Don't mind sharing what investments you do that you can put in or withdraw any amount of money and guaranteed significantly more than 4%?

Most of the FD out there can offer > 4% p.a under certain condition term.

But some are over the counter and the trouble for 0.2-0.4% interest, i am not sure it is worth it.

FD is for quick liquidity.
Not sure how fast is SSPN withdrawal.

Heard SSPN withdrawal is about a week or slightly more, which is quite liquid. So i still don't understand the need for doing this deposit then withdrawal and then deposit process.

Some people could have very tight cash flow.
They just want to utilize the tax relief by just get it captured in the system and withdraw it afterwards.

This post has been edited by David83: Mar 12 2019, 01:38 PM

Maybe , they don't trust the Govt... cos PTPTN run by Govt servants

My brother also has the same skeptical mindset even though I encourage him to dump money for tax relief purpose.

Boss, why must rest one year?

The trouble, time and costs to fill up form at SSPN and otc bank into FD to get that special rate. And doing this every year for that 0.2-0.4% interest while ignoring the transaction costs of that.

i am wondering what are the reasons other than interest rates, trust issues, and need for quick access to cash.

liquidity access lo =)

ic wait...

i now bujang, so still can hoot sspn? it says

https://www.ptptn.gov.my/pelepasan-taksiran...kai-sspn-i-side

Individu yang menyimpan untuk diri sendiri tidak diberi pelepasan taksiran cukai.


how ah? must kahwin and got anak only can get tax deduction?

be a legal guardian of someone else children can be eligible too

Need proof right?

should be.....

maybe inside here can find out the procedures....
ChILd ACt 2001
http://www.agc.gov.my/agcportal/uploads/fi...N/Act%20611.pdf

ASNB FP but not guaranteed, history so far lowest 6%

This post has been edited by saitong09: Mar 12 2019, 09:48 PM

lol, it takes much more money to rear a kid compared to the tax savings from sspn...

Dividend calculation based on average minimum monthly balance says if Dec your minimum is RM100, max RM200, so the dividend will based on RM100 instead of RM200

Dividend calculation
Max bal. Min bal
Jan. 500. 100
Feb. 200. 50

Says dividend 4%
Dividend will be =(100+50)@4%@2/12

This calculation same to Amanah dividend calculation.

I am just curious of this +

i may be wrong, but i think it is not that way....

for if i had min RM500 per month balance......not transaction for the whole year.

Balance each month, Jan 500, Feb 500, Mar 500, till Dec 500 my total in there is just 500

but if you were to "+" each months as in your calculation...it would end up at 6000