For paying the CC bills.. Lolz. For withdrawal, submit the printed Tax Relief Receipt is a must for withdrawal? Its for what purpose? Does it mean we can only withdraw the previous year carry fwd balance only..

So this rule @ http://www.ptptn.gov.my/web/english/faq-en...sspn/withdrawal no longer applies ?

So besides filling in the sspn-i withdrawal form, do you attach photocopy of your bank account book during withdrawal? What are the document provided for withdrawal?
Wonder what is the Max limit per swipe for using cc to place in the deposit?=P

prove it here plz

bro
how long did it takes for the money to appear in our account?

Can I perform my withdrawal at Maybank? or need go PTPTN office?

woah so long
i submitted my application on 5th january, appear in sspn portal on 28th january
if need to wait another 7 working days
altogether takes more than a month 

went to ptptn office and asked about sspn-i income tax relief.. yes.. can do so by depositing 6k by 31/12/2016, and get the max 6k tax relief during submission in year 2017. but they advised, if jz the matter to get the tax relief (and will definitely want to withdraw later), to be safe.. better not withdraw till income tax has submitted successfully..

any1 has past experience?

Should not be, i think 12k is correct if u want to submit for 2017 tax in yr 2018.

really can withdraw all ur money, if u deposit 6K ..can withdraw 6K? i heard only rm500 per year..

sorry...a noob question....let say A is married with 2 kids, aged 5 and 3...so the husband  and wife can each open a SSPN account and deposit rm6k by the end of dec 2016 and both get rm6k tax exemption? (and still be able to withdraw rm5.5k by jan 2017)

from my understanding, yes, it's allowed.
so long cumulatively prior to end of the year, one tops up all that the person withdrew + 6k for eligibility on tax relief for the year.

but i have a more pressing question for you.
using your method, does sspn still pays you handsome dividend?
base on full amount or pro-rated to only your sum within their account for those short period?

thanks.

another noob question.
Dec 2016 in RM6k
Jan 2017 Out RM5.5K
text exemption RM6k for 2016

Dec 2017 in RM6K
Jan 2018 out RM6k
2017 tax exemption RM6k

Dec 2018 in RM6K
Jan 2019 out RM6K
2018 tax exemption RM6k....and it continues on and on

BETUL AH?

if tax relief is on RM3k...does it mean max deposit to enjoy the rebate is RM3k or still RM6k?

sorry sorry...what i wanted to know is the minimal amount of deposit to enjoy the RM3k rebate in later years...
i have to have RM3k in SSPN account or RM6k to qualify for the tax relief of RM3k?

another noob question

assuming scenario 1 :-
start savings in 2015
cumulative balance 2015 RM6k --- eligible tax relief RM6k
cumulative balance 2016 RM6K+RM6K (RM12k) --- eligible tax relief RM6k
cumulative balance 2017 RM6k+RM6K+RM3K (RM15k) --- eligible tax relief RM3k
cumulative balance 2018 RM6k+RM6K+RM3K+RM3k (RM18k) --- eligible tax relief RM3k

assuming scenario 2 :-
start savings in 2017
cumulative balance 2017 RM3k --- eligible tax relief RM6k  --- Max relief is 6k but you have only 3k net savings so you can only claim 3k relief
cumulative balance 2018 RM3K+RM3K (RM6k) --- eligible tax relief RM3k
cumulative balance 2019 RM3k+RM3K+RM3K (RM9k) --- eligible tax relief RM3k
cumulative balance 2020 RM3k+RM3K+RM3K+RM3k (RM12k) --- eligible tax relief RM3k

so for those that started their savings in SSPN earlier...this means their cumulative balance has to be more at the end of the term to be eligible for the subsequent tax relief, compared to those start saving in 2017, where the relief is set at RM3k? Yes.

betul ka?

something bothering me
last year deposit 6k to 1st son, enjoyed 6k tax relief
jan this year, withdrawn the money and put into 9 month fd.

now if I open a new account for my 2nd son, how much do I need to deposit for 6k tax relief?

but let said we only have 1 kid - can husband & wife open the sspn account for the same kid and get the tax relief max RM6k for husband and wife max RM6k ??

Anyone tried withdrawal before? About how long did it take?

so, now can take out money d? i mean 2016 income tax rebate alerady been entitled right?

the income tax statement 2016 is not ready yet, you sure can withdraw now?

I thought for income tax, we must generate the 'PENYATA RINGKASAN AKAUN SSPN UNTUK PELEPASAN CUKAI' instead of 'PENYATA AKAUN SSPN'.

PENYATA RINGKASAN AKAUN SSPN UNTUK PELEPASAN CUKAI for 2016 cannot be generated yet.