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

Everyone? It seems only for those from 1 day to 29 year old. No for people with age 30 or above open for himself /herself.

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

Application is open to anyone with no age limit

Gud Info..

http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

what is item 10 for?

10 Tabungan bersih dalam skim SSPN 3,000 (Terhad)

11 Tabungan bersih dalam skim SSPN (berkuatkuasa Tahun Taksiran 2012 - 2017) 6,000 (Terhad)

Item 10 was "over written" by 11 for 2012 to 2017 filing
Before 2012, max tax relief for SSPN was just up to RM3,000
ie. if i withdrew $2000 from SSPN in Jan 2011, then pumped back in $5,000 in Dec 2011, i'm eligible for tax relief on $3,000 (-2000+5000)

thanks for the explanation.
so one should be pumping in RM6k per annum until 2017 and revert back to RM3k per annum for optimising tax relieve?
i just deposited mine.
thanks.

Good info.

How to register online?
To get annual statement online?

I was WRONG (yes - i do admit mistakes )

Please refer to MGM's old post & screenshot
https://forum.lowyat.net/topic/1819492/+182

Apparently total savings per year = cold hard cash injected +dividends for the year!
eg. 2013 cold hard cash inject + dividends for 2013

Going to go check out the statement online

Thanks MGM!

Updated:
Yup.. dang.. now to optimize this year.. inject only $5K+


This post has been edited by wongmunkeong: Oct 14 2014, 12:13 PM

aiyoh. i over invest liao. i pumped RM6k.
dang it!

i send an email to HASIL to double check. obviously they didnt get the question. This is the reply I got:

Simpanan ke dalam tabung Skim Simpanan Pendidikan Nasional (SSPN) untuk membiayai pelajaran anak-anak diberi potongan kepada individu terhad kepada RM6,000 setahun (berkuat kuasa mulai tahun taksiran 2012 hingga 2017). Potongan yang dituntut adalah terhad kepada amaun tabungan bersih yang dilakukan di dalam sesuatu tahun sahaja.

Contoh:

Dalam tahun 2013 :

Baki Bawa Hadapan: RM 4,500.

Simpanan: RM 2,000.

Pengeluaran: RM 1,500.

Oleh itu, potongan yang layak dituntut adalah RM 500 (RM 2,000 – RM 1,500) sahaja.

Baki Bawa Hadapan sebanyak RM 4,500 tidak diambil kira. Perenggan 46(1)(k), Akta Cukai Pendapatan 1967.
Jika tuan mempunyai pertanyaan lanjut, sila hantarkan pertanyaan tuan melalui Borang Maklumbalas Online kami yang boleh dicapai melalui sambungan: http://maklumbalas.hasil.gov.my

Sekian, terima kasih.

But I guess the dividend is indeed net savings if I dont take it out from the account. So yeah, i can tweak my annual contribution

Just follow the Tax Receipt by SSPN and you can't be questioned because you just follow what it says "AMAUN LAYAK PELEPASAN CUKAI BAGI TAHUN TAKSIRAN xxxx"

Hi all, some questions to ask, I have two SSPN account as got 2 kids. I noticed the interest % payout are not the same, details as below. Pls some one help to enlighten me. Thx.

Acc 1:
Baki awal pada 1/1/2014 : 500
simpanan/pengeluaran bersih sehinngga oktober 2014: 21.25
baki simpanan pada oktober 2014 : 521.25
bakie keseluruhan simpanan sehingga oktober 2014 : 521.25

The interest payout for Acc 1 is 21.25/500*100 = 4.25%

Acc 2:
Baki awal pada 1/1/2014 : 12,127.5
simpanan/pengeluaran bersih sehinngga oktober 2014: 260.42
baki simpanan pada oktober 2014 : 12,387.92
bakie keseluruhan simpanan sehingga oktober 2014 : 12,387.92

The interest payout for Acc 2 is 260.42/12,127.5*100 = 2.14%

I'm surprise to notice that why there is such a huge discrepancy in interest % payout?

Hi how come my online acc don't have such a details breakdown? even I click on the "Details" button. Mind to share how you get this details report?

I believe the interest is not based on the final amount, maybe is daily rest/monthly rest based on ur monthly contributed amount?

There's something weird with your data.. 2014?

Go:
http://epay.ptptn.gov.my/saving/sspnlogin.html

See:


Click on them buttons.

IF U do not see such stuff.. U just started SSPN contribution this year izzit?

U are welcome. Wah even a half-year old post is being dug out. At that time somebody was suggesting it could be a mistake and that I was taking a risk to include the dividend/interest for tax relief.

HI thx for info, I started the SSPN since 2 years ago. Now I'm able to get the details breakdown as you, the reason behind is, I just click on Acc Number instead of the Button at the last column. Thx.

btw, if you click on Acc number only, then you can see the latest statement. pls check it out. thx.

perhaps, i'm not sure about it. Anyway, if you click on Acc number link instead of the Button at last column then you can see the latest statement update. thx.