What is the average dividend payout is % ?

--double posted --

This post has been edited by killdavid: Apr 25 2019, 06:06 PM

4% nominal

Thats no better then FD....

for tax exemption..why not?
you can deposit it then withdraw it..

I looked at my statement and I don't see any dividend for 2018. Do you know how the dividend payout structure works ?

4% for 2018:

https://www.malaysiakini.com/news/462208

scroll back.

I outline that step by step years back...

But in reality... i put in 6k every year but lazy to withdraw...

People do it for the sake of tax relief.
A reminder: RM 8k starting this year.

If you're in high bracket.

It's more than 4%.

If low bracket. There's better investment.

talking about dividend

4% nominal.
Obviously conditional/promotional FD can beat it.

SSPN - 4%, put in RM5K.. RM200 interest. On top of that, you get tax relief of RM5K. If your tax bracket say... 24%, you effectively saves RM1,200 tax or you can pay that tax amount.

Either pay RM1,200 tax or saves RM5,000 in SSPN.

This post has been edited by eric.tangps: Apr 25 2019, 09:39 PM

Thanks!!

Can SSPN be used for foundation year fee?

while waiting for responses,
I googled and found this....
hope it can provide you with some info while you wait...
(need to confirm it latest status thou)

https://afterschool.my/find-university-in-m...ation-programme

The basic SSPN account is just a savings account. You can withdraw anytime and don't need to provide evidence of registration for education.

good point/idea

hi all, just want to clarify, the interest for SSPN is compound interest?

K Thx, my contribution basically for income tax reduction.
My princess going to start foundation next year, so I still can contribute for year 2020 up till?

2021 to 2023 full time degree, that time cannot contribute anymore?