how do i get the tax statements prior to YA2016? TQ

the SSPN dividend rate for 2016 is 4% as announced in feb, is the value already reflected on you guys statement ?

http://www.thestar.com.my/business/busines...nd-sspn-i-plus/

Isn't SSPN a separate tax relief from insurance?

edit: typo

Sure? Last round when I was there I was told it applies to the insurance category not the SSPN category for tax relief.

That covers SSPN savings. SSPN-i is a new product, and hasil's website doesn't specifically mention it. SSPN's own advertising says RM12k deduction but Hasil says 6k for net SSPN savings, hence the additional 6k comes from where? The only other 6k is life insurance/KWSP...

If I put 2 month and I withdraw, will I get the pro-rated interest?

Ah gosh just found this post. I missed the boat of rm6k tax relief. 😭. Luckily still got 2017 to claim. So if i open an sspn account from bank at dec 2017, then when can I print the the tax relief statement?. Plan to print it out then withdraw.

So how much u leave it in the account? Min rm20?

don't know how ptptn calculates dividend. to get 57 sen, the rate is 3.4675% (if based on 1 day ala EPF) but it was 4% for 2015 deposits! however 4% x 1/365 = 66 sen.  :confused:

at least for EPF we know that EPF will use 1 day for the month of deposit irregardless of the date of deposit.

If 2018 will revert back to 3k only, is it still worth putting in? Anyone did some analysis? Tax noob here.

Hi guys, if my child is only 1 year old, is it not advisable to put the funds in this sspn account since the fund will be locked for another 17 years?

Assuming 24% tax bracket, my saving would be 24%/17years=1.4%
plus whatever dividend declared annually, am I on the right track?

and another thing is about withdrawal:

Full withdrawal is only allowed in the following situations:

1) Child offered a place in approved higher learning institution.
2) Child voluntary withdrawal from education system.
3) Child has been expelled.
4) Suffering from incurable critical illness certified by doctor.
5) Depositor/child total and permanent disability or death.

Meaning that if my child going to oversea for uni, I wouldn't be able to withdraw my saving in sspn?

Thanks in advance for the clarification.

so...the rule can withdraw only once a year, and only after 1yr of account opening no longer applies?


ptptn page says, and i quote:
"Pendeposit boleh membuat pengeluaran/ penutupan akaun pada bila-bila masa tertakluk kepada peraturan yang ditetapkan oleh PTPTN."

where to find out what are the latest "peraturan"?

Time of the year to top up for tax relief... 

Any charges for open account / add $$ / withdrawal / close account if done at maybank/rhb/ejen SSPN-I ? (other than at PTPTN branch)

Becoz I saw this at PTPTN website:

Soalan 21:
Adakah caj dikenakan jika ingin mengeluarkan simpanan SSPN-i?

Jawapan:
Tiada caj dikenakan kecuali melalui ejen yang dilantik..
Looks like withdrawal at bank will get charges ?? 

thanks for the info, from your previous post, it seems that you had made withdrawal on January 2016/17, are those withdrawