If you are a new Versa user interested in Private Retirement Scheme (PRS), you will have the option of investing in PRS during our onboarding process.

For existing users, you can begin onboarding by answering one question about your monthly household income. After that, approval will take approximately 5 days. Once approved, you can start investing in PRS and enjoy the benefits of our retirement scheme!

The Versa platform does not charge any fees to their user. However, there are management fees, trustee fees and fund-level fees paid to the fund managers, which differs based on the portfolios.

The minimum contribution limit for Private Retirement Scheme (PRS) in Malaysia is RM 100. As for the maximum contribution limit, there is generally no specific maximum limit set for PRS contributions per transaction. However, it is important to note that the maximum contribution amount may be subject to the limits imposed by FPX (Financial Process Exchange), which is RM 30,000.

You can track the performance of your PRS investment in our app’s fund overview dashboard.

Private Retirement Scheme (PRS) is a voluntary retirement savings scheme, while EPF is mandatory for employees in Malaysia. PRS complements EPF by providing an additional way for individuals to contribute toward long-term retirement planning at their own pace.

At age 55, individuals may withdraw their full PRS balance without penalties as part of the retirement process. PRS providers will outline the options for redemption and the required documentation.

PRS funds typically follow different investment strategies, such as conservative, moderate or growth-oriented approaches. Each strategy has its own asset allocation and risk profile, which are disclosed in the fund’s prospectus and fact sheet.

No. PRS funds are invested in capital market products, which means their value may fluctuate based on market conditions. Individuals should review each fund’s objective, allocation and risk profile before contributing.

PRS provides a structured framework that encourages long-term savings by limiting early withdrawal and supporting consistent contributions. Over time, this helps individuals accumulate additional savings alongside EPF.

Yes. Many PRS providers offer Shariah-compliant funds that follow Islamic investment principles. These funds are suitable for individuals who prefer Shariah-aligned retirement planning options.