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SSPN, Skim Simpanan Pendidikan Nasional
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memorylane
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 Jan 14 2020, 09:34 AM
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Getting Started
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QUOTE(wirelessdude @ Jan 14 2020, 08:35 AM) I'm new to both SSPN and Boost, so appreciate if anyone can help: 1. Based on Tier 4 of 2 coins per MYR 1 and exchange rate of 2,700 coins for MYR 30, the "cashback" for PTPN top-up through Boost is around 2.2%? This is very good if you further include the ShakeRewards and missions. 2. If (1) above is true, would'nt we try to make out our MYR 4.5K Boost transaction limit to earn the 2.2% and then withdraw lumpsum from SSPN and leave only 8K for tax relief? 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... |
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wirelessdude
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Jan 14 2020, 10:31 AM
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The monthly wallet limit is MYR 4.5K, i.e. MYR 54K a year. QUOTE(memorylane @ Jan 14 2020, 09:34 AM) 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... |
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jefftan4888
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Jan 14 2020, 10:55 AM
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QUOTE(memorylane @ Jan 14 2020, 09:34 AM) 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... You are right.   |
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!@#$%^
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Jan 14 2020, 11:47 AM
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QUOTE(memorylane @ Jan 14 2020, 09:34 AM) 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... dun think there is element of laundering if the money legally belongs to u |
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jenern84
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Jan 14 2020, 12:26 PM
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I try to link my bank account with my sspn account but they request the sspn membership card. I opened my account online, where do I get the card?
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MUM
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Jan 14 2020, 12:29 PM
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QUOTE(jenern84 @ Jan 14 2020, 12:26 PM) I try to link my bank account with my sspn account but they request the sspn membership card. I opened my account online, where do I get the card? you should have your SSPN a/c number ready... forummers had been telling that can link manually with the use of Bank Islam ATM machine |
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jenern84
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Jan 14 2020, 01:57 PM
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QUOTE(MUM @ Jan 14 2020, 12:29 PM) you should have your SSPN a/c number ready... forummers had been telling that can link manually with the use of Bank Islam ATM machine I am using bank rakyat. They request membership card. |
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SUSyklooi
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Jan 14 2020, 01:59 PM
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QUOTE(jenern84 @ Jan 14 2020, 12:26 PM) I try to link my bank account with my sspn account but they request the sspn membership card. I opened my account online, where do I get the card? Try contact ptptn for sspn membership card? |
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talexeh
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Jan 14 2020, 02:36 PM
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QUOTE(memorylane @ Jan 14 2020, 09:34 AM) 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... Forum members here really like to abuse the term "money laundering" when it isn't. The money that goes in & out belongs to you so where's the element of laundering in the first place?  |
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!@#$%^
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Jan 14 2020, 02:57 PM
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QUOTE(jenern84 @ Jan 14 2020, 01:57 PM) I am using bank rakyat. They request membership card. they will snail mail u a letter of account opening |
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ronnie
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Jan 15 2020, 07:50 AM
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QUOTE(memorylane @ Jan 14 2020, 09:34 AM) 2) technically yes... but this will easily flagged by SSPN or Boost or Bank Islam... this is something like money laundering in small amount 'legally'... but your SSPN statement will show all your actions clearly... no one knows what risk is it... i believe Boost also got annual transaction limit if not wrong... Money Laundering according to Oxford the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.Point 1 - No concealment (all shown transparently) Point 2 - Money is not illegal Point 3 - No foreign banks or business is involved |
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goatbernard
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Jan 15 2020, 05:04 PM
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Getting Started
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the offical SSPN statement for income tax not yet to release right? for 2019
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talexeh
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Jan 15 2020, 05:07 PM
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QUOTE(goatbernard @ Jan 15 2020, 05:04 PM) the offical SSPN statement for income tax not yet to release right? for 2019 No & there's no rush for that either. Check again when the filing month draws near. This post has been edited by talexeh: Jan 15 2020, 05:07 PM |
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Barricade
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Jan 15 2020, 10:25 PM
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When we getting our dividend?
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chukahae
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Jan 16 2020, 12:04 AM
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QUOTE(jenern84 @ Jan 14 2020, 01:57 PM) I am using bank rakyat. They request membership card. I have linked my BR account with SSPN account. The counter officer only asks for your ic and acc. number only. |
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Dexter
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Jan 16 2020, 11:09 AM
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Anyone has successful walk-in branch to withdraw $$ from your SSPN account?
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talexeh
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Jan 16 2020, 11:26 AM
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QUOTE(Dexter @ Jan 16 2020, 11:09 AM) Anyone has successful walk-in branch to withdraw $$ from your SSPN account? Are you referring to 2020 alone or any withdrawal throughout the past decade? |
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mickeysew814
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Jan 16 2020, 11:33 AM
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QUOTE(goatbernard @ Jan 15 2020, 05:04 PM) the offical SSPN statement for income tax not yet to release right? for 2019 if i withdraw now, still eligible for tax deduction in 2019 income tax filing right? |
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T231H
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Jan 16 2020, 11:43 AM
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QUOTE(mickeysew814 @ Jan 16 2020, 11:33 AM) if i withdraw now, still eligible for tax deduction in 2019 income tax filing right? read post 2866 and 2870... the tax statement most probably be out in early Mar 20 which will state your "net" contribution (sumbangan bersih) in 2019 which are eligible for tax relief for that year.... your 2020 withdrawal transaction detail will be in 2020 |
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mickeysew814
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Jan 16 2020, 12:54 PM
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QUOTE(T231H @ Jan 16 2020, 11:43 AM) read post 2866 and 2870... the tax statement most probably be out in early Mar 20 which will state your "net" contribution (sumbangan bersih) in 2019 which are eligible for tax relief for that year.... your 2020 withdrawal transaction detail will be in 2020 Okie. Thx! Got it |
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