RETIREMENT is a word that brings both hope and questioning. For retirees in Malaysia, three main concerns often emerge: Is the Employees Provident Fund (EPF) sufficient for retirement? Should I save more? And how can I grow my retirement savings?

Although EPF provides a solid foundation, relying on it alone may not be enough.

As a backup, many Malaysians are turning to Private Pension Schemes (PRS) – a voluntary savings plan that not only helps grow their retirement funds but also offers the added benefit of tax relief for an extra financial boost.

However, navigating the world of PRS often leads to new dilemmas: which PRS fund is best? How much risk should I take? How do I balance my investments?

With Principal Malaysia, part of the world-renowned Principal Financial Group, finding answers to these questions has become easier.

Their “RetireEasy” series includes a range of target date funds – a simple, optimized solution for retirement planning.

Integrated into the Touch ‘n Go eWallet app (TNG eWallet app), saving for retirement is now transparent, secure and tailored to your needs.

Planning your retirement made easy

Principal Malaysia is the only PRS provider in Malaysia to offer Target Date Funds (TDF).

This lifecycle-based fund offers a hands-free approach to retirement investing, using a formula called a graduated asset allocation path that scales with age.

In your younger years, investments shift toward high-risk, growth-oriented strategies to maximize returns.

As retirement approaches, the strategy gradually shifts toward more conservative investments, thereby reducing risk and protecting your nest egg.

This automated approach ensures that your portfolio adapts to your changing financial goals without the need for constant adjustments.

Investors can now invest in PRS with principal via the TNG eWallet app.

Starting with a minimum contribution of just RM100, users can choose between sharia-compliant or conventional funds to suit their preferences.

Contributions are simple and flexible, whether made via the TNG e-wallet or online banking via FPX.

And these are simple steps to start your first PRS investment journey with Principal through TNG eWallet. Here’s how to get started:

1. Open the TNG eWallet app

2. Click on the GOfinance section

3. Select “Investment”, then select “Principal”

4. Select “Withdrawal”

5. Start your eKYC verification process and perform a risk assessment

6. You are ready to invest!

The app’s intuitive design also allows Malaysians to effortlessly enhance their mandatory EPF savings with additional retirement investments, thereby promoting a financially secure future.

Score more with Laburia

To sweeten the deal, investors can earn up to 8%* cashback when you invest through the Principal Retirement and Investment feature via the TNG eWallet app.

The Laburia promotion offers two attractive cashback levels for investors:

> Tier 1 Reward: Earn 5%* per annum for 30 days cashback in TNG e-wallet top-up PIN when you invest a minimum of RM100 in any of the participating Principal Invest & Retire funds.

> Tier 2 Reward: Earn 8%* per year for 30 days of cashback via e-Mas if your total investment reaches RM30,000 or more.

Ready to take advantage of this simple yet powerful way to build wealth and earn reward?

Start investing a minimum of RM100 with capital via TNG eWallet before December 31, 2024.

You don’t need to remember a campaign code: all you have to do is invest and you’re automatically entered into these rewards.

With accessible investment options, rewards and expert management through Principal Malaysia, growing your wealth has never been easier or more rewarding.

To find out more, click here

*Terms and conditions apply

Disclaimer:

You are advised to read and understand the Prospectus, the Information Memorandum and/or the relevant Information Document, including any supplements thereto, as well as the Product Presentation Sheet (if applicable) before to invest. Among other things, you need to consider the fees and charges involved. Registration of the relevant prospectus, information memorandum and/or information document, including any supplements thereto, and product disclosure sheet (if applicable) with the Securities Commission Malaysia ( SC) does not mean or indicate that the SC recommends or approves funds. A copy of the relevant prospectus, information memorandum and/or information document, including any supplement thereto, as well as the product presentation sheet (if applicable) may be obtained from our offices, from our distributors or our website at www.principal.com.my. The issue of any shares to which the Prospectus, the Information Note and/or the relevant Information Document relates will only be carried out upon receipt of a request mentioned in and accompanying a copy of the Prospectus, the Note of Information and/or the Information Document concerned. Please note that investments in applicable mutual funds, wholesale funds and/or private pension plans involve risks. An overview of the various risks involved is described in the relevant Prospectus, Information Memorandum and/or Information Document. As an investor, you should make your own risk assessment and seek professional advice, if necessary. The Securities Commission of Malaysia does not review advertisements produced by the principal.