PRS is designed for retirement planning. Withdrawals before age 55 are subject to applicable rules and conditions.
Each PRS contribution is allocated into two parts:
| Part of each contribution | Withdrawal availability | Penalty |
| Account A (70%) | Available for withdrawal from age 55 onwards | None |
| Account B (30%) | Available for withdrawal after one year from the date of contribution | 8% tax penalty on the withdrawal amount for pre-retirement withdrawals. No penalty applies if you are aged 55 or above. |
Notes:
- For more details on PRS withdrawal rules, including special circumstances such as death or permanent departure from Malaysia, please refer to PPA's PRS FAQ here.
- Switching between PRS funds is not considered a withdrawal and will not attract the withdrawal penalty.