Yes.

Depending, if you're in the higher tax bracket then you direct 'earn' more than 20% from income tax deductible already....

why considering NOW?

you SHOULD know this asnwer: why did you open SSPN back in 2022?

opened for kid(s)?

opened for dividend?

opened for forced-savings?

opened for tax relief?

opened fir credit card/ewallet benefits?

tax relief only for children acc right

of course

True. I do like the tax relief. But since tax relief is only till 2024 YA, what happens next is the question.

The Income Tax Assessment Relief Will Be Available Until 2024.
The National Education Savings Scheme (Simpan SSPN), introduced in 2004, offers various privileges and benefits to depositors

This year 20th Anniversary = 20% dividend ?

This post has been edited by ronnie: Mar 19 2024, 04:58 PM

Cannot plan so far, this is not EPF which is long lock in, if don't have tax relief then just withdraw and find another vehicle.

wait till you find the other benefits of sspn i
you cant find them in EPF, FD, KDI, Rize etc

This post has been edited by guy3288: Mar 19 2024, 11:00 PM

KUALA LUMPUR: Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) mencatatkan prestasi membanggakan menerusi lonjakan dalam Skim Simpanan Pendidikan Nasional (Simpan SSPN), tahun lalu.

https://www.bharian.com.my/berita/nasional/...lang-tahun-2023

Well, it's almost end of March.

news timing could indicate near end of their accounting FY and also a gauge to determine dividend quantum too.

releasing this news is probably strategic.

Bagi kita 4% boleh kan ?

Last April, they used FD to compare with their 3.05% rate.
Maybe can use the current FD rate as a yardstick guide.
FD changed how much since then?
Ha ha


Attached thumbnail(s)

3.5%. It's in the middle XD.

2.05% FD gets 3.05% SSPN
3.05% FD gets 4.05% SSPN then

From FB:
Dimaklumkan bahawa pengumuman dan agihan dividen SSPN bagi tahun 2023 dijangka akan dilakukan pada bulan April 2024.
Sebarang hebahan terkini akan dilakukan di portal rasmi PTPTN dari semasa ke semasa.

Next is withdrawal masuk EPF haha.

Can't even easily get sspn statement without going through ekyc bullshyt

ptptn is a financial institution

you rather having them enforcing ekyc than not. else, your accts could be wrongly accessed by unauthorized ppl. worse, money withdrawn.

yes it's painful at first. just like any other banking or ewallets or financial apps out there.

nowadays are all online eKYC.

yes, nothing is perfect. each ekyc engine has its own pros/cons and also to consider the cost too (to pay for the ekyc vendor each time ekyc is used, success or failed)

a possible alternative is more traditional: KYC, which is face2face aka over the counter. then you'll complain wasting time driving, parking, waiting queue, etc.