Individual PRS contributions are eligible for tax relief of up to RM3,000 per year of assessment. Tax relief reduces your chargeable income, not your tax payable directly, so the actual tax savings will depend on your applicable tax rate.
| Chargeable income | Tax rate | Tax saved on a RM3,000 contribution |
| Up to RM5,000 | 0% | RM0 |
| RM5,001 to RM20,000 | 1% | RM30 |
| RM20,001 to RM35,000 | 3% | RM90 |
| RM35,001 to RM50,000 | 6% | RM180 |
| RM50,001 to RM70,000 | 11% | RM330 |
| RM70,001 to RM100,000 | 19% | RM570 |
| RM100,001 to RM400,000 | 25% | RM750 |
| RM400,001 to RM600,000 | 26% | RM780 |
| RM600,001 to RM2,000,000 | 28% | RM840 |
| Above RM2,000,000 | 30% | RM900 |
You do not need to contribute the full RM3,000 to enjoy the tax relief. The relief applies to your actual PRS contributions made during the year, up to the RM3,000 limit.
You may use the PRS Tax Relief Calculator on our PRS page to estimate your potential tax savings. When logged in, the same page also helps track your PRS contributions for the year against the RM3,000 relief limit.
- Ensure your PRS contribution transaction is dated within the respective calendar year to qualify for tax relief for that year of assessment.
- You may claim the tax relief when filing your income tax return in the following year.