looks like there is only SSPN-i (SSPN1M) and SSPN-1 Plus....

i maybe wrong , but I think the sspn is for previously no internet version

according to this...."The Skim Simpanan Pendidikan Nasional (SSPN) or National Education Savings Scheme is a savings plan specially designed by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) or the National Higher Education Fund Corporation to enable parents/guardians to invest for their children's higher education. "


according to Maybank.....

"Documents Required
Completed SSPN Application Form
Completed deposit slip with an initial deposit of minimum RM20.00
Copy of MyKad/Military Card/Police Card of the depositor
Copy of MyKid/Birth Certificate/MyKad of the child
Certification of Adoption (if the SSPN account is meant for an adopted child)
Copy of Payslip/J Form/Confirmation of Income of Depositor and spouse (only applicable for depositors who wish to obtain Matching Grants ("Geran Sepadan") incentive."

https://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

according to PTPTN .....
"Hanya Borang Pembukaan Akaun SSPN-i diperlukan."

or use the online version....
Pembukaan Akaun SSPN-i
https://www.ptptn.gov.my/pembukaan-akaun-sspn-i-side

googled and fount this.....
Should You Invest in SSPN?
https://mypf.my/2017/05/11/should-you-invest-in-sspn/

Q: Can I open a SSPN-i account if it is not my child? Can I claim tax relief?
You need to be the legal parent or guardian of the child. Tax relief is only for the legal parent or guardian.

while waiting for their responses.....
I googled and found this....
(read FAQ 13 ~ 16, especially example on 16)

hope it can helps....

https://www.nbc.com.my/blog/faq-rm6000-tax-...cation-savings/

Skim Simpanan Pendidikan Nasional (SSPN) which has been increased to RM8,000 from RM6,000.

https://ringgitplus.com/en/blog/Budget-2019...Your-Money.html

Baki akaun 2018	RM6,000
Pengeluaran deposit 2018	(RM3,000)

if I assume the baki akaun is in 2 Jan 2018, then no contribution in 2018, thus no tax relief to report in April 2019,
but if you did a contribution of RM5000 in 2018, then net contribution would be RM5000-RM3000 = RM2000,...thus RM2000 tax relief to report in April 2019

if I assume the |Penambahan deposit 2019 |RM8,000| is made in 2019, then tax relief report in April 2020....

just not sure if the tax relief will be from calculation from RM8000 or they will need to deduct the RM 3000 (that which was withdrawn in 2018), thus the calculation will be from RM8000 - RM3000 = RM5000....

** there was a similar question posted in post 1208, by forumer ableze_joepardy, ..just not sure the replies
This post has been edited by MUM: Dec 23 2018, 12:47 PM

yes, looks like it....and I think will have to add in too.....

BUT, BUT....maybe it is still an open loophole??

just like previously closed loophole about the sumbangan bersih was inclusive of the dividend received which many had managed to enjoy contributing less before being closed....

the argument point/ not so clear point is....
"Potongan yang dituntut adalah terhad kepada amaun tabungan bersih yang dilakukan di dalam sesuatu tahun sahaja. "

http://lampiran2.hasil.gov.my/pdf/pdfam/BP_BE2010_1.pdf

it is read as "net contribution in any 1 year only?"

This post has been edited by MUM: Dec 23 2018, 03:30 PM

googled and found this....

https://www.ptptn.gov.my/faq-simpanan-side/faq-sspn-i


Attached thumbnail(s)

read post 1281 + some posts down from there.....maybe you can find the answer

This post has been edited by MUM: Dec 27 2018, 03:48 PM

yes,..check this....

http://voyager8.blogspot.com/2018/02/ptptn...d-for-sspn.html

while waiting for responses....
I will go with that.....

most probably they have not declare the interest/dividend rate to pay for money held with them in 2018

try read post# 1202 & 1219.....both posts replied by former Rapple

while waiting for his responses....
I think theoretically if you deposited in Dec 2017.....then you should just get abt 1 month of interest...

yes...it just came out....

SSPN-i education account holders to receive extra 0.5% reward

Nation, Tuesday, 29 Jan 2019, 2:11 PM MYT

Read more at https://www.thestar.com.my/news/nation/2019...KlhoTivHfuZf.99

PTPTN announces 4pct dividend for SSPN savings scheme
Bernama | Published: Today 6:13 pm

https://www.malaysiakini.com/news/462208

added reminder note for 2019...
"During the tabling of the 2019 Budget, the tax relief incentive for SSPN has been increased from RM6,000 to RM8,000 for year assessment of 2019,”

maybe data from post# 26

how to buy bond
https://forum.lowyat.net/topic/4728164/+20#entry91666246

can show abit of light?

at times, at certain entities....many things can be waived too....
like the ASNB FP funds?

The eligibility to receive this SSPN-i Loyalty Rewards extra 0.5% dividend is:

# Account has been opened before year 2016.
# Consistent new deposit has been made during year 2016, 2017 and 2018.
# No withdrawal has been made during year 2016, 2017 and 2018.
# Minimum balance in account is at least RM1,000 by 31 December 2018.
# Accumulate at least RM500 new deposit into the account during 1 January 2019 until 30 April 2019.
# The 0.5% dividend is given for the amount of new deposit during 1 January 2019 until 30 April 2019.
# Maximum amount to be given would be RM8,000 per account.

http://voyager8.blogspot.com/2019/01/ptptn...th+Voyager)&m=1

thus assuming one put in RM8000 in the beginning of Jan......
may get about RM8000 x 0.5% extra = RM 40 extra than others this time round.

last year matching grant GS500......deposit RM500, gets RM500

This post has been edited by MUM: Jan 29 2019, 09:26 PM

found this research paper on the net...
if those are interested and got free time can read lah....

The sustainability of the PTPTN loan scheme
A Research Paper by Penang Institute...December 2016
https://penanginstitute.org/wp-content/uplo...l_16Dec2016.pdf

got this from the site...not sure of latest validity....

Matching Grant
Matching Grant is a financial incentive given only to a family whose household income does not exceed RM2,000 RM4000 per month (effective 1/1/15).
The amount of Matching Grant (up to RM10,000) will depend on the duration and amount of savings.
The longer the duration of savings and the greater the amount of money saved, the greater the amount of Matching Grant given.

Matching Grant Prerequisites:-
Family household income does not exceed RM2,000 Rm4000 per month;
The beneficiary has been offered and has registered to study in a higher learning institution endorsed by the government; and
At the time of application, the beneficiary must below than 29 years old.

Commencing 15th January 2010, Matching Grant eligibility will be determined base on the family household income at the time of closing the account(s).
The latest certified income statement as well as a copy of the spouse’s MyKad/Military/Police Identity Card must be submitted along with the withdrawal application form.

As for the accounts opened prior to 15th January 2010, Matching Grant eligibility will be determined base on the family household income at the time of opening the account(s). A certified income statement as well as a copy of the spouse’s MyKad/Military/Police Identity Card must be submitted along with the opening of account application form.

https://scholarships.malaysia-students.com/...ional-sspn.html

Before & After 15 January 2010...big different

This post has been edited by MUM: Feb 2 2019, 05:25 PM