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 SSPN, Skim Simpanan Pendidikan Nasional

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wym6977
post Dec 31 2019, 03:10 PM

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QUOTE(bexymax @ Dec 31 2019, 02:43 PM)
alamak! i have made RM14 cash back from all the missions but now left RM7 only hahaha! now need to top up that rm7 somemore  sweat.gif
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Better do it now... worry if there is any cut off by SSPN..
wym6977
post Dec 31 2019, 03:27 PM

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QUOTE(MGM @ Dec 31 2019, 05:45 AM)
I didn't tried that cos realised dividend will be paid out tomorrow. Instead I was eager to find out if can withdraw via Internet banking but could not find the function.
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Just done my BI basic account opening and withdraw by ATM and the transaction already updated in SSPN account...
wym6977
post Jan 23 2020, 12:15 AM

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QUOTE(saitong09 @ Jan 22 2020, 08:47 PM)
Hopefully can sustain 4%
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I think difficult to keep to 4% looking at other gov related fund performance...It still a bonus as the main intention is for tax relief..
wym6977
post Jan 26 2020, 10:34 AM

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QUOTE(!@#$%^ @ Jan 26 2020, 08:56 AM)
yup. 'simpanan bersih'. they know all the tricks.
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Wonder if deposit RM500 consider one cabutan or 5 cabutan... hmm.gif
wym6977
post Feb 1 2020, 01:06 PM

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QUOTE(zhlo @ Feb 1 2020, 11:43 AM)
How to link sspn with bank islam account at ATM?
Got option inside ATM there?
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Yes, you can link at the ATM which show option of SSPN..
Each withdrawal / transfer to own account is RM0.5 (Max RM1500 / transaction)

This post has been edited by wym6977: Feb 1 2020, 01:06 PM
wym6977
post Feb 11 2020, 11:37 AM

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QUOTE(lyc1982 @ Feb 10 2020, 04:36 PM)
point taken on the withdrawal at 60yo

i didn't know can top-up by M2U with a annual limit of 60k...
dang i have missed out for all these years
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Can use PBB for the EPF deposit (self contribution) too..

BTW can withdraw anytime if EPF got > 1 millions.. but I never try not reaching that level yet tongue.gif
https://www.kwsp.gov.my/member/withdrawals/...rm1mill-savings
wym6977
post Feb 13 2020, 06:45 PM

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QUOTE(MUM @ Feb 13 2020, 05:29 PM)
while waiting for his response, I kay poh abit...
to me, it looks like this....
if you contribute RM8k within the campaign period, you will get 1% of this RM8k + the dividend to be announce next year (ex: 4% pa)
but if you contribute RM8k within after the campaign period, you will get 1% of this RM8k + only the dividend to be announce next year (ex: 4% pa)
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From the TnC:-

8. Setiap pendeposit yang memenuhi syarat kelayakan akan menerima Ganjaran
Kesetiaan sebanyak 1% atas simpanan yang dibuat dalam tempoh Kempen.
10. Tiada had penambahan simpanan pada setiap akaun yang layak.
11. Maksimum jumlah Ganjaran Kesetiaan adalah RM8,000 untuk setiap akaun.

So it should be max RM8K of bonus on top of dividend suppose to get..

Also I wonder how they calculate the 1%... if put in 30.Apr (last day of campaign) then withdraw after that (say 1.May), can still entitle the 1% of the simpanan?
wym6977
post Apr 24 2020, 03:03 PM

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QUOTE(MGM @ Apr 24 2020, 01:48 PM)
I am not taking risk to deposit at last minute, so I deposited 40k from 2 bank accounts last night and 30k from OCBC today.
Paid via ptptn portal using FPX, amount updated instantly n no charges, unlike BI 50 sen per transfer. Only thing is I have to do multiple transfer of <10k for ocbc since I am not using One Token.
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So transfer by FPX the deposit updated instantly in the SSPN Penyata right?

So you will keep until receiving the 1%.. brows.gif

This post has been edited by wym6977: Apr 24 2020, 03:06 PM
wym6977
post Apr 27 2020, 02:38 PM

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QUOTE(LostAndFound @ Apr 27 2020, 02:15 PM)
What makes you think PTPTN will give 4% next year?
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If look at the economy outlook, it should be <4% for 2020... the current FD rate will indicate the dividend my opinion..
wym6977
post Apr 29 2020, 10:25 PM

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QUOTE(snowswc @ Apr 29 2020, 10:11 PM)
I am new to this but after reading the discussion here.

May I know what should I apply sspni or sspni plus? I am married with no kid. Is it either one will do?

