when is sspn going to announce 2015 dividend rate?

Most likely in Apr 2016

but boss, to be fair to me, i check the statement circa december.
then only in march this year i found out my entitlement was reduced.

i can only act on it if the information is furnished to me timely and accurately.
they have both reacted too slow and given me a wrong information leh.

now i need to be penalised for their errors? hhmmm....

anyway, your mindset is correct. that i would not dispute. gambateh!

-deleted-

This post has been edited by nexona88: Apr 1 2016, 11:36 PM

When purchasing SSP, does one need to indicate 'Normal' or 'Special Edition' ?

I supposed u have mixed up SSP by BSN -v- SSPN by PTPTN

Have a question, just have an addition to the family.

How do I look or search for this SSPN for my newborn?

I was told this is one of the way to file for income tax for the following year.

Here : http://www.ptptn.gov.my/web/guest/simpanan

English version : http://www.ptptn.gov.my/web/english/savings

This post has been edited by kmarc: Apr 3 2016, 09:29 AM

Thanks I've read that, perhaps I'll just drop by any of the supported banks for inquiries.

Another question is compare to typical FD savings or Insurance-type savings for kids, where does SSPN stands?

Depends on dividend for the year. Here's one example: http://senseofmoney.blogspot.my/2009/09/ss...idend-rate.html

Here are some analysis from some bloggers:

http://fyi-penang.blogspot.my/2013/01/sspn...-div-rates.html
http://senseofmoney.blogspot.my/2009/09/ss...idend-rate.html

For me, I put in mainly for income tax relief.

Indeed I have. LOL! tks

Try in UTC PUDU yesterday. Also not allowed anymore... Ask further, officer said no longer accept for SSPN top up...

Still awaiting Dividend for 2015...

I wouldn't call it a 'mistake'. Couple of times was confirmed by PTPTN officers and their agents. Not all will double check what thelaw say so will rely on their information. It a 'mislead' instead. Anyway, it's too late now

Oh no, that's bad news!

Unlike EPF which announce their dividend at press conference thereafter unwittingly invite loads of politician who will then politicize the whole issue; SSPN dividend is a very much subdue affair. They will quietly declare it in the month of Apr @ 4.25% thereabout. Check your statement on or after 30/4/2016, it will be there.

Xuzen

since when?

Will try check end of this month

They told me start from Feb... 😰

Hi,

Just got my baby few weeks ago and found about this SSPN thing when filling up my tax return form earlier today. Seems like a good way to get the tax relief with reasonable interest rate (similar to FD). But I have a few questions based on my reading in the SSPN website and this thread, as follows:

1) From the SSPN website, it's mentioned that the withdrawal is only allowed for 10% or RM500, but in this thread I read that this T&C has been revised and now it's free to withdraw anytime. Is it correct? If yes, are there any charges for withdrawal? And if I open the SSPN account via Maybank, can I do the withdrawal online right into my Maybank account?

2) In the tax return form, the max tax relief is RM6k per year, but in this thread it was mentioned that we need RM12k to be eligible for the relief. May I know is this only applicable for the 1st year?

3) I understand that I can open the SSPN account at Maybank branch. Since now we can't make the SSPN deposit via CC, can I use M2U to transfer in the deposit?

4) From the SSPN website, I see that there's another product called SSPN-i Plus, which is SSPN + additional insurance coverage. May I know is the insurance package provided a good package to bundle with? Or it's better to go with the normal SSPN and buy the separate insurance outside?

Thanks