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> SSPN Saving rate, PTPTN

alexkos
post Apr 3 2011, 01:39 PM, updated 2y ago

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Benefits

Eligible to apply for education financing;
Tax relief assessment on current year net savings up to RM6,000.00 per year;
Free Takaful coverage for depositors who have savings of RM1,000.00 and above*;
Award of Matching Grant up to RM10,000.00 for an eligible family**;
Savings guaranteed by the Government;
Competitive dividends and exempted from income tax; and
Savings access in PTPTN and over 3,000 SSPN-i agent branches.
* Free Takaful coverage in the form of death/ total permanent disabilities (RM to RM) benefit and funeral expenses is eligible for depositors aged 18 to 65 years, while beneficiaries aged 1 to 28 years are eligible to receive funeral expenses subject to the stipulated terms and conditions.

* Eligible before date of birth.

** Families with a monthly income (basic salary) not exceeding RM4,000.00 are eligible for the matching grant when their children are accepted and enrolled in higher learning institutions. The application must be attached by complete documents and submitted to PTPTN Offices. Matching Grants eligibility is subject to the stipulated terms and conditions.

** Families income (basic salary) was increased from RM2,000.00 to RM4,000.00 per month worth considering Matching Grant.

http://www.ptptn.gov.my/web/guest/simpanan

post your query here =)

This post has been edited by alexkos: Apr 22 2015, 04:09 PM
croco_2002
post Apr 3 2011, 01:52 PM

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about 2.5 percent if i`m not mistaken
alexkos
post Apr 3 2011, 01:54 PM

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with 4% dividend every year?
croco_2002
post Apr 3 2011, 02:01 PM

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2. Skim Simpanan Pendidikan Nasional (SSPN) dividend for 2010 on 3.25% rate has been credited to SSPN depositors account on 10th March 2011. Depositors can check their account through e-SSPN.

sos http://www.ptptn.gov.my/web/english/home
alexkos
post Apr 3 2011, 02:04 PM

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thx man! still need to know about the saving rate.
MNet
post Apr 3 2011, 02:17 PM

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2.5%pa
NelsonBoy
post Apr 3 2011, 09:07 PM

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ASM 6.68% last year.

credited to my acc.
MNet
post Apr 3 2011, 09:13 PM

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QUOTE(NelsonBoy @ Apr 3 2011, 09:07 PM)
ASM 6.68% last year.

credited to my acc.
*
u blind?

people ask for SSPN Saving rate not ASM
NelsonBoy
post Apr 3 2011, 11:04 PM

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QUOTE(MNet @ Apr 3 2011, 09:13 PM)
u blind?

people ask for SSPN Saving rate not ASM
*
duhhh shakehead.gif shakehead.gif

i am informing ppl here about one of the highest interest rate available


property101
post Apr 3 2011, 11:13 PM

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the most attractive part is the tax rebate isnt it wink.gif
Ken.B
post Apr 4 2011, 02:00 AM

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Well, this might be a bit off topic but, comparing SSPN with mutual funds, which should I choose as a student because the tax reduction is only applicable for parents/guardian?

This post has been edited by Ken.B: Apr 4 2011, 02:19 AM
Nepo
post Apr 4 2011, 08:21 AM

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QUOTE(property101 @ Apr 3 2011, 11:13 PM)
the most attractive part is the tax rebate isnt it wink.gif
*
Tax rebat only for one year, but u have to tie your fund for many years.
ronnie
post Apr 4 2011, 02:57 PM

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QUOTE(property101 @ Apr 3 2011, 11:13 PM)
the most attractive part is the tax rebate isnt it wink.gif
*
It's TAX RELIEF lah.... cool2.gif

It used to be 4% evey year ;-)
user posted image
http://senseofmoney.blogspot.com/2009/09/s...idend-rate.html

The dividends drop because MOST PTPTN loans are not being paid back....

This post has been edited by ronnie: Apr 4 2011, 03:01 PM
xuzen
post Apr 5 2011, 05:13 PM

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QUOTE(jeffwkh @ Apr 5 2011, 09:58 AM)
i dunno how they calculate. i deposit rm 500 in 2010 and in march 2011 i get the dividen rm12 onli!!! now my acc, is rm 512
maybe this sspn is not a got place to put $$$
*
Most probably they calculated based on daily rest. Most financial institution do that nowadays.

So if your tax rate is at say 19% and you saved RM 3,000.00, your net ROI is 19+3.5% = 22.5%.

If you think that is not good, pls shoot yourself with a 0.50 Baretta.

Xuzen
MNet
post Apr 5 2011, 06:14 PM

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if simpan wif them how to draw the money?

atm can?
xuzen
post Apr 6 2011, 04:42 PM

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QUOTE(MNet @ Apr 5 2011, 06:14 PM)
if simpan wif them how to draw the money?

atm can?
*
Withdrawal form obtainable from Maybank branch. The processing is still done by PTPTN HQ.

Xuzen
numbertwo
post Apr 7 2011, 11:23 AM

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From: PJ lamansara... :D


excuse me , but this dividend payout is merely following FD rates IMO...

But, dividend isn't the attraction it gets, the tax relief is! So, pls don't put money here if you are thinking to get some good dividend out of it..
CKKwan
post Apr 25 2011, 08:46 PM

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Today I received a statement.

SSPN pay only 0.8% last year..... sad.gif
500Kmission
post Apr 25 2011, 09:40 PM

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QUOTE(CKKwan @ Apr 25 2011, 08:46 PM)
Today I received a statement.

SSPN pay only 0.8% last year..... sad.gif
*
When are you deposit? How much do you get? and How much do you deposit?
aeronlim
post Apr 25 2011, 10:31 PM

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forget about SSPN, even when I need to withdraw, I need to wait for 10 working days for withdrawal to get the money.

Btw, it was a good choice for saving RM3k for income tax relief

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