Has anyone done DIRECT withdrawal from SSPN website from 1 May onwards... any delays ?

Online withdrawal has gone back to normal. Withdraw yesterday 6.54pm, today receive.

asking for trouble. next time withdraw to your spouse's bank account then transfer to your account

I think you are quite active in the finance section also, and I think u know how seriously these institution takes AMLA. probably nothing will happen but highly advised to withdraw to own account, otherwise wasting time to sort it out.

Confirm FAILED !!!

any update on this ?

money already revert to sspn account ?

Confirm FAILED !!!

any update on this ?

money already revert to sspn account ?

Not yet. Need to check with BI whether it was reversed or not.

But by right if reversed it should be next working day, but that depends how fast SSPN updates the record i guess.

OK. To summarize my understanding:

1. Open an BSA in BI with debit card and link to SSPN-i (no RM8/year)
2. Do immediate withdrawal at RM1500/transaction via ATM with RM0.50/transaction

Option 2:

1. Submit withdrawal request through SSPN online and this will take 1 business day earliest. Any bank accounts are accepted
2. Any charges???

So the difference between 1 and 2 is the charges and turnaround time.

thank you
epay max rm50 payment , with rm1 fee.
not quite worth.

can pay rm1000 each time ?

anyway to deposit sspn without fee? or can deposit big amount with minimum fee?

Hi all. A question for those who are claiming RM8000 income tax relief. I want to ask about the situation below:

2018 - Withdraw rm20K. Deposit RM10K. No tax relief allowed since withdrawal more than deposit
2019 - Withdraw RM0. Deposit RM8K. For year 2019 can I obtain RM8K tax relief, although for 2018 the nett deposit is -RM10K?

it's total accumulated withdrawal throughout all years?
new info from PTPTN ka? clarifying coz the officer told be it was yoy only as in:
Year 11 i took out 60K - no tax relief
Year 12 i put in 8K - tax relief on 8K fully

So confident.... but wrong.
Your example is not the same as the one you were replying to. Read carefully again.

If Year 1 you put in 8k, Year 2 you take out 8k, then year 3 put 8k, both years 1 and 3 will be eligible. That's more like the mentioned situation. Yours totally different.

means can reset it to 0 by skipping a year?

Hi all. A question for those who are claiming RM8000 income tax relief. I want to ask about the situation below:

2018 - Withdraw rm20K. Deposit RM10K. No tax relief allowed since withdrawal more than deposit
2019 - Withdraw RM0. Deposit RM8K. For year 2019 can I obtain RM8K tax relief, although for 2018 the nett deposit is -RM10K?

it's total accumulated withdrawal throughout all years?
new info from PTPTN ka? clarifying coz the officer told be it was yoy only as in:
Year 11 i took out 60K - no tax relief
Year 12 i put in 8K - tax relief on 8K fully

below was the Q
(Year 01) 2018 net net was -2K input, thus no tax relief
(Year 02) 2019 net new was +8K input, thus there should be tax relief coz yoy net net only, ignoring above 2018 -ve2K

Your earlier response was 2019 no tax relief - that means it's not yoy net net liao, becoming multi-years accumulated net net
Then your example went..
Year 1 +8K net net;
Year 2 -8k then +8K, net net 0
which is very different from the Q U responded to below

Anyhow.. my personal plan was to rob all except $20 for Year X thus forgoing tax relief, then year X+1 re-start, ie. based on yoy net net tax relief, ie. resets yearly.
that's why i thought something new U found - looks more like misunderstanding or mixed-understanding-response 

EDIT /PS:
Based on your statement "Thumb of rule is the total available funds must be more than what previous years accumulated." - it clearly shows U are stating multi-years accumulated net net wor.. urgh.. so, U found new info? can share from where ar? i gotta replan if so.
REFERENCES BELOW

So confident.... but wrong.
Your example is not the same as the one you were replying to. Read carefully again.

If Year 1 you put in 8k, Year 2 you take out 8k, then year 3 put 8k, both years 1 and 3 will be eligible. That's more like the mentioned situation. Yours totally different.

based on 2016 or 2017 when i was at PTPTN Putrajaya, it's based on year on year (yoy) net net, not accumulated years net net
ie. it resets yearly, just like any taxable or tax relief-able items - not accumulated throughout the years

May i understand yours is based on feedback from PTPTN when?
or published info where?

PS/added:
ok, clarity found direct from the tax man itself - bolded is mine, for easy reading
http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=1&bt_lgv=2
10 Net saving in SSPN's scheme (total deposit in year 2018 MINUS total withdrawal in year 2018)

Yup spot on. Super confident that Wacko 😅

total 8k for all child whose sspn is under your name

if you have more than 1 child.. you can take 8k relief under 1 child
your wife take another 8k relief under the 2nd child (open her own sspn with 2nd child as beneficiary)

of course must deposit 8k + 8k

😁 Ok, thanks. But i have 3 children 😬

Usually how long it take for the fund to credit to my account after i received the email confirmation of transfer from PTPTN?

SSPN-i Plus can right? without beneficiary.
Correct me if i'm wrong.

so if i were to deposit 8k then my parent will be eligible for the tax rite?

Is it everytime deposit to sspn-i via boost, the receipt will be sent to our email? I did not received the email for the receipt.

what is the min amount that need to be remain inside SSPN-I before it's declare terminate?

thank but currently that is the only sole source.
would appreciate if there are more collaborated stories of the same.

and a bit doubtful if just one day within the campaign period.

was thinking to play safe, ideally would deposit one week before the campaign ends and then with draw the week AFTER the campaign ended.