Gomen agencies lose few billions per year also wont close shop.

Thats the current feelings. A few years ago, sspn dividend is very attractive in comparision, added with the flexibilty of easy withdrawal without penalty.

Its a good idea to withdraw tax relief for sspn. Initial tax relief is to give parents an incentive to save for their children education. The original concept was funds deposited may not be withdrawn unless for account closing. So over the years because of various reasons some of the tnc are changed. So it has morphed over to tax relief and attractive dividend scheme.

Mass withdrawal to sspn is only for those who realised the benefits and have confidence in sspn. Many deposited including me.

Sspn has been the favourites of conservative passive savers over the years with their tax relief, ganjaran benefits and above fd rates dividends. Last year dividend was a bit letdown, and with tax relief withdrawn, it needs excellent dividend to be declared so at least savers will still support it. IMO ganjaran campaign could also be withdrawn and therefore i may have to reallocate my funds elsewhere.

(Ganjaran now is not worth waiting for. At 1% lockin for around 3 months is only extra 0.33% per month for 3 months only. If the base dividend is 3% then pa wise if we deposit for full 12 months is 3.08% pa, base dividend 4% then 4.08% pa.) Pls ignore. Wrong calc. My bad

So the only attraction remaining is ease of withdrawal with no lost of interest due to premature withdrawal. But it then can easily be surpassed if deposit in fds with proper planning and the remuneration is much better.

So my funds in Ambank most probably will run its course with their existing promo.
Bye sspn, its been a good many years.

This post has been edited by magika: Mar 27 2023, 01:04 PM

Yup. My bad

T10 again ?

Gomen trying to be popular is not a very good thing. Sometimes must have tough love.

I am against the tax relief extension as will only benefit the T10s.

No discuss tax issues. I am perplexed that forumers in this supposedly financially savy thread is calling a return of GST which will see prices spiralling again. gomen will love u very much

No one understand jokes.

Tentatively ASM is reputedly giving dividend of 4.5%, if sspn also can give somewhere around 4% , i will be back.


This post has been edited by magika: Mar 30 2023, 10:02 AM

No one start tikam game ..

3%

Repeat it everyday and before ganjaran period is over maybe can get total 1 million

Sspn cant login. Need withdraw

Tried to transfer using old website, unsucessful. Using app no problem. Is PTPTN slowly disabling old website functions maybe including withdrawal ?

Yeah, today mine is back.

Definitely something wrong. If deposit via e-sspn fpx, its instant.

I missed the days of practically unlimited online withdrawal and high dividend.

Its your own sspn account with child as beneficiary.