To ease your financial burden, you may consider the following;
- Go on regular monthly contribution
- RM1,000 for a two (2) year duration works out to just about RM40 a month
- Individuals who start early, between the age of 20 and 30, will have a good 30 to 40 years of saving accumulation and compounding before reaching retirement
Parent Contributing to Youth
Parents of youth whom qualify the age requirement of between 20 – 30 years of age may contribute on behalf of their children. Parents are encouraged to do this to give their youth a head start on their retirement savings. Thereafter, the youth can continue to make regular contributions.