depends on tier...
you can refer to boost thread share in above post

i had some withdrawal earlier.
in this case need add deposit RM33968.60 by 31.12.2019 ?
to get max 8k tax relief
is my calculation correct?


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based on official FAQ, yes, need to deposit RM33,968.60 (offset the withdrawn amount 25,968.60 + net add 8,000 for relief)

Opening Balance	RM 32,229.18	Not counted
Withdrawal	(RM 25,968.60)
Current Balance	RM 6,260.58

hope i get it right

whatever you had taken out in 2019 + Max of RM8k fresh fund in buy end of Dec 2019 to enable tax relief to be declare in April 2020

Thanks, but a friend said must also add the dividend dated 1.1.2019?

what is the actual value you had taken out in 2019?

to know the detailed transaction...see post 2149

This post has been edited by yklooi: Nov 16 2019, 11:25 AM

Yes your friend is right. The previously posted calculation is one way, the other way is like this:-

Amount you need to topup = Current balance - Opening balance + dividend given at start of year + RM8000

The other way to think about it is that by 31st December you should have this amount inside your account:-

End-year balance = Opening balance + dividend given + RM8000

just checked i took out RM32k in Jan 2019, it seems " i did not touch" the Dividend RM171.90.
later made many deposits hard to go add them all.


it seems the opening balance did not include current/2019 dividend, as you can see in my case.

so is the amount RM33968.60 still correct?
or must add that RM171.90 ?

This post has been edited by guy3288: Nov 16 2019, 04:41 PM


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dividend received does not qualified (or added into) as sumbangan bersih to qualify as tax relief value.

Yes i think you are right. Just curious how to use the sspn online table to calculate .............on paper seems like i did not withdraw that dividend,
now i must add back



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I assume you have a better vehicle to gain > 4%. That’s the reason you withdrew a big sum in Jan. Can you share what investment you have done?

try use the baki on the 1/1 + the dividend on the 1/1 + all you input in 2019 - yr out put of 32k?
is the number tally as RM 6,260.58?

Yes i come to the conclusion just use above formula, no headache.


i dont leave money in SSPN, is only for tax relief.
If you want passive return >4% must look out for good FD promotion, highest in hand now BR 4.85% til 2023
if dare take risk buy Bonds,Tropicana Bond 7%
FSm UTs also can get 5+%, Amanah Saham also
Properties even 8-12% if you go for Lelong houses
SSPN dividend is <4%.


I have too many ins and outs that i cant do above suggestion.

but i finally realised that i must add back that dividend RM171.90
as it is included in the RM6260.58.

So the amount for me to deposit by 31.12.19 is RM33968.60 + 171.90
to get exactly NETT RM8k.

Thanks for all those who try to help.

You have withdrawn (32,229.18 + 171.90) - 6,260.58 = 26,140.50.

So you have to deposit (26,140.50 + 8,000) = 34,140.50 by 31/12/19.

I mean where did you keep or invest the amount RM26,140.50 for these few months? For example, FD, shares, etc.

i withdrawed sspn-i fund from ptptn counter. the counter girl said need to wait 14 business days to reach my bank account. is it really need to wait that long time?

That is their standard reply, normally only take couple of days.
But if withdraw btw 1st-7th of the month(for system maintenance??) will probably get it on 8th-10th.

Normally 2 to 3 working days

Yes your calculation is perfect

You asked exactly where that RM26140.50 went to, that is a very difficult Q as i rolled the money around, perhaps i used it to pay creditcards then and use my creditcard allocation to invest somewhere......FYI i withdrew much more that that amount, many times

hi all, about this SSPN for tax relief 8k, i have a few question:

1. for registration, is the SSPN-i Plus the right account? or just the SSPN?
2. if we took out RM8k the following year, will the IRB asked for lower tax paid in coming year tax assessment?
3. under SSPN registration, i choose which type of account? i intend to open for deposit in saving for daughter future education. their choice as per below:
a. akaun untuk anak jagaan yang sah
b.akaun untuk diri sendiri
c. akaun untuk lain lain

hope to have someone guide.

thank you.




This post has been edited by aliluya: Nov 17 2019, 05:38 PM

1) normally most would select the SSPN-I over the SSPN-I PLUS (pay more for takaful coverage)
the different?
https://www.itguy.my/web/know-what/what-are...nd-sspn-i-plus/

2) if a parent deposit RM8k by Dec 2019, he/she can claim tax relief in April 2020
if he take out this RM8k in 2020, he can still claim tax relief in April 2020, but he has to put in RM8k + RM8k by Dec 2020 to be eligible to claim tax relief in April 2021

3) looks like the selection is a)
per this...
https://www.ptptn.gov.my/pelepasan-taksiran...kai-sspn-i-side