I dont think can claim tax relief as this need be tied to yr child..

Jfi... withdrawal had been closed since 24 Dec....refee to post 2596 by wym6977

Yes wanted to know too.

No tax relief if the beneficiary isn't your child.

Cannot claim tax relief for own. Can refer to PTPTN website link below:
https://www.ptptn.gov.my/pelepasan-taksiran...kai-sspn-i-side
4. Individu yang menyimpan untuk diri sendiri tidak diberi pelepasan taksiran cukai.

since you are going tomorrow to open a bank a/c,
since the link can be done immediately
since the minimum transfer is RM10 from SSPN to BI atm
can try deposit RM10 more than your earlier intent value and do the transfer withdrawal of RM10 on 31 Dec and tell us the result?
only when you are really free and convenient and when you are also really keen to know that too.

This post has been edited by yklooi: Dec 29 2019, 10:29 AM

We are paying RM1 for the service. That’s called Service Charge.

Thanks for ur guidance.. in this case, will be use as “saving” to get ~4% dividend if next year OPR drop further..

Since people talking about lhdn tax etc etc.

I wonder if all this cashback game, be it from Boost, Credit card will be taxable if they found out?

My guess is they will not take action so soon as they are encouraging this form of traceable payment transactions in businesses. ...
Maybe some yrs later...... Like they had already started to tax e- businessess

those that are in the higher tax brackets will find that the tax relief received will be much better than the gains on the variance of FD rate

I think majority of us save in SSPN for tax relief ...4% dividend is not guarantee depending on SSPN fund performance... If this year can maintain 4% I think syukur already

OT :- For saving can look into high yield saving eg OCBC360, SCB PSA...

This post has been edited by wym6977: Dec 29 2019, 11:53 AM

Go for Amanah Saham if want better return, refer below thread
https://forum.lowyat.net/topic/4866563

I hope not. This is good side income.
Somehow, I think this cash back rewards will not last forever, just grab while you can. Not sure though, just my guess.

Eventually, all good things will come to an end... Cashbacks, Sspn and prs tax relief as well..

In a 14% tax bracket or higher, maximise the 8k tax relief instead of putting in ASM3 is a better option for myself.. just not willing to pay the extra 1k plus tax..

The BI account I open recently looks wasted for now..

This post has been edited by rapple: Dec 29 2019, 07:08 PM

Hi..guys, Im new for sspn.

Wonder if i open account today still can get the tax relief for year 2019?

Anytime we can do withdrawal, right? unlimited amount?

Open account thru e-SSPN website is it the faster way to register new account?

Is it true that in future anyone want to apply for PTPTN also need to have an SSPN account?

Why everyone is using booth to pay for sspn?


Thanks.

This post has been edited by rinapua: Dec 29 2019, 09:06 PM

where can I view the historical dividend distribution for sspn-i plus?

every end of the year when we deposit the money into SSPN, do we need to print our own statement for income tax or SSPN will auto email the yearly statement to us?