i checked with ptptn person, sspn is for individual with not more than 30 years old. and i read from the FAQ of sspn, is not eligible for tax relief

do u really know what are u talking about?

mind point out and share your point? i m speaking of what i asked from the ptptn staff

Question 3 :
What are the types of accounts that can be opened?

Answer :

Category 1 :

Account opened by the parent/ legal guardian/ other citizen for beneficiary aged 1 day up to 29 years.

Category 2 :

Malaysian citizen aged 18 and up to 29 years old has an option to open individual account or to be beneficiary for an account opened by parent/ legal guardian/ other Malaysian.

Category 3 (Individual Account):

Malaysian citizen aged 29 years and above are required to open an individual account.

Question 5 :
What is the saving benefits?

Answer :
SSPN-i offers the benefits are as follows:

Eligible to apply for PTPTN financing.

Tax relief assessment on current year net savings up to RM6,000.00 per year;

Free takaful coverage for depositors who have savings of RM1,000.00 and above*;

Award of Matching Grant up to RM10,000.00 for an eligible family**;

Savings guaranteed by the Government;

Competitive dividends exempted from income tax; and
Saving facillities on PTPTN branches and over 3,000 branches SSPN-i agents.

guess i have to call to ptptn and ask directly.. the answer i got above are from the booth people..tq for the clarification.

er.. maybe, the quality of the answer DEPENDS HEAVILY on the question asked.
U asked PTPTN for yourself, doing YOUR OWN SSPN savings?
OR
as a parent/legal guardian, for your children/ward?

either that or.. thanks to the education system, PTPTN "officers" menjawab cam tu je

This post has been edited by wongmunkeong: Feb 3 2016, 08:29 AM

yup, i guess part of it also the way i asked her. i asked her for the sspn savings and tax relief. then she said if it is for SENDIRI cannot get tax relief..if for kids only can get tax relief..

What is your actual intention? The T&C is clearly stated on the website. How many times do you want people to clarify for you?

I don't blame you for not reading post clearly. Don't try to cheat post count here.

I think it's your misunderstanding. SSPN tax incentive is only for accounts opened for your children/grandchildren/ward. This has always been the case.

How long ptptn take to bank in the withdrawal money from sspn-i account comparing to the withdrwal date on sspni statement? My stated withdrawal date in sspni statement is on 20th Feb, but up to today still not credited to my saving account.

I heard latest is a week time.

Meaning to say, we still need to wait for another week although the transaction already posted in the statement? I had submitted the withdrawal request on the 15th Feb actually.

That is too long. Better check with PTPTN.

Was told 14 working days starts from the day after submitted withdrawal form, and it was exactly 14 working days in my withdrawal. Money has been withdrawn out from SSPN account on 9th working day and credited into account on 14th working day.

After EPF announced Dividend last week, now awaiting gud news from PTPTN

Historically is somewhere mid to end of April every year and the return is 4.25%. Nothing great. We are mainly using it for fhe tax relief.

Xuzen

So actually does we get the tax relief if we open the spss account for ourselves? Sorry to ask again due to i saw it from the spss official website, there wrote: Individu yang menyimpan untuk diri sendiri tidak diberi pelepasan taksiran cukai.

So still confusing whether we get tax relief or not if the account is opened by ourselves and not by parent.

why do you want to get tax relief for? are you working and is your income bracket subjected to tax?

Which part of this sentence do you not understand? Are you a Malaysian or a foreign citizen? To me that sentence is crystal clear!

Xuzen

This post has been edited by xuzen: Feb 28 2016, 09:59 AM