As shared by other comments, both mom & dad can claim Rm8k relief per person (if filing tax separately) for the same child (if you have only 1 child).
The 8k was increased from 6k by the PH government. So lets see if they will continue with this by the PN government during the upcoming Budget.

Try loh and see what happens. Since you already plan to withdraw a week after, no harm trying lor. We are keen to know as well.

Would not expect it to be below 3%.

thanks for sharing. Didnt win anything

I read it but really dont think its a windfall lor. Rm1k or RM2k these days are really nothing. Rm1m is a real windfall lah!

Deadline is for 8k. There is no deadline for the usual 6k (its been available for many many years).

I always have problem finding the right login for SSPN-i. I find that there are so many sites so sometimes confused which is the right site to do top-up.

This post has been edited by familyfirst: Nov 11 2020, 08:55 AM

Yes and works best if you have separate income tax filing (not joint account).

I think no restriction for top-up and withdrawal but in order to qualify for dividend calculation, the recent email I got from them indicated 5 Dec.

Yes I am one of the few that banked in during the 1% promo period but very little cos I didnt really know how it works. Moreover, already maxed out the RM8k during that time, so reluctant to bank in much more.

Now I think its a good promo. May consider parking more than 8k this year and will wait for this promo.

So basically there is no limit to how much you can deposit/top up during this promo period but the max bonus ganjaran of the 1% is RM8,000 - betul ka?

This post has been edited by familyfirst: Jan 20 2021, 02:05 PM

I guess there is no cap in depositing but you will only get extra 1% for RM800k deposit (max). So if you deposit RM1 million, the extra RM200k deposit will get usual interest (last year 4%) but without extra 1% ganjaran.

This post has been edited by familyfirst: Jan 21 2021, 08:57 AM

Not sure which thread is appropriate to ask this question so let me try it here.

Planning to withdraw 50k from SSPN (since child is close to 18 yo in coming years) but no idea where to place it after I withdraw. Close to retirement in less than 10 yrs, already contributing 20% to EPF (self contribution), have PRS, have several unit trusts, several fixed income funds and ASM (all 3).

Anything else that can beat/same consistent return as SSPN other than the abovementioned?
Would it be worth topping up/buying new unit trust and withdraw say in 8-10 yrs time?

Thanks.

I guess not. Why would seeing losses be ok when I want to withdraw? Or do you suggest the timeline is too short to see profits?

Does it automatically allocate funds for me based on my risk appetite? I've got to do a lot of research since I didnt follow up on this subject.


Yeah, noted. I know what you mean so UT is not really a good choice for me now.


Yes thanks. Lumpsum placement is higher risk and its not the right time currently. Perhaps wait a while more (until at least Covid-19 is very manageable globally)

Does the 60k limit incl employer's portion? If not, I can consider this option.

This post has been edited by familyfirst: Jan 25 2021, 03:15 PM

Oh thanks for this clarification. Then there is much room for additional contribution then. Kam sia.

Yep, im waiting for this 1% ganjaran too

But announcement was made on 1st week Feb so shd be anytime kua.

I am also waiting