A Will is a legal instrument which a person sets out his/her wishes as to the distribution of his/her properties (when comes to property, it is not just limited to landed property, it includes your personal properties like shares, cash, jewelleries etc.) after he/she dies. As a Will only comes into effect after the testator dies, the testator can create a new Will to override his/her old Will during his/her lifetime.
PRS is a voluntary long-term savings and investment scheme designed to help you save more for your retirement. Each PRS offers a choice of retirement funds from which individuals may choose to invest in based on their own retirement needs, goals and risk appetite. The fund options under PRS are intended to enhance long-term returns for members within a regulated framework.