tax relief..




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2 promotion by SSPN-i now:-
a. Simpanan Vaganza from 1/5 to 31/10/15
b. Simpan & Menang from 1/4 to 30/9/15

SSPN-i Plus aims to encourage education savings plan

http://www.thesundaily.my/news/1452340

does that mean we get tax relief if we put in 12k into sspn now compared to 6k previously?

i got this question in my mind too.
i surfed their website...looks likely
Father open a/c for son...can contribute RM 6k
Mother open a/c for same son...can contribute RM 6k
thus total RM 12k
Q: 4 and Q: 6
http://www.ptptn.gov.my/web/english/insent...ih-dalam-sspn-i

1st 6k is for savings n 2nd 6k is for takaful premium

got any links where i can get more info on that?
need to check the benefits for this extra 6K...

I think it will eat into the existing RM3000 tax relief for "Insurance premium for education or medical benefit".... Which is totally "no good"

Click tis http://translate.google.com/translate?hl=e...us1&prev=search

This post has been edited by wil-i-am: Jun 9 2015, 04:13 PM

thanks...

The 6k tax relief is based on yearly INCREMENTAL balance. Meaning Last year you deposited 6K, you will get tax relief for 6K for 2014 assessment. This year your SSPN account balance must have a NET increase of 6K (Balance is now RM12K)in order to entitle to another 6K relief for 2015 income tax assessment.

I think "Kochin" asked if the tax relief is now RM 12k per year instead of RM 6k previously....

I never heard of 12k tax relief and I just made some deposit last 2 weeks and was told still 6k. But what I do know is I gotten 4 golf umbrellas, 1 backpack, and some other free gifts la.

Bro, which Bank u top up as I didn't get anything when top up last Dec 14?

got this from the web...
Soalan 22 :
SSPN-i Plus dan SSPN-i masing-masing menawarkan pelepasan taksiran cukai pendapatan ke atas simpanan bersih tahun semasa sehingga RM6,000 bagi akaun yang dibuka untuk anak/ anak jagaan yang sah. Jika pendeposit mempunyai kedua-dua akaun, adakah pelepasan taksiran cukai pendapatan yang boleh dinikmati adalah sebanyak RM12,000?

Jawapan :
Tidak. Pelepasan taksiran cukai pendapatan ke atas simpanan bersih bagi SSPN-i Plus dan SSPN-i hanya diberikan sehingga RM6,000. Walau bagaimanapun bagi akaun SSPN-i Plus, pendeposit boleh menikmati tambahan pelepasan taksiran cukai pendapatan ke atas sumbangan takaful yang dibayar kepada pengendali takaful sebanyak RM6,000, di bawah kategori pelepasan bagi insurans nyawa dan KWSP

http://www.ptptn.gov.my/web/guest/pelepasa...ukai-pendapatan

"di bawah kategori pelepasan bagi insurans nyawa dan KWSP".....
not very attractive bcos some had already maxed their EPF at RM6k


This post has been edited by T231H: Jun 9 2015, 09:22 PM

where can i get the same please?
thanks.

and yes, was asking whether the 6k have been increased to 12k indeed?
looks like it is still 6k.

last year rate was 4.25%. not great but not too bad lah.

So the RM12k is very confusing to those earning >RM4545 a month, who would have already maxed their EPF Tax Relief

New PTPTN branch opening promo at Giant Kinrara. Not sure the gifts still available or not.
I think 4.25% is top rate compare to highest FD rate offered by Affin bank 4.33%. Additional advantages of SSPN over bank FD are flexibility of fund withdrawal without penalty and most important of all, semua simpanan dijamin oleh kerajaan Malaysia.