When is the divided date ?

usually abt 2 months after EPF announcement.

oic... hehe when is EPF announcement ..?

abt 2 months before SSPN announce.
jus cannot help it...guess it will be end Feb/Mar?
check in EPF thread?

FYI - got my Penyata for 2014 tax filing online already
U may want to try. Note - the web server is a bit iffy on/off crashes
https://epay.ptptn.gov.my/saving/sspnlogin.html

thx 4 da info. how much effective tax savings we shd expect bro

huh? SSPN tax relief is up to RM6K per annum
thus if your tax bracket is 26%, that's $6K *26% = $1560

Now the fun part...
I put in another $5.5K only BUT i've $6K tax relief
DUE TO the interest re-invested
which is counted as "additional invested for the year"

heheh - U do the maths for that

thx for advice from sifu2 in this forum, yes I did

if take out half way, then will get pro rate interest?

That's plus point many fail to see... some say that's not right.
We copy the correct amount shown on "AMAUN LAYAK PELEPASAN CUKAI BAGI TAHUN TAKSIRAN 2014" and LHDN can't tell us that's wrong.

There could be LHDN ppl looking at this later they close the loophole

jk

Is the SSPN interest calculated on the same basis as EPF (interest calculated from the last day of the month even if the deposit is made on the first day of the month)?

TQ

When PTPTN will announce Dividend for 2014?

Second Education Minister Idris Jusoh launches SSPN-1 Dividend at Dewan Tun Hussein Onn Putra World Trade Centre (PWTC) at 1000 (0200 GMT)

So what's the dividend rate for 2014 ?

guys, I have been thinking about SSPN. Hope someone can shed some light on this. Is SSPN really a good medium to save money?

Let's say I save RM6k this year, and get the max deduction of 26%, I can get RM1,560 refund. Subsequently, this 6k might entitle to a dividend of say 3-4% every year? I can't withdraw this money until my children are being offered a place in tertiary education (no flexibility).

what if I can save the same amount of money in another investment, which generate
more than 5% every year, in the end I will have both higher savings couple with flexibility.

Is my analysis correct?

can tell us what can give > 5% and no investment risk?
if can get of course..you are right in the long term

I made a quick google and found this...this is just an example...more in google

Does it worth to put saving in Skim Simpanan Pendidikan Nasional (SSPN-i)?
http://voyager8.blogspot.com/2013/12/does-...ng-in-skim.html

The other instrument you can consider is PRS which offers tax deduction also... please ask in the Income Tax thread

Firstly, don't get me wrong of rejecting SSPN, I myself also invest in SSPN. I'm just thinking whether this is the best option with my limited funds.
I don't think there is any investment which has no risk.. it's either low, medium or high risk.
Even saving in SSPN has its own risk, I don't think our money is guaranteed, right? what if one day PTPTN declare bankruptcy as many defaulters.. there goes our money..

Some investments which I can think of... shares with more than 5% dividend yield (probably REIT?), unit trust (like ASW, ASB...)...

YES,...there are BETTER option* out there if the saving /investing horizon is longer.
PLUS having the withdrawal flexibility....
* if one know what to do and have the risk appetite for it.

IF PTPTN declare bankrupt? ..... no need to pay them back.....

This post has been edited by yklooi: Apr 3 2015, 10:41 AM