Didn't really check on how they calculate.

Yes I do receive interest

so you withdraw all in jan 2017...deposited all back in dec 2017 and still get interest for 2017 ?

I believe the interest will be very minimal, the idea of deposit+withdraw mainly for tax relief purpose and taking the money to invest in somewhere that gives much higher return.

I deposited 6k on dec2017 and withdrawal on Jun2018 (wasted few months parking money there), I got interest of rm20.

while waiting for his responses....
I think theoretically if you deposited in Dec 2017.....then you should just get abt 1 month of interest...

yea..i have the same thinking

but just wanna confirm my theory

yea around that i guess...

Yes but don't expect a full year of interest.

Interest for full year is normally about 4%. Which is better than standard FDs, but of course if you have other investments those would be preferable.

Hi,

I need someone help to further explain to me what I bought is worth to continue or I should drop it.

So far I have paid up to RM3,000 for the SSPN-i plus (Belian) package, of which RM200/month goes to saving and RM300/month goes to Takaful.

I read many websites said Takaful is Insurance, only few websites mentioned the Takaful including investment.

I assume the invesment mean, the profits from this investment will goes back to my account on top of the monthly RM200 saving at the end of the day, instead of burn?

Do provide your input and understand of the package as I am stucked whether I should continue with the Belian package or downgrade to something else.

Thanks.

Hi sifu here, based on past year record, estimate when will release to print the tax relief statement?

4% is nice. The way I see the return is different and its still a very simplistic aproach.

I invest 6k p.a. and then get my tax refund on it. Given my marginal tax lvl is 24% I get a refund of RM 1440 i.e. I really only invested RM 4560. I do get interest on RM 6000 though at 4% = RM 240 and on top I get the free money.

240/4560 = 5.26% interest on the money i really invested. That is damn good for a save investment is it not? And when I eventually cash out I get all the extra free money on top as well. I am not complaining.

Of course you can still say I could take the entire money out and make it work outside for higher returns to improve the ROI even further. Granted but anything that has a real return of 5% on the money i invested and is guaranteed no loss of money sounds decent enough for me.

where is the official source from?
any links from PTPTN direct on this matter?

press conference.

wait for normal news later.

Some people don't believe this part.

good simple math you shared there...

depends on how much housing loans you have committed, one have to calculate the interest charged (flexi-loan) vs interest earned (sspn) to make sure it's worth the investment

if dont believe that part then you better no hold any RM at all or better even no currency. but if that is really that smart i cant say. i dont think so though.

yes...it just came out....

SSPN-i education account holders to receive extra 0.5% reward

Nation, Tuesday, 29 Jan 2019, 2:11 PM MYT

Read more at https://www.thestar.com.my/news/nation/2019...KlhoTivHfuZf.99

that's great.
additional 0.5%.

thanks

Do note that additional is only on savings placed between Jan/Apr 2019 (not on the full amount saved up over the years), and only applies if you never did withdrawal. Not really that attractive, mainly just to get people to deposit start of year rather than end of year.

Suspicious minds would take this as indication that PTPTN running out of money.