Anyone knows if credit card is accepted when topping up SSPN account?

no...if you read back few posts...it's not available anymore

sadly...however can top up using bigpay card

for those who use jompay to deposit, how long it took to reflect in sspn website?

just use FPX bro.

it's reflected immediately.

last time use M2U, takes at least 3 working days.

aiya...already jompaid
the fpx is from sspn site right? its abit noob interface. so. was thinking use jompay better

Yes, the FPX on their main page once you login.

thanks. i will use that for my wife account next monday.
thats why i want to test it out instead of transferring both at the same time.

scared cannot meet this year deadline.

this year deadline is when?

i mean in time before end of this year. 2018 tax assessment. surely dont want it to be recorded 1st jan 2019 transaction.

So it seems SSPN-i plus can use credit card, but the disadvantage is withdrawal can only be made after 3 years, is this correct?

SSPN-i plus is a life insurance + savings plan that's why credit card payment it's allowed.

Ah I see, Now it all make sense now. I mean, I know it has some insurance element, but these days practically all financial institution has some insurance element to it.

Thanks!

Wanted to buy SSPN I Plus For My Mum But her Age Already 63. SSPN I only up to 64 Age. Any other insurance similar like SSPN I So that I Can cover For life insurance.

SSPN I Plus is not meant for SSPN eligible beneficiary?
A senior citizen can participate?

Up until the Age of 64 (depositor). So My Q is After 64 My Mum is Not cover Hence need to withdraw the Savings and Probably takaful burn. So Any other insurance similar like iplus But cover until the Age of 70/75

Net saving, means you guy will keep the saving in the SSPN without withdrawing it?

2018 put in 6k without withdrawing it until 31 Dec, entitle for tax relief that to be filed in April 2019.
What if I withdraw says 3k from the amount, does my 2019 net saving considered -3k and if anytime in 2019 i desposit 8k, will only entitle me 5k net for tax relief to be filed in April 2020, is my understanding correct?


or actually the 6k deposited is belong to year 2018 basket, any amount withdrawn will not affect the net saving in 2019?

This post has been edited by fairylord: Dec 23 2018, 11:35 AM

while waiting for their responses.....
I googled and found this....
(read FAQ 13 ~ 16, especially example on 16)

hope it can helps....

https://www.nbc.com.my/blog/faq-rm6000-tax-...cation-savings/

Thanks, for the Q&A 16 of the reference page, i assume the 2011 and 2012 example applicable to 2018, 2019.
However, my situation is more like withdraw the balance of

Baki akaun 2018	RM6,000
Pengeluaran deposit 2018	(RM3,000)
Penambahan deposit 2019	RM8,000
Simpanan bersih 2019	RM11,000

But am i entitled RM8k or RM5k tax relief for 2019?
anyone could enlighten me...thanks

This post has been edited by fairylord: Dec 23 2018, 12:23 PM

Skim Simpanan Pendidikan Nasional (SSPN) which has been increased to RM8,000 from RM6,000.

https://ringgitplus.com/en/blog/Budget-2019...Your-Money.html

Baki akaun 2018	RM6,000
Pengeluaran deposit 2018	(RM3,000)

if I assume the baki akaun is in 2 Jan 2018, then no contribution in 2018, thus no tax relief to report in April 2019,
but if you did a contribution of RM5000 in 2018, then net contribution would be RM5000-RM3000 = RM2000,...thus RM2000 tax relief to report in April 2019

if I assume the |Penambahan deposit 2019 |RM8,000| is made in 2019, then tax relief report in April 2020....

just not sure if the tax relief will be from calculation from RM8000 or they will need to deduct the RM 3000 (that which was withdrawn in 2018), thus the calculation will be from RM8000 - RM3000 = RM5000....

** there was a similar question posted in post 1208, by forumer ableze_joepardy, ..just not sure the replies
This post has been edited by MUM: Dec 23 2018, 12:47 PM

means none has testified and no answer yet

sounds like u have to stick and add the saving in sspn to keep enjoying the financial year tax relief.

This post has been edited by fairylord: Dec 23 2018, 02:50 PM