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 SSPN, Skim Simpanan Pendidikan Nasional

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saitong09
post Oct 9 2019, 07:28 PM

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QUOTE(MeToo @ Oct 9 2019, 05:04 PM)
Any amount also got gift i think.

More u put better the gift.

Past few years was max 6k so I get some food hamper
*
3k already can get hamper smile.gif
MGM
post Oct 9 2019, 08:29 PM

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QUOTE(lyc1982 @ Oct 9 2019, 04:46 PM)
i think the gift is mostly for rm8k in total deposit
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QUOTE(MeToo @ Oct 9 2019, 05:04 PM)
Any amount also got gift i think.

More u put better the gift.

Past few years was max 6k so I get some food hamper
*
QUOTE(saitong09 @ Oct 9 2019, 07:28 PM)
3k already can get hamper smile.gif
*
One shot deposit or accumulated over a few months?
saitong09
post Oct 9 2019, 08:56 PM

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QUOTE(MGM @ Oct 9 2019, 08:29 PM)
One shot deposit or accumulated over a few months?
*
Last year 1 shot. This year accumulate
MGM
post Oct 10 2019, 04:39 AM

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QUOTE(saitong09 @ Oct 9 2019, 08:56 PM)
Last year 1 shot. This year accumulate
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I have been depositing rm1k/month consistently for a few years but never get anything. Does one need to ask for d hamper?
saitong09
post Oct 10 2019, 07:47 AM

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QUOTE(MGM @ Oct 10 2019, 04:39 AM)
I have been depositing rm1k/month consistently for a few years but never get anything. Does one need to ask for d hamper?
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The hamper will be given over the counter or road show.
wym6977
post Oct 10 2019, 07:56 AM

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QUOTE(saitong09 @ Oct 9 2019, 04:45 PM)
If not mistaken deposit over the counter will automatic enrolll, online maybe not.
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Almost all my deposit is online (Boost SSPN) like that no chance liao, sad.gif
lyc1982
post Oct 10 2019, 09:47 AM

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QUOTE(MeToo @ Oct 9 2019, 05:04 PM)
Any amount also got gift i think.

More u put better the gift.

Past few years was max 6k so I get some food hamper
*
i got a big hamper too when deposit one shot 6k over sspn counter...
but the hamper consists of....not-so-popular snacks...i sold it off for rm30 eventually
MeToo
post Oct 10 2019, 10:40 AM

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QUOTE(lyc1982 @ Oct 10 2019, 09:47 AM)
i got a big hamper too when deposit one shot 6k over sspn counter...
but the hamper consists of....not-so-popular snacks...i sold it off for rm30 eventually
*
Wah still can sell RM30 ka...

I just gave it away... those snacks are not something I'm keen for my daughter to eat...
saitong09
post Oct 10 2019, 02:18 PM

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QUOTE(lyc1982 @ Oct 10 2019, 09:47 AM)
i got a big hamper too when deposit one shot 6k over sspn counter...
but the hamper consists of....not-so-popular snacks...i sold it off for rm30 eventually
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Which counter? Last year I got the hamper less than rm30
lyc1982
post Oct 10 2019, 02:53 PM

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QUOTE(saitong09 @ Oct 10 2019, 02:18 PM)
Which counter? Last year I got the hamper less than rm30
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sspn counter in miri....

a very big hamper
oldman1920
post Oct 11 2019, 09:46 AM

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Sifu, if I have 2 kids. 1 kid net top up 8k. Another kid net withdraw 16k. Can practice this way? So, I still entitled for 8k tax relief?

This post has been edited by oldman1920: Oct 11 2019, 09:47 AM
SUSyklooi
post Oct 11 2019, 10:06 AM

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QUOTE(oldman1920 @ Oct 11 2019, 09:46 AM)
Sifu, if I have 2 kids. 1 kid net top up 8k. Another kid net withdraw 16k. Can practice this way? So, I still entitled for 8k tax relief?
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nope....
the annual tax relief statement
it adds up both the a/c info before calculating the "amaun layak perlepasan cukai"

go SSPN portal online.....
login semakan penyata
then click penyata hasil
then observes how they calculate

Barricade
post Oct 12 2019, 11:45 AM

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Any mention for SSPN tax relief for year 2020 during budget?
Barricade
post Oct 12 2019, 11:47 AM

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QUOTE(MeToo @ Oct 9 2019, 11:56 AM)
Long term?

Its a 1 month term SSPN... always in/out for the tax benefit...
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How long does it take to withdraw it out? No question asked right?
saitong09
post Oct 12 2019, 08:49 PM

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QUOTE(Barricade @ Oct 12 2019, 11:45 AM)
Any mention for SSPN tax relief for year 2020 during budget?
*
No update for SSPN
talexeh
post Oct 13 2019, 12:55 AM

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QUOTE(Barricade @ Oct 12 2019, 11:47 AM)
How long does it take to withdraw it out? No question asked right?
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You'll get the money in your account within a few working days.
MUM
post Oct 13 2019, 01:22 AM

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QUOTE(Barricade @ Oct 12 2019, 11:45 AM)
Any mention for SSPN tax relief for year 2020 during budget?
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in Oct 2017, in the 2018 budget, it was announce that the Govt would extend the relief for another three years, to YA 2018 to 2020.

in Oct 2018, in the 2018 budget, Tax relief on net annual savings in the SSPN is increased from RM 6,000 to RM 8,000
From year of assessment 2019 to year of assessment 2020

thus in Oct 2019, in the budget, nothing was mentioned as the year 2020 "goodies" are still in force.

most probably in Oct 2020, in the budget 2021,...they may make something up or nothing too....

sourced
https://www.taxathand.com/article/7694/Mala...national-budget
https://www2.deloitte.com/content/dam/Deloi...-income-tax.pdf
jefftan4888
post Oct 17 2019, 07:51 AM

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Anyone knows how SSPN-i interest calculation? Is the calculation based on daily/monthly/yearly interest? Can you provide some examples of interest calculation? biggrin.gif
MUM
post Oct 17 2019, 08:46 AM

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QUOTE(jefftan4888 @ Oct 17 2019, 07:51 AM)
Anyone knows how SSPN-i interest calculation? Is the calculation based on daily/monthly/yearly interest? Can you provide some examples of interest calculation?  biggrin.gif
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same as posted by another forummer on 3 Sept ....
go check it out for post after his?
maybe answers could be found there?

QUOTE(,Sep 3 2019, 08:27 PM)
Anyone know how the interest is prorated? Per day or per month? Is it using minimum balance in period or average balance?
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This post has been edited by MUM: Oct 17 2019, 08:48 AM
Left4Dead2
post Oct 18 2019, 04:11 PM

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If no kid, there will no tax relief for first time investor right ?

But after that got kid, then can update for tax relief ?

I havent open account yet for SSPN. If putting money inside without tax relief now seems not much benefit

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