Guys, if I already have a SSPN account and would like to add money into it, possible?

Yes

Y u dun qualify?

From YA 2012 to YA 2017

The tax relief is till 2017 only?

Yup

i also cannot, not married, no children

Single oso can open a/c n njoy yearly dividend

sorry, can someone guide me how to apply for SSPN? Thanks guru!

Read post # 150.

hm? can?

http://savemoney.my/skim-simpanan-pendidikan-nasional-sspn

'Ultimately, it all depends on you, but if you do not have a beneficiary, you won’t be eligible for the income tax relief'

i dont have children, who should be the beneficiary ya?

oh i think you mean i can open an account, but cannot get tax relief, just get dividend right?

Yo self

Yes

historically the dividend around 2-4%, not very high actually

Past 3 yrs range from 3.75 - 4.25 which is consider gud

Wah, Single can also open SSPN account. I tot only those with children can open it. Because I saw the application form. It's bit complicated & got child information need to fill. Later I go open the account

but, is it the money inside only can used for 1 yr tax relief?

if want another yr, need top up the amount?

and yet, the dividend din't chip in also.....

The amount you deposited can only claim tax relief for that year, one time only.
E.g. Deposited RM3k in 2013, entitled for tax relief for 2013 year of assessment only.
To claim for tax relief again in 2014 year of assessment, need another deposit any time in 2014.

Correct, dividend cannot be used for tax relief.

This post has been edited by tbheng: Apr 29 2014, 02:01 PM

I printed a copy of the SSPN/PTPTN statement for tax relief and found that one also get the tax relief for the dividend earned during the year.
For me in year 2013, dividend earned was rm536 and I put in rm5500.
So Tambahan simpanan bersih bagi 2013 is 5500+536=6036.
And amaun layak pelepasan cukai bagi YA2013 is rm6000(max).
All the while I thought only the amount put in is considered.

If not because of tax relief, it is not a good savings plan due to the many restriction.