1) can I open the sspn account via online?
2) to open a BI account and link to sspn account will give me the flexibility to withdraw the money anytime right?
3) may I know how many times I can pay the sspn using boost?

Frankly speaking, my intention is not to save money in sspn but wanted to withdraw my money from boost because they have reduced from 1500 to 200 and soon this withdrawal function will be removed as per ringgitplus news update.
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May consider Opus for your intention, which is also worth for investment purpose..
https://forum.lowyat.net/topic/4886774
wym6977
post May 16 2020, 11:02 AM

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QUOTE(WaCKy-Angel @ May 16 2020, 12:01 AM)
Just login to SSPN and noticed the money reversed back already. can withdraw again.

So SSPN should have place a big big notice there if not allow withdrawal to different bank account owner
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Ya it only allow to transfer to own name account....actually good for security reason.
Agree that they should make it clear in the withdrawal page...
wym6977
post May 23 2020, 03:08 PM

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QUOTE(voonmingloo @ May 23 2020, 01:53 PM)
Thought 4% was for last year calculation. This whole year 2020 already announced 4% again? If yes, damm good.
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If this year they "already" announced 4% everyone will flood SSPN liao.. biggrin.gif
Pretty sure this year (2020) dividend will be <4% looking at the FD rate now...

This post has been edited by wym6977: May 23 2020, 03:09 PM
wym6977
post Jun 16 2020, 08:41 PM

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QUOTE(guy3288 @ Jun 16 2020, 08:15 PM)
so actually can
deposit RM800k on 30.4.2020
Withdraw out next day and get buta RM8000 !
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Thats the loophole I guess but they might fix it next time...
wym6977
post Jun 17 2020, 07:22 AM

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QUOTE(oks911 @ Jun 17 2020, 01:01 AM)
is that possible to switch from SSPN i Plus to Normal SSPN i?
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As far as I know cannot as plus tied to insurance Takaful. I think you need to close the plus account first.
wym6977
post Jun 23 2020, 05:08 PM

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QUOTE(wendygoh @ Jun 22 2020, 01:57 PM)
Can withdraw to all the bank? or limited to certain bank?
what is sspni source bank?
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Can withdraw to any bank, just make sure account under same name as SSPN account.
wym6977
post Apr 26 2021, 10:06 AM

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QUOTE(lowyat101 @ Apr 24 2021, 11:38 PM)
now only i know can use shopeepay for sspn, i'm looking into the best strategy.

previously only load in 6k / 8k by the year end for the income tax relief. since there's limitation in the shopeepay, i'm thinking of doing it on a monthly basis.

may i know is the sspn-i interest calculated based on daily or monthly? and if it's monthly, meaning that i should "pay" it in the last day of the month so that can get the interest for the next month right?

thanks
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There is a online dividend calculator in SSPN website, it explains well how the dividend was calculated.

https://www.ptptn.gov.my/KalkulatorDividen/Utama
wym6977
post Jul 23 2021, 10:56 AM

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QUOTE(mrbean12345 @ Jul 22 2021, 11:19 AM)
Guys, I dont get it, this SSPN allow us to withdraw whenever we want? Not only when our kids going to uni?

If it allow us to withdraw anytime, why are there still many people dont invest money in SSPN? it's 4%, much higher than FD tho. What am I missing out?
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Do not assume the dividend will be 4% ya, it is not guarantee ...The main purpose for SSPN is to encourage education saving with tax incentives.
wym6977
post Jul 23 2021, 10:56 AM

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QUOTE(mrbean12345 @ Jul 22 2021, 11:19 AM)
Guys, I dont get it, this SSPN allow us to withdraw whenever we want? Not only when our kids going to uni?

If it allow us to withdraw anytime, why are there still many people dont invest money in SSPN? it's 4%, much higher than FD tho. What am I missing out?
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Do not assume the dividend will be 4% ya, it is not guarantee ...The main purpose for SSPN is to encourage education saving with tax incentives.
wym6977
post Dec 31 2022, 02:18 PM

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QUOTE(celciuz @ Dec 31 2022, 12:38 AM)
Dang it, I just realized I have not used up the RM8000 tax relief limit. What is the ways available for topup now? I tried the website but it showed me error ._.
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can use BoostXSSPN, up to yr spend limit available.
wym6977
post Mar 14 2023, 10:24 PM

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Without tax relief, guess many will not continue with SSPN...It's a pity they wasted all the past years effort to promote SSPN. Gov should maintain the tax relief at least targeted to certain income group.

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