(File pix) The government will increase to RM1,000 the incentive given to Private Retirement Scheme (PRS) contributors who have a minimum accumulated investment of RM1,000 over a period of two years.

KUALA LUMPUR: The government will increase to RM1,000 the incentive given to Private Retirement Scheme (PRS) contributors who have a minimum accumulated investment of RM1,000 over a period of two years.

The current incentive is RM500.

An allocation of RM165 million will be provided for this.

The aim is to encourage youths to make long term investments.

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