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What are the fees charged by the PPA? What is PPA?

  • PPA account opening fee: RM10
  • PPA annual fee: RM8 (Waived, effective 1 Jan 2021 until further notice)
  • PPA pre-retirement withdrawal fee: 8.00% tax penalty on the amount withdrawn (before 55 years old)
  • Annual PPA administration fee (accrued daily based on the NAV of the fund and paid monthly): 0.04% of the fund’s NAV

 

Private Pension Administrator ('PPA') is regulated by the SC. PPA aims to promote efficiency and convenience to the PRS members through its functions.

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