24/01/2022
Create Your Own Retirement Plan
Being self-employed is an exciting and rewarding pursuit. You get to choose how much to work and what to work on. This flexibility is one reason why so many are drawn towards the path of independent and freelance work. According to World Bank estimates, more than 25 percent of the Malaysian workforce today is self-employed.
Technopreneurs may enjoy the perks of hot-desking at one of the many exuberant co-working spaces across the country. E-hailing drivers could experience the daily serendipity of meeting new people and seeing new places. If you’ve decided to embark on this journey, it is important that you also do one thing to safeguard your well-being in the long term: Save for retirement.
A survey by PPA found that over 60 percent of self-employed professionals wish they are saving more for retirement. When your income fluctuates from month to month, it may seem like a tall order to set aside a fixed sum for retirement on top of other pressing business-related expenses.
However, without the usual benefits of salaried employment like a pension or a mandatory scheme to provide you a financial safety net, saving enough for retirement over the years can mean the difference between toiling into your old age and taking leisurely strolls on the beach.
Flexible. Affordable. Simple.
Create your own retirement plan that suits your specific goals and needs with the Private Retirement Schemes (PRS), a voluntary long-term saving and investment scheme designed to help you save more for your retirement. The flexibility and affordability of PRS lets you choose the amount and frequency at which you want to save. You’re in charge of your future.