Mission 5 · Withdraw, switch, tax
PRS Versa for tax relief
PRS tax relief up to RM3,000 a year until YA2030. Work out how much you save, the 6 Versa PRS funds, PPA fees, when you can withdraw, and the 31 December deadline.
Quick answer
- PRS contributions qualify for relief up to RM3,000 a year until YA2030. Your actual saving depends on your tax bracket.
- Money for retirement: Account B can be withdrawn after a year but faces 8% tax if you're under 55.
- Contributions must go in before 31 December. Claim it next year during e-Filing.
What you need
- An estimate of this year's chargeable income
- A verified Versa account
- Money you're willing to lock away for retirement
What PRS is
Private Retirement Scheme (PRS)A voluntary retirement scheme with tax relief of up to RM3,000. (Private Retirement Scheme) is a voluntary retirement scheme, like a top-up to EPF. The government gives tax relief to encourage people to save for retirement. On Versa, there are 6 PRS funds managed by AHAM: Growth, Moderate and Conservative, each with a Shariah version.
How much you save
Relief isn’t a direct tax deduction. Relief lowers your chargeable income. So how much you save depends on your marginal tax rate. Enter your own numbers:
How much tax does PRS save?
Enter your chargeable income (after all other reliefs) and your PRS contribution.
Estimated tax saved (YA2025)
RM330.00
Claim this relief next year when you file e-Filing (form BE).
Contributions must go in before 31 December. A cash-in takes 2 business days, so do not wait for the last week.
Under 55: PRS account B money can be withdrawn after a year but is taxed 8%. Treat this money as retirement money.
Estimate based on the LHDN table Versa publishes; follow your actual tax statement.
As a rough guide (marginal rate × RM3,000): the 1% bracket saves RM30, 3% saves RM90, 6% saves RM180, 11% saves RM330, 19% saves RM570, 25% saves RM750, and 30% saves RM900. The calculator above is more accurate because it works out your full tax before and after, including the RM400 rebate for chargeable income of RM35,000 and below.
Important terms before you join
Your money is locked for retirement. Every contribution is split PRS contribution split: 70% sub-account A, 30% sub-account B. Account B can be withdrawn after a year, but PRS early withdrawal tax: 8% (account B, after one year, under age 55) is charged by LHDN. No 8% penalty if: you’re 55 or above, it’s for housing or medical purposes (Account B), or permanent disability, critical illness and mental disability (Account A and B). All withdrawals go through email to support@versa.com.my.
Fees. PRS fees: 0% sales charge, management 1.30% to 1.80%, PPA RM8 a year on subsequent-year contributions, RM25 per provider transfer. The RM10 PPA account-opening fee is currently waived.
Relief period. PRS tax relief: up to RM3,000 a year, until YA2030.
Follow each screen
01/04
Open the Retirement section
Six PRS funds are here: Growth, Moderate, Conservative and their Shariah versions.
- Open the Retirement section. Six PRS funds are here: Growth, Moderate, Conservative and their Shariah versions.
- PPA notice. The first time, a PPA (Private Pension Administrator) account is opened for you. The RM10 opening fee is waived.
- PRS cash-in. Choose a PRS fund and type the amount, RM100 minimum. For this year's relief, make sure the money goes in before 31 December, and allow for processing time.
- Sub-accounts A and B. Each contribution splits 70% into account A and 30% into account B. Account B can be withdrawn after one year, with an 8% tax if you are under 55.
Deadline: don’t wait until the last week
Relief is counted by the year the contribution goes in. Cashing in takes time to process (day T after the cut-off, then business days), so if you cash in on the night of 31 December, it might get processed the following year. Aim for mid-December at the latest. Use the timing calculator to check:
When will my money arrive?
Choose the transaction, fund, date and time. The calculator counts business days using Versa's official schedule.
Shows in the app: Mon, 21 Sep 2026
- 1Wed, 16 Sep 2026You submit the request · 14:00
- 2Thu, 17 Sep 2026Versa processes it (day T)Wed, 16 Sep 2026 is a public holiday (Malaysia Day).
- Mon, 21 Sep 2026Shows in the app (T+2)
Estimate based on Versa's official schedule. Your bank may be slower.
National public holidays only. State holidays differ by state and can add 1 business day.
The calculator uses the Versa Cash cut-off schedule (3pm) as an estimate for PRS. Actual PRS processing time depends on Versa and PPA.
Statements and claiming tax relief
AHAM and PPA send PRS statements every half year. If you need a statement for e-Filing, request one from AHAM at 1-800-88-7080 or customercare@aham.com.my. Claim the relief in next year’s form BE, under the PRS contribution relief section.
Versa’s PRS bonus
The Versa Retirement page mentions an RM50 bonus for investing in PRS through Versa, and there’s a Retirement Booster Quest. The current terms haven’t been confirmed by Daus, so check the quest page in the app before you count on it.
10% Save Booster Quest (September joiners)
1 Sep 2026 – 30 Sep 202613 days left to join
- Who
- New accounts created between 1 and 30 Sep 2026.
- Task
- After your account is approved, set up an Auto Save of RM500 or more a month into Versa Cash or Cash-i (a mix is fine). The plan must be created by 26 Nov 2026 and keep running every month.
