The PRS Youth Incentive was initially launched under the Budget 2014 in Oct 2013 by the Prime Minister where youth aged between 20-30 years will be given a RM500 one-off incentive by the government with a minimum contribution of RM1,000 in the PRS.
Pursuant to Budget 2017, the incentive amount was enhanced by the government to RM1,000. That means, for a minimum contribution of RM1,000, you get a matching RM1,000 from the government as a boost to kick start your retirement savings. This is great news for you!
To qualify, you must be:
You may view the terms and conditions, payment of incentive and transaction details in respect of the PRS Youth Incentive here.