Seems like this is the last year for the tax relief if it's not extended.
We can withdraw all and close the account next year.

I would be surprised if they don't extend the tax relief for SSPN. The amt of withdrawal is going to be massive if that happens.

If the SSPN dividends continued to be much higher than FD, then investors may not withdraw until they can find somewhere better with the same risk/ reward

i dont think tax relief can cut down withdrawal amount

fact is
you can get tax relief and
you still can also withdraw,
any amount you like
i deposited alot and i also withdraw alot, and i still get tax relief.

and that is what those more financial savvy people have been doing.


Yes this is a better way to keep and retain depositors money in SSPNi

actually i only start withdrawal two years ago when their divvy went apeshit.
i still try to give a chance when it started, but 2 years running divvy shit and i had enough.

Which is not that hard, I feel. KDI itself already 4% up to 50k. Then Versa can pump in another 60k.

That should cover almost all the SSPN that one might have.

I have never withdraw because I lazy to do the in/out transfers, but once the tax relief is stopped, I'll be moving them out.

my case a bit different if i dont withdraw i would have too much money
stuck in SSPni, dividend only 3.05% rugi besar lo.



not that hard as reply to this post?
you meant sspni can easily raise dividend above FD?
so not that hard la to prevent people from withdraw...

did you know SSPni gave only 3.05% last year?
you think can raise to 4.5% this time?

i think susah.

if you kept just RM110k in sspni you wouild have lost out RM1600 a year
the cost of being lazy

When last year sdpn gives 3.05%, they use this rates as comparision

This post has been edited by MUM: Mar 25 2024, 06:02 PM


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No, I mean it's not hard to find other things that pays higher than SSPN. It's higher vs conventional FD, but things like KDI is already at 4%. Some MMF can get more as well if one is rajin to hunt.

So if the only reason to keep in SSPN (tax) is removed, I don't see the point of keeping it there still. I'll be withdrawing the very day the stop the relief.

your reply like that can easily be misconstrued

yes 4% easily available ourtside, i agree
thus the querry why should we not withdraw them out?
RM8k tax relief sudah dapat, takkan nak tunggu itu 3.05% jadi 4.5%

Nothing, for me it's just laziness to deal with the hassle of moving it in and out.

The fact is many is doing that, and many more will withdraw and stop contributing once they stop the relief.

yeah i agree

and you know your own situation best

if your losses is big
automatically you go open BI account
so easy to WD .

for me if lazy to move i rugi besar lo
many times that RM1600 will be burnt.
somemore Ganjaran coming soon, you dont move out first
every RM100k you lose another RM1000
all add up man so cannot be lazy wan.

Hi anybody can give me the link to log into ssspn? I cannot find the login page for some reason using google

https://myptptn.ptptn.gov.my/ptptn/app/landing

errrrrrrr always find the official website first, which is PTPTN

hi, so far no news on the ganjaran promo (if it's still to be available this year) yet ya? so i guess it's still safe to withdraw now?

SSPN is now combined with PTPTN in single portal... = MyPTPTN

may i know how you guys perform withdrawl? seems like they limit 1000 per day per account nowadays.

small amount online can
big amount use Bank islam savings and ATM card

may i know kiple still can pay sspn? what is new limit now if yes.


thanks