What lucky draw they having?

Sorry, overlooked this tread and assumed that it was about BSN'S SSP.

Aliyoyo..

U have until 31/12/2014 to make a decision

ya... just few more months. But dont think can save enough till 6K if want to put in SSPN

quick question: for the 6k tax deductable do i also factor in interest paid for 2014, i.e. deposit only 6,000 RM less interest (i.e. 600 RM) = 5,400 RM or can I only deduct 5,400 RM then from my taxes?

wow.. complicated..
If U do tax online - U just put in 6,000 in the SSPN box
If U do manually - it's the same.
It's just tax relief.

If U prefer to write 5,400, U can do so
and get less tax relief for just 5,400
instead of 6,000
The Gov will thank U (feel fuzzy warm feeling in yr heart)

i dont understand this? essentially what i want to know is is the tax deductable deposit inclusive of divident received on existing deposit or not?

No, tax deduction on freshly deposited fund only, divident not taxable

divident not considered fresh funds if i dont take it out? tried to clarify but cant reach anyone at Hasil or PTPTN sigh...

This post has been edited by PJusa: Oct 10 2014, 05:45 PM

Not considered

ok thanks. then i can safely deposit 6k without wasting money

Can I open sppn account without kid ? Or open for kid who is not my children?

Yes

Are you saying I can open sspn without a kid? How?

Let say this we hit the saving and claim with LHDN max, how about next year? Do we still allow to claim further if we still keep saving in PTPN?

For next subsequent year, you still need to put in fresh new money to be entitled for tax relief.

Tis scheme is open to every1
U can claim tax deduction if u have kid, otherwise No

It is only for those who have kid. No every1, ur statement is confusion

You are wrong, the scheme is open to everyone, including individual, but only parent can claim for tax.

Syarat - syarat Pembukaan Akaun SSPN-i

Pendeposit dan penerima manfaat kepada akaun SSPN-i hendaklah warganegara Malaysia;

Pendeposit boleh juga membuka akaun untuk dirinya sendiri;

Setiap pendeposit hanya boleh membuka satu akaun untuk setiap penerima manfaat yang sama;

Penerima manfaat mestilah berumur antara 1 hari sehingga sebelum mencapai umur 29 tahun;

Penerima manfaat yang telah mempunyai akaun yang dibuka oleh seseorang pendeposit boleh membuka akaun bagi dirinya sendiri atau membuka akaun untuk warganegara Malaysia yang lain. Ini bermakna seorang penerima manfaat pada masa yang sama boleh menjadi pendeposit; dan

Pendeposit yang berbeza boleh membuka akaun SSPN-i bagi penerima manfaat yang sama dan tiada had bilangan akaun bagi setiap penerima manfaat.

Pelepasan taksiran cukai pendapatan ke atas simpanan SSPN-i:

Ibu bapa dan ibu bapa angkat/ penjaga yang sah dari segi undang-undang yang menyimpan dalam akaun SSPN-i untuk manfaat anak diberi pelepasan sehingga maksima RM6,000.00 setahun tertakluk kepada jumlah simpanan bersih tahun semasa;

Ibu bapa yang membuat taksiran berasingan dan telah membuka akaun simpanan SSPN-i berasingan atas anak yang sama diberikan pelepasan sehingga maksima RM6,000.00 seorang setahun;

Ibu bapa yang membuat taksiran bersama dan telah membuka akaun simpanan SSPN-i berasingan diberi pelepasan sehingga maksima RM6,000.00 setahun; dan

Individu yang menyimpan untuk diri sendiri tidak diberi pelepasan taksiran cukai.[COLOR=red]

Source: http://www.ptptn.gov.my/web/guest/simpanan