Welcome Guest ( Log In | Register )

24 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

 SSPN, Skim Simpanan Pendidikan Nasional

views
     
LostAndFound
post Mar 11 2019, 04:34 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(attentional @ Mar 11 2019, 03:33 PM)
Any idea how is the interest from SSPN calculated? If we deposit end of Dec and withdraw beginning Jan, we shouldn't entitle for full yearly interest am i right?
*
Pro-rated, but I don't think it's calculated daily. They have a monthly cut off point I believe (never tested, SSPN is primarily for income tax benefit, the 4% interest is a bonus).
LostAndFound
post Mar 12 2019, 09:27 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(driedfish @ Mar 12 2019, 09:24 AM)
this also i dun understand....

just leave the money there......so little also want to calculate this and that

its for your kids.... just leave it
*
6k/8k is so little only to some people.
LostAndFound
post Mar 12 2019, 09:32 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(ronnie @ Mar 12 2019, 09:29 AM)
We do have a number of HNWI in here
*
It's fine to be HNWI, but lack of awareness on people's differing status of anything (financial or otherwise) is just immature IMO.
LostAndFound
post Apr 24 2019, 12:07 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(Dexter @ Apr 24 2019, 11:39 AM)
Noted with thanks.

My nearest PTPTN branch is "Pejabat PTPTN Cawangan Puchong (Giant Hypermarket Bandar Kinrara)".
I'll try using BigPay card and update to you guys if can do it.
*
Definitely can, I've been there.
LostAndFound
post Apr 28 2019, 07:39 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(266K @ Apr 26 2019, 04:36 PM)
Can SSPN be used for foundation year fee?
*
The basic SSPN account is just a savings account. You can withdraw anytime and don't need to provide evidence of registration for education.
LostAndFound
post May 4 2019, 06:07 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(266K @ May 3 2019, 12:25 PM)
K Thx, my contribution basically for income tax reduction.
My princess going to start foundation next year, so I still can contribute for year 2020 up till?

2021 to 2023 full time degree, that time cannot contribute anymore?
*
Suggest you need to read the terms. I believe the cut-off is age not educational status, but you should double check.
LostAndFound
post May 22 2019, 07:26 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



That's interesting, so can just withdraw direct from ATM at Bank Islam without waiting?
LostAndFound
post May 22 2019, 09:34 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(wongmunkeong @ May 22 2019, 09:21 AM)
yup
can TRANSFER from SSPN to Bank Islam account too
*
That's very good news.
LostAndFound
post Sep 3 2019, 08:27 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



Anyone know how the interest is prorated? Per day or per month? Is it using minimum balance in period or average balance?
LostAndFound
post Sep 5 2019, 12:25 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(rapple @ Sep 4 2019, 03:46 PM)
I took the time to check back from 2015 to 2018.

I tried using both the method you mention but didn't get the same dividend return.
My findings:

Interest is calculated by - (Deposit Amount/Balance x Dividend % / 12 months) x number of months entitled to.

Transaction between 1st to 16th will entitle for that month of interest. i.e Deposit on 05 Nov RM20 x 4% / 12month * 2 months = RM0.13

Transaction from 17th to 31st won't entitled for that month of interest. i.e Deposit on 30 Oct RM20 x 4% / 12month * 2 months = RM0.13

Just double check again.
Deposit on 14/12/2015, 15/12/2015, 13/12/2016 & 15/12/2016 not entitled to any interest.
Deposit on 4th Dec get me 1 month of interest. Not sure the cut off date for Dec.

[attachmentid=10309933]
*
Interesting. Perhaps they're using weekly or bi-weekly then. Unlikely that any financial institution uses month as unit of calculation....
LostAndFound
post Sep 6 2019, 02:41 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(Mervin1234 @ Sep 6 2019, 11:26 AM)
Just want to confirm if Boost can be used to pay for SSPN-i ?

I tried but transaction failed. Anyone knows why ?
*
Definitely can. But no one can read your mind to tell you why yours fail. I've deposited my sons' SSPN-i repeatedly over past few months
LostAndFound
post Sep 19 2019, 10:17 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(Level 60 Wizard @ Sep 13 2019, 03:33 PM)
Noted. but i cannot afford to continuously bank in rm8k without withdrawing..after 10 yrs it's gonna be rm80k kept inside unable to be used.
*
4% isn't very high returns, but it's quite stable (unless something really bad happens). Can't put all your money in high risk ventures, right? Treat SSPN is FD-equivalent, not bad vehicle to leave it in.
LostAndFound
post Sep 22 2019, 07:11 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(lyc1982 @ Sep 19 2019, 12:08 PM)
so far no way to transfer sspn money into bank account online, correct ?
*
Got, open Bank Islam account, link your SSPN at any Bank Islam ATM.

Catch is you can't transfer from online, you must go to Bank Islam ATM to do the transfer. Still better than withdraw ATM, because you don't need to hold any cash, then you can just transfer to anywhere from the Bank Islam account.

RM0.50 charge for each withdrawal, whether ATM or to account (but of course ATM withdraw got a limit which transfer to account don't have).
LostAndFound
post Oct 3 2019, 10:23 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



Today morning can di.
LostAndFound
post Oct 4 2019, 03:20 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya




Ah now it's down for me and can't login, unlike previous round.
LostAndFound
post Oct 21 2019, 09:35 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(MUM @ Oct 18 2019, 05:28 PM)
I think the normal SSPN is no more...
now left with either SSPN-I and SSPN-I PLUS
*
SSPN-I is the 'normal SSPN' la, what's the diff?
LostAndFound
post Nov 16 2019, 01:55 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(guy3288 @ Nov 15 2019, 07:44 PM)
i had some withdrawal earlier.
in this case need add deposit RM33968.60 by 31.12.2019 ?
to  get max 8k tax relief
is my calculation correct?
*
QUOTE(guy3288 @ Nov 16 2019, 09:42 AM)
Thanks, but a friend said must also add the dividend dated 1.1.2019?
*
Yes your friend is right. The previously posted calculation is one way, the other way is like this:-

Amount you need to topup = Current balance - Opening balance + dividend given at start of year + RM8000

The other way to think about it is that by 31st December you should have this amount inside your account:-

End-year balance = Opening balance + dividend given + RM8000



LostAndFound
post Nov 25 2019, 08:48 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(MasterConfucion @ Nov 25 2019, 08:32 AM)
Hi all,

Im new to sspn and just did my first deposit via jompay in maybank2u.

How do I check if my deposit went through to my sspn account? I log in my sspn account and can only see previous month statement.
*
Click on the account number
LostAndFound
post Dec 2 2019, 08:46 AM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(cklimm @ Dec 2 2019, 07:17 AM)
Eh guys, is there any downtime between sspn and bank Raykat atm?
I found sometimes can withdraw sspn from atm, but now cannot
*
Yesterday night Bank Islam can. Today I think got some issue as I'm unable to deposit as well.
LostAndFound
post Dec 2 2019, 12:02 PM

Look at all my stars!!
*******
Senior Member
6,257 posts

Joined: Jul 2005
From: UEP Subang Jaya



QUOTE(mickeysew814 @ Dec 2 2019, 11:24 AM)
hi. is the withdrawal easy? wont be take long time to approve right?
*
Link with Bank Islam/Bank Rakyat even easier. No need form, and its just about instant (to a savings account).

24 Pages « < 2 3 4 5 6 > » Top
 

Change to:
| Lo-Fi Version
0.0306sec    0.35    7 queries    GZIP Disabled
Time is now: 30th November 2025 - 09:01 AM