You are the one who creating some third date with no basis.


Posting dates have always been later, which is why there's hundreds of posts in this very thread people complaining "eh why my ShopeePay deposit still not reflected 5 days later".

You are literally complaining because a bit of text on a new, under-maintenance webpage is DIFFERENT from what it used to be. And you want to talk about facts? Everything we know on dividend calculation is a combination of information from PTPTN agent and our own calculation based on historical dividend. But now you are saying that "it is the recorded date which counts for dividend calculation", ASSUMING that the date shown in website is the correct date. This one you count as black and white? When not a single customer has yet received any dividend (or not received dividend) based on this new displayed date?

Then again, seeing as you can create some magical third date, but when I point that out you say 'third deposit date' as if that's the same as a third 'deposit date' - maybe the problem is just comprehension. Please go ahead and worry about what you think has changed.

Cap to 50k total transaction. If you only have one individual bank islam account then effectively limit to 25k per day. If you have two individual (e.g. yourself and spouse) then can move 50k from your SSPN to 3rd party Bank Islam, then that person can move the 50k to wherever.

I have maxed out 8k every year (mostly 16k since both for myself and wife) since opening accounts when the kids were babies.

If you're asking whether the tax relief of 8k is worth it.... it's about RM2k less I have to pay to government at my tax bracket. And its not like every other tax relief where you actually have to spend and buy something, its literally putting aside savings for your kid's education. The dividend used to be decent too, now seems a bit worse, but lose 1% on there is not an issue when gaining 2k every year from tax relief plus additional 1% on full amount during ganjaran kesetiaan month.

Roughly calculating, definitely the dividend + ganjaran over the years is 20+k so far. Income tax benefit slightly more, maybe 25k between me and spouse. That's total roughly one third of the amount I had in the account as of 31st December 2023. Most of the ganjaran is from pumping a few hundred k just for those months la, but as you can see the income tax benefit is more worth (obviously, it's at 26% for me, compared to ganjaran 1%, but ganjaran is much much higher cap).

Another way of putting it, I saved X amount for my kids over the past 10 years, and due to income tax benefit and dividen and ganjaran I now have X+50% saved up. Bitcoin/AAPL/NVDA would have given more of course, but this is savings not investment.

Is Kiplepay SSPN topup now limited to 499?

Depending, if you're in the higher tax bracket then you direct 'earn' more than 20% from income tax deductible already....

Cannot plan so far, this is not EPF which is long lock in, if don't have tax relief then just withdraw and find another vehicle.

This was announced in the app already since last month.

The higher net worth individuals here have done multiple times a month on same SSPN account, no issue. Subject to 50k daily limit if doing transfer online. Most efficient way is to have a second Bank Islam account (different person, perhaps your spouse), transfer one shot 50k to them. Then they receive the funds and transfer out to your intended target.

If you only have your own Bank Islam account, transfer 25k out to your account, then transfer that 25k out to your intended target. Takes twice as long (and double RM0.50 charged which is per SSPN transaction).

Have you ever done this before? In fact paying for SSPN via credit card is not supported at all (ever). You should use one of the supported methods shown there.

Even with old system, early month transactions will take time to update as it is a manual process (and they're updating for dividend every month too), but mid month will be faster. We didn't care because the date shown in system would be transaction date not posting date. Now new system they show new date then only we notice more.

For me, I don't play the date so exact so I don't really mind. There are better vehicles nowadays anyway.

As if its a huge secret, those of us here for a while all know the cut off date. What I'm saying is that it really doesn't matter, especially when you're talking for the relatively small amount you can deposit via ewallet (1k per account per day).

Everyone here is ONLY SPECULATING that the posting date is the 'new' thing that PTPTN is using to calculate cut off, when in fact even years ago every start of the month someone will complain that "why not yet reflected in system" after a week. And then eventually it will be reflected, but show transaction date, and based on actual calculation of returns the dividend does include those amounts.

Now NO ONE has calculated whether the amounts which are transacted in first few days but posted after the 6th is included in the dividend, but people just need to jump and complain as if its confirmed not received.

Pandai to say 'common sense' on matters you guessing only. Ever done any web design work before? Assuming that new website design is somehow coming together with a backend change, rather than the simpler explanation that they're just displaying a different field now?

Malas nak explain panjang2, carry on complaining if it makes you happy.

You can take out anytime.... but if you take out how to get tax deduction for it? Or dividend for the months the money is not there? So far got multiple forumers explain for you specifically how to calculate, giving dates and example amounts, still cannot understand?

If you started the year with 50k, by 31st december you must have added 8k of your money in there.

If you took out the 50k, you must add 58k back.

This is not complicated maths.

Your explanation is bad, why can't he withdraw? He will just need to redeposit more than he puts in before end of the year.

If he withdraw prior to 31.12.23 then he would not have 58k today? Seems like you will just add confusion.

Don't focus on total amount (because that would include 2023 dividend). Just count how much out, must put in that amount + 8k.

You gave a misleading example for total at Dec 31 2024.

Except your example is wrong.... because the total amount shown in your account is your principal + dividend, not just total you have put in.

Ya'll 'make it simple' but focus on the confusing number. Then next year someone say "why my LHDN form only show 7,xxx for SSPN". Even better someone manually change to 8k and kena audit.

How do you check the total amount in SSPN not counting dividend? Or you plan to totally ignore myptptn number in favour of your own count? The correct way is just to keep track how much you put in/take out per year, not total amount (because that would include dividend). Your 'simple' way is not practicable - the number will not match starting 2022. Then is just based on your memory/records over multi-year.

I don't think its per account, its per person. So you, as a parent, had last balance of multiple children at 31st December 2023. When one child 'graduate' so the account is no longer eligible for tax benefit, then that means your total amount held as a parent has dropped by that account's value as well.

Another way of saying - end of this year your total must be 8K + dividend/reward received + amount as of 31st December last year. Since the graduated child was counted in on your last year amount, you need to 'replace' that amount so your personal total can hit by end of this year.

Or... take a gap year, withdraw everything even for other children, and next year start back RM8k =)

Doubt it. The amount is not per child, it is per parent. Want to maintain then need to move the whole lump sum over from the adult account to the remaining child account.

Dunno why you say borrow money pump in is worth, the dividend nowadays not that attractive also, and even at top income tax rate the savings is only 2k+. Wanna pump in 250+k to get 2k+.... seems not worth it.