Post #80
hi all,

Is this doable?

1. On Nov/Dec 2017, I go deposit 6k SSPN for my child. (so that can get 6k tax relief in taxable year 2017).
2. On Jan 2018, I go close that SSPN account and take out all the 6k, and go invest something else.

Question:
1. Can I close the account and withdraw all the $$ in such short time frame?

Actually I just interested on the tax relief, after close account  i can use that 6k to invest into vehicle that gives me much higher return.

read back post 985

Thanks for pointing out, looks like this trick is workable and got ppl practice it for taxable year 2015 n 2016.

Great! Hooray !!!

if I going to open SSPN account at PTPTN branch, do they accept cheque?

How you all pay the 6k ? by cheque ? credit card ? debit card? (debit card got 3k or 5k daily limit rite?)

I did mine at Maybank

Any charges for open account / add $$ / withdrawal / close account if done at maybank/rhb/ejen SSPN-I ? (other than at PTPTN branch)

Becoz I saw this at PTPTN website:

Soalan 21:
Adakah caj dikenakan jika ingin mengeluarkan simpanan SSPN-i?

Jawapan:
Tiada caj dikenakan kecuali melalui ejen yang dilantik..
Looks like withdrawal at bank will get charges ?? 

Any charges for open account / add $$ / withdrawal / close account if done at maybank/rhb/ejen SSPN-I ? (other than at PTPTN branch)

Becoz I saw this at PTPTN website:

Soalan 21:
Adakah caj dikenakan jika ingin mengeluarkan simpanan SSPN-i?

Jawapan:
Tiada caj dikenakan kecuali melalui ejen yang dilantik..
Looks like withdrawal at bank will get charges ?? 

I've check with MBB before for withdrawal, they can't do it from their side.

You have to go PTPTN office to do withdrawal.

For opening of account and withdrawal no charges.

For deposit, i've always use bill payment through M2U to do it. No charges as well.

thanks for the info, from your previous post, it seems that you had made withdrawal on January 2016/17, are those withdrawal did at PTPTN branch?

Thinking want to go MBB or PTPTN office do account opening, not sure they give free gift or not. Also MBB will be easier coz I can direct transfer fund. PTPTN have to bring cheque or other method..

How to use Maybank to deposit? Never knew got this feature....

M2U - Bill Payment - PTPTN - Skim Simpanan Pendidikan Nasional (SSPN)

Thanks! No need to visit Mines di.

if visit office, maybe can get some goodies! 

I did that last year. The only nice thing was the powerbank, and I doubt it's worth my time rushing there (rather go home and play with kids). That Sony powerbank also quite cheapskate, broke in a couple of months. My Xiaomi powerbank much better quality.

This year see if got time la. Likely just use maybank.

I did that last year. The only nice thing was the powerbank, and I doubt it's worth my time rushing there (rather go home and play with kids). That Sony powerbank also quite cheapskate, broke in a couple of months. My Xiaomi powerbank much better quality.

This year see if got time la. Likely just use maybank.