this sspni now follow EPF 's way skau people's dividend

EPF receive monthly contributions in billions by 15th latest,
but pay people only 1Day interest for that month.

makan at least 10days interest from every contributor every month!

now SSPNi also follow liao...,

today go open Bank Islam account, then withdraw money from sspn account through ATM, fast and easy and service charge just 50 cents.
fastest way to withdraw!!!

why not use web portal?

new internet banking register need wait 12 hours..... ATM no need wait

increase limit to rm50k also... i guess no need wait additional 12hrs on top of existing 12hrs for new IB registration

only 2 hours wait sahaja ..for my case..

So fast. I open account around 3.30pm, now 9.30pm still cannot...

because that's just 6 hours instead of 12

What diff does it make anyway? You are not getting the interest for the whole month as it takes the lowest balance of the month.

no difference? so you deposit any day of the month also same la.

Got lah...i took your money put in KDI Save one month get the interest, then i give you 1 day interest only. Easy money...hehe.

That's the way it is, that's why people are depositing at the end of the month and withdrawing at the beginning of the month.

If you are talking about the processing time, then there's nothing much you can do.

But if you are talking about SSPN taking only the lowest balance of the month, EPF and ASNB is doing the same too

that's efficient of LHDN... serve them right

it's not having more balance than RM8k at end of 2022..it's having net deposit of RM8k in 2022, to be entitle to the tax relief.

This post has been edited by ronnie: Feb 23 2024, 08:55 AM

You are wrong there, only people who dont know how dividend is calculated would deposit end of month
those who know deposit SSPNi early in the month before 6th.

Again wrong. if you know the cut off processing time for same day interest you CAN make your deposit BEFORE that.
Eg. KDI Save deposit is 11AM. you dont want to lose that interest , deposit lah before that cut off time or date!

be more financial savvy bro, unless your deposits are all too small amount then 'no difference'

And dont confuse yourself on the different cut off dates for deposits to earn interest
for SSPN, EPF, ASNB , semua tak sama!
tanya lah the veterans in here.

I'm not even talking about the cut off date bro...

And please show us if SSPN did mention if there is any cut off date and TAT for any deposits. Did SSPN mention any of it? If not you don't have any basis to argue that SSPN should reflect any deposits within x days.

The only thing that SSPN mentioned is as below:

Nota :
1) Pengiraan Dividen dikira atas baki terendah setiap bulan dan transaksi sebelum 06hb setiap bulan.
2) Semua pengeluaran atau pelarasan pada tahun semasa akan diambil kira dalam proses pengiraan Dividen.
3) Semua pengeluaran adalah di kira mengikut bulan pengeluaran.
4) Penentuan kadar Dividen tahunan adalah berdasarkan pengumuman oleh PTPTN.
5) Pengiraan di atas adalah simulasi sahaja dan bukan sebagai bukti penerimaan Dividen yang sebenar.
6) Rujukan Dividen Tahun 2004 - 2021 klik disini

So you are definitely at the mercy of SSPN on their processing time.

I traced back the statement.
I think it is having net deposit of RM8k until 2023 April (tax submission) to be entitled.

I have more than 8k in 2022. Withdraw around February 2023. But tax submission is around March/April 2023.
Now they say I am not entitled.

just download the Tax Relief Statement for 2023 and 2022 from MyPTPTN portal.
that's your proof to LHDN

Have to submit manually to appeal. Too lazy so I paid the extra =/

Just upload sspn statement here, then we can show you what you assumed incorrectly. Dunwan learn then will keep on repeating mistakes yearly.

Lhdn not that stupid to make mistakes on simple sspn tax deductions.


This post has been edited by magika: Feb 23 2024, 11:23 AM