The EPF Annual Report, 2013

** Source: The Department of Statistics 2013

OR


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1 F & I


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B ACCONA

B ACCONB

A B (30%)

:

A 1

: D

M

L

, 8%

M

8


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For Your Young Employees: RM500 PRS Youth Incentive

M D N (25 2013)

. ,

.

M210 ,

M500 20 30 1 J 2014.

5 2014 2018 420,000 .

Were young butwere retirement-

ready!


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I M500

E ( 2014 2018)

G CN A

For Malaysians only

20 years

< 31

years

At the time the member reachesthe minimum gross contributionof RM1,000 within a calendar

year*

RM1,000 in a singlefund of a PRS

Provider

*Please ensure contribution at least 1 month before 31stbirthda to allow a lication to be rocessed in time to

C M E CA M

NewPRS Member

ExistingPRS Member

Lump SumRM1,000

MonthlyContributions

RM83.34 x 12month

OR

Employercontributions are

excluded from thisincentive programOR

RM500 contribution is only paid ifthe youth has saved RM1,000within a calendar year.

be eligible for the RM500 incentive.

Source: Private Pension Administrator website 10


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2B E


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E H ?

A 19%

*

H

A

C EF

EF

C

E

C E

* 19% EF

M B

M

12


13/30

3B E


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B E

( M50)

E M3,000 10 *

A . C

1

F

Assuming you do not contribute to deferred annuities, contributing to PRS PLUS can grant tax relief of up to RM3K p.a. on acontinuous basis for a period of 10 years from year of assessment 2012

3% ,


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C M E

O

M3K*

Salary Deduction: any amount subject to min of RM50 per month will be deducted monthly

15

amoun can e rev se upwar s

Cheque/bank draft:can issue cheque/bank draft in addition to salary deduction onad-hoc basis, anytime

Direct Debit:

*Assuming you do not contribute to deferred annuities, contributing to PRS PLUS can grant taxrelief of up to RM3K p.a. on a continuous basis for a period of 10 years from year of assessment2012


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4

A?


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C A

L F C 5 5 I 4

BF 1

B

.

40% J FG FG , F500

E I

13

M F

F

CAM .

A L

A

D

CAM M50.00

.

M50 10


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5

I O


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AGE OION

C I

F C

19

80% , 20%

CIMB

CIMB I

CONEAIE

50

40% , 60%

CIMB

CIMB I

MODEAE

40 < 50

30% , 70%

CIMB

CIMB I

GOH

< 40

,

.


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F

C F I F

CIMB C CIMB I C

CIMB M CIMB I M

CHOICEOION

C

,

.. A

O

M F

F

C

,

.. A

O

CIMB EE 70% 99.8%

CIMB I ECIMB I DALI E G M. 95%

CIMB A EJ ECIMB A D I

M.95%

CIMB I A EJ ECIMB I A E M. 95%

17


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C E I E

M 100 M 36,000

30 M100

200 M 48,000

40 M200

M 400 M 48,000

50 M400

21

A

= M 100,452 (6%)

= M 349,496 (12%)

= M 1,110,041 (17%)

A

= M 92,408 (6%)

= M 197,851 (12%)

= M 398,932 (17%)

A

= M 65,552 (6%)

= M 92,015 (12%)

= M 124,490 (17%)

F I O:

E = 6 % , 12% 17% .

= 60


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Sarah

C 10%

C

$180,679

A EAL IME I MONE

AKE ACION

$35,000, 3.5% , 10% 7%

, . E 4.5

. .

. I . . .

John

10

10%

C

$139,619


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LOOKED A ANOHE A

AKE ACION I 1 I 2

12345

6789

101112

$2,000$2,000$2,000$2,000$2,000

$2,000$2,000$2,000$2,000$2,000

$0$0

$0$0$0$0$0

$0$0$0$0$0

$2,000$2,000

141516171819202122

2324252627282930

$0$0$0$0$0$0$0$0$0

$0$0$0$0$0$0$0$0

,$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000

$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000

I

E

$20,000

$145,845

$40,000

$98,845

$2,000 8% . .

.


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E: 1

PRS Ambassador

A

OM

C

Power to influence anddrive change amongMalaysians, towards:

Financial Literacy and

Security

Navigate Shift Toward Eraof Personal Responsibility

Shape employees goldenyears


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HO CAN O BE A ONG AMBAADO?

B ! , ,

LNG A.

OF CHOICE

E .

C !

.

.

G L


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6

F


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C 3%

A O F CIMB M 40

A O F A M 10

CIMB A M 1.40%

0.04%

A F A (A) 0.04%

B

CIMB

A F

1.48% +

M8

F

( & ) M 8

F M75 ( CIMB)

( ) M25 ( A)

F ( ) M25 + 8%

O F

27


28/30

D


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D

F ' .

D D C M (C):

CIMB D D 12 N 2012

CIMB I D D (C ) 12 N 2012

D D

D D . A D D D D,

. D D CIMB A

M B .

. .

, , .

29

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CIMB M(I F , / ,

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CIMB G(I F , / ,

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, /, .)

CIMB A E J E (I F F C . F , / ,

, , , ,

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30/30

D

CIMB I C(I F , / , *, .)

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CIMB I G(I F , / , *, , , , /

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CIMB I A E J E(I F F C . F , , ,

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,

F.

30

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