Benefits of PRS
PRS not only benefits employee/individual but also employers. Let’s look at the general benefits of PRS:-
a) Supplements retirement savings
PRS complements the Employees Provident Fund (EPF) and alleviates the concentration risk from other investment platforms to help you safeguard your retirement fund.
b) Provides tax relief
Both employee and employer get to enjoy annual tax relief.
c) Provides flexibility
You have a choice of investing and switching between funds based on your risk appetite and investment profile.