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 SSPN, Skim Simpanan Pendidikan Nasional

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rapple
post Jan 20 2020, 12:01 PM

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QUOTE(Mervin1234 @ Jan 20 2020, 11:09 AM)
if i withdraw from my sspn today, will they still calculate interest for Jan 2020 ? or should i wait a later date ?
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How much you withdrawing? 8k?

1 month interest @ 4% is only rm26.66 per month.

Will you will lose sleep over just for rm26?
Mervin1234
post Jan 20 2020, 12:11 PM

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QUOTE(rapple @ Jan 20 2020, 12:01 PM)
How much you withdrawing?  8k?

1 month interest @ 4% is only rm26.66 per month.

Will you will lose sleep over just for rm26?
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im withdrawing 98K

thats makes up to abour Rm 326 and yes if can i want to earn this interest.

Im a very poor fella.
rapple
post Jan 20 2020, 01:19 PM

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QUOTE(Mervin1234 @ Jan 20 2020, 12:11 PM)
im withdrawing 98K

thats makes up to abour Rm 326 and yes if can i want to earn this interest.

Im a very poor fella.
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I did a calculation before .. you can search in this thread..

No guarantee is accurate. Follow at your own risk.
Mervin1234
post Jan 20 2020, 01:20 PM

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QUOTE(rapple @ Jan 20 2020, 01:19 PM)
I did a calculation before .. you can search in this thread..

No guarantee is accurate. Follow at your own risk.
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thanks
basSist
post Jan 20 2020, 03:32 PM

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Submitted withdrawal at ptptn branch on 15/1 morning. Until now no updated for my online statement.

I think prepare to go BI to open BSA for withdrawal better.
ronnie
post Jan 21 2020, 10:29 AM

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QUOTE(Mervin1234 @ Jan 20 2020, 12:11 PM)
im withdrawing 98K

thats makes up to abour Rm 326 and yes if can i want to earn this interest.

Im a very poor fella.
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nice sum..... buying a new car eh ?
Do let us know how long SSPN takes deposit such big sum to your bank account.
Will you need to declare to BNM ?
cenkudu
post Jan 22 2020, 08:38 AM

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QUOTE(clickNsnap @ Jan 9 2020, 09:40 PM)
Just curious, to continue get the tax relief next year, if I take out RM50k in Jan 2020, I must put back RM50k + RM8k (Total of RM58k) in Dec 2020, in order to enjoy the RM8k tax relief for next year, right?

Btw, where did you go to withdraw, SSPN office or Bank Islam?  hmm.gif
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new to this SSPN, does that mean as statement above, we need to have fresh 8K every year to get the tax rebate? Example 8K for taksiran 2019, 16k for taksiran 2020, 24k for taksiran 2021 to be deposit/in account in at least december to enjoy the maximum pelepasan cukai?
Dexter
post Jan 22 2020, 09:26 AM

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QUOTE(cenkudu @ Jan 22 2020, 08:38 AM)
new to this SSPN, does that mean as statement above, we need to have fresh 8K every year to get the tax rebate? Example 8K for taksiran 2019, 16k for taksiran 2020, 24k for taksiran 2021 to be deposit/in account in at least december to enjoy the maximum pelepasan cukai?
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Yes. The bold amount above should show or list as carry forward balance as of 31-Dec each year for full tax rebate eligibility.
LostAndFound
post Jan 22 2020, 09:51 AM

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QUOTE(cenkudu @ Jan 22 2020, 08:38 AM)
new to this SSPN, does that mean as statement above, we need to have fresh 8K every year to get the tax rebate? Example 8K for taksiran 2019, 16k for taksiran 2020, 24k for taksiran 2021 to be deposit/in account in at least december to enjoy the maximum pelepasan cukai?
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Correct but don't forget that in 2020 you will get interest on your 2019 amount (assuming you didn't deposit on Dec 26th).

This interest is not counted as part of your fresh 8k. So by end of 2020 you need more than 16k inside actually.
cybpsych
post Jan 22 2020, 11:01 AM

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QUOTE(cybpsych @ Dec 6 2019, 04:02 PM)
if you look at the penyata hasil, the formula is excluding the dividend for net deposit.

user posted image
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QUOTE(cenkudu @ Jan 22 2020, 08:38 AM)
new to this SSPN, does that mean as statement above, we need to have fresh 8K every year to get the tax rebate? Example 8K for taksiran 2019, 16k for taksiran 2020, 24k for taksiran 2021 to be deposit/in account in at least december to enjoy the maximum pelepasan cukai?
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look at the formula on how to determine "nett deposit" for tax relief.
cenkudu
post Jan 22 2020, 03:10 PM

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clear...thank you. basically need fresh fund every year of RM 8K
MGM
post Jan 22 2020, 03:40 PM

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I intend to transfer out rm15k from SSPN>BI on 1Feb2020(FT holiday) via BI's ATM. Should be ok and can get the money on the same day right?
xuzen
post Jan 22 2020, 04:01 PM

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Last year a dividend yield of 4% was declared on the 29th of Jan 2019.

Watch this space for the upcoming dividend announcement.

This post has been edited by xuzen: Jan 22 2020, 04:04 PM
247365
post Jan 22 2020, 04:21 PM

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QUOTE(MGM @ Jan 22 2020, 03:40 PM)
I intend to transfer out rm15k from SSPN>BI on 1Feb2020(FT holiday) via BI's ATM. Should be ok and can get the money on the same day right?
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instant
saitong09
post Jan 22 2020, 08:47 PM

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QUOTE(xuzen @ Jan 22 2020, 04:01 PM)
Last year a dividend yield of 4% was declared on the 29th of Jan 2019.

Watch this space for the upcoming dividend announcement.
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Hopefully can sustain 4%
wym6977
post Jan 23 2020, 12:15 AM

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QUOTE(saitong09 @ Jan 22 2020, 08:47 PM)
Hopefully can sustain 4%
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I think difficult to keep to 4% looking at other gov related fund performance...It still a bonus as the main intention is for tax relief..
smartfreak
post Jan 23 2020, 07:32 AM

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QUOTE(MGM @ Jan 22 2020, 03:40 PM)
I intend to transfer out rm15k from SSPN>BI on 1Feb2020(FT holiday) via BI's ATM. Should be ok and can get the money on the same day right?
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It's should take effect immediately with 50 cents charges on your SSPN account.
saitong09
post Jan 23 2020, 07:41 AM

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QUOTE(wym6977 @ Jan 23 2020, 12:15 AM)
I think difficult to keep to 4% looking at other gov related fund performance...It still a bonus as the main intention is for tax relief..
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If lower than 4%, I believe the withdrawing rate might be increased.
MGM
post Jan 23 2020, 08:47 AM

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QUOTE(247365 @ Jan 22 2020, 04:21 PM)
instant
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QUOTE(smartfreak @ Jan 23 2020, 07:32 AM)
It's should take effect immediately with 50 cents charges on your SSPN account.
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Thanks, so transfer will be instant even on weekend n holidays unless close for maintenence. Is there monthly maintenance ?
247365
post Jan 23 2020, 11:22 AM

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QUOTE(MGM @ Jan 23 2020, 08:47 AM)
Thanks, so transfer will be instant even on weekend n holidays unless close for maintenence. Is there monthly maintenance ?
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no maintenance
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