- Reward
- 10% p.a. on that RM500 auto-saved amount only (not your whole balance), for 3 months from your first plan.
- The catch
- The 10% applies to RM500, so it is roughly RM4 a month. Pausing or deleting the plan pauses the bonus. Versa pays the gap between 10% and the base rate.
+2% Ajak Buddy Quest
14 Sep 2026 – 14 Oct 202627 days left to join
- Who
- All verified Versa users.
- Task
- Tap Join in the Quests tab. Then invite at least one friend to sign up with your code. Your friend must get verified and make a first cash-in of RM100 or more into any Versa product (PRS included), and that cash-in must show in their app before 14 Oct 2026.
- Reward
- An extra +2% p.a. on the first RM10,000 of your Versa Save balance for October 2026, plus the usual RM10 referral reward. Your friend gets RM10.
- The catch
- Verification usually takes 2 to 4 business days, so a friend who signs up in the last week may not make it. The booster only counts days when your Save balance is RM1,000 or more.
Versama-sama Quest
1 Jan 2026 – 31 Dec 2026105 days left to join
- Who
- Existing Versa users with a Versa Save balance (Cash or Cash-i).
- Task
- Invite friends who have never had a Versa account to sign up with your code. Your friend must get verified and make a first cash-in of RM100 or more into any Versa fund within the quest period.
- Reward
- +0.5% p.a. nett on the first RM10,000 of your Versa Save balance for each successful referral. Up to 10 referrals a month, so the booster tops out at +5.0% p.a.
- The catch
- The booster is credited the month after the referral succeeds, into whichever of Cash or Cash-i has the higher balance. Friends who ever had a Versa account (even a closed one) do not count.
2026 Invest Booster Quest
8 Jan 2026 – 8 Feb 2027144 days left to join
- Who
- All verified users.
- Task
- Set up an Auto Save of RM500 or more a month into eligible Versa Invest funds (17 funds). In months when that Auto Save succeeds, any fresh funds you add to Invest (Auto Save included) earn the booster.
- Reward
- +0.6% p.a. on fresh funds into Invest, no cap, paid the following month into Versa Save.
- The catch
- Invest funds can fall in value. A 0.6% booster does not cover losses when markets drop. Switches inside Versa are not fresh funds.
2026 Save Booster Quest (+0.2% p.a.)
8 Jan 2026 – 8 Feb 2027144 days left to join
- Who
- Existing verified Versa users.
- Task
- Set up one or more Auto Save plans into Versa Save (Cash or Cash-i) totalling RM500 or more a month. In months when that Auto Save succeeds, manual cash-ins made after the deduction also count as fresh funds.
- Reward
- +0.2% p.a. on eligible fresh funds, no cap, credited the following month into whichever Versa Save product has the higher balance.
- The catch
- 0.2% is small: on RM10,000 of fresh funds it is roughly RM1.67 a month. Each month has an Auto Save setup deadline (for October 2026: 25 Sep, 3 pm), so setting it up late means that month does not qualify.
2026 Retirement Booster Quest (2% cashback)
1 Feb 2026 – 31 Dec 2027470 days left to join
- Who
- Users who did not cash out from any PRS product through Versa in 2025.
- Task
- Set up an Auto Save of RM250 or more a month into a PRS fund in Versa Retirement (PRS Growth, Growth-i, Moderate, Moderate-i, Conservative or Conservative-i). Manual cash-ins do not count.
- Reward
- 2% monthly cashback on up to RM250 of your Auto Save (at most RM5 a month), credited the following month into your PRS fund with the highest balance.
- The catch
- The cashback is small, so the main reason to use PRS is still the tax relief. PRS money is locked until age 55 except in specific cases.
No active quests right now. New quests usually appear early in the month. Daus updates this page when they do.
See past quests →PRS or voluntary EPF?
Daus once compared PRS with EPF in a video. In short: EPF gives more stable dividends, PRS gives you fund choice and its own tax relief. Many people do both. It’s up to you.
Common questions on this topic
How much tax can PRS with Versa save you?
Relief up to RM3,000 a year until assessment year 2030, with savings depending on your tax bracket, from RM30 (1%) up to RM900 (30%). You claim it the following year during e-Filing.
Source: Versa Help Centre #18325733686039 ↗ · Versa Help Centre #18325830357143 ↗
When can you withdraw PRS money?
Account B can be withdrawn after a year but incurs an 8% tax, except at age 55 and above or for housing/medical purposes. Full withdrawal is at age 55, and it all goes through support.
What are the PRS fees?
0% sales charge, management fee 1.30% to 1.80%, a RM10 PPA fee (currently waived), RM8 a year for the following year's contributions, and RM25 to switch provider.
When's the deadline for this year's relief?
Your contribution needs to go in before 31 December of the assessment year, so keep the Cash In processing time in mind.
Source: this site
No Versa yet? Sign up with code VDAUSDK
Sign up with code VDAUSDK, get verified, and make a first cash-in of RM100 or more in one transaction. RM10 is credited as units within 30 business days. Later top-ups do not count.
Daus earns a referral commission when you sign up with this code or link and make your first cash-in. It costs you nothing extra; your RM10 reward comes from Versa under their T&C. Not financial advice.
Past returns do not guarantee future returns. Unit prices can go down. Not financial advice.