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

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

PPA account opening fee: RM10 charged once-off is waived
PPA annual fee: RM8 charged yearly (not payable in the year the account was opened and in the year where there is no contribution)
PPA pre-retirement withdrawal fee: 8.00% tax penalty on the amount withdrawn (before 55 years old)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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