Solomon Oon was recently recognised as the Highest Revenue Contributor for December 2025 by BNI Sierra
Solomon Oon
PRS Consultant | RCA Wealth
Helping Malaysians Keep More of What They Earn
— Legally and Strategically
Most professionals don’t realize how much they’re overpaying in taxes each year.
Not because they lack income.
Not because they lack discipline.
But because no one has shown them how to structure their income efficiently.
I help Malaysian professionals and business owners reduce unnecessary tax exposure and build structured retirement plans using Private Retirement Schemes (PRS).
Why This Matters
If you’re earning RM10,000 or more per month, your tax bracket matters.
Even a small percentage difference can mean thousands of ringgit every year.
Over 10–20 years, that difference compounds.
Yet many professionals:
- Contribute randomly to savings products without tax planning
- Ignore PRS because they assume it’s “just another retirement account”
- Miss structured employer benefits that could improve loyalty and retention
The issue is rarely income.
The issue is structure.
My Journey Into Financial Structuring
I didn’t begin my career in finance.
Earlier in my career, I noticed something consistent: capable professionals were working hard, earning well — but losing money unnecessarily.
Some overpaid taxes.
Some had employee benefits that were poorly structured.
Some had retirement plans that looked good on paper but created confusion in practice.
It raised a simple question:
Why should anyone pay more than legally required — when proper planning exists?
That question led me into studying tax efficiency strategies and eventually focusing on Private Retirement Schemes (PRS).
Not because it’s trendy.
But because it solves two clear problems.
What PRS Actually Does (When Structured Properly)
PRS is often misunderstood.
Many see it as just a long-term savings tool.
In reality, when explained and structured correctly, PRS can:
- Reduce Personal Tax Burden
Eligible contributions may reduce chargeable income, lowering annual tax payable. - Improve Corporate Tax Efficiency
Companies can structure contributions as part of employee benefit programs. - Strengthen Employee Retention
Employer contributions can be protected through vesting structures, helping retain key staff. - Create Long-Term Financial Discipline
Funds are designed for retirement purposes, encouraging structured wealth building.
The key difference is not the existence of PRS.
It’s whether it’s aligned properly with your income level or company goals.
How I Work With Clients
I don’t begin with products.
I begin with clarity.
My process is simple:
Step 1: Understand Income and Tax Position
We look at your earnings, tax bracket, and current benefit structure.
Step 2: Identify Gaps or Inefficiencies
Are you missing relief opportunities?
Is your company’s benefit plan aligned with retention goals?
Step 3: Structure PRS Strategically
We align contributions with practical objectives — not assumptions.
No pressure.
No jargon.
No unnecessary complexity.
Just clear numbers and practical reasoning.
What Sets Me Apart
Many financial discussions feel overwhelming.
Charts.
Terminology.
Assumptions.
I believe financial planning should feel logical and easy to follow.
Clients often tell me they appreciate three things:
- Clear explanations
- Transparent projections
- Decisions without pressure
My role is not to convince.
It is to educate and clarify.
When clients understand the numbers, they decide confidently.
Who I Am Best Positioned to Help
I am looking to connect with:
Malaysian Professionals
- Earning RM10,000+ per month
- Seeking legal ways to reduce tax
- Wanting structured retirement savings
Business Owners & HR Leaders
- Looking to reward key staff efficiently
- Wanting structured, protected employer contributions
- Interested in improving retention without inflating fixed salary costs
A Common Misconception
“PRS is just another savings plan.”
That assumption costs people money.
The shift happens when professionals see:
• How tax relief impacts net income
• How employer contributions can be structured
• How long-term compounding improves retirement comfort
Once the numbers are clear, the decision becomes practical.
Let’s Build Financial Clarity
Tax efficiency is not about avoidance.
It’s about structure.
Retention is not about spending more.
It’s about designing benefits intelligently.
If you’d like to explore how PRS could improve your personal or corporate position, I’d be glad to have a conversation.
Let’s help more Malaysians keep more of what they earn — legally and responsibly.
RCA WEALTH
Address : A-7-12A, Atria SOFO Suites, Jalan SS22/23 Damansara Jaya, Petaling Jaya, Selangor, 47400 MY
Contact : 016-626 5759
Email : solomon.rca@gmail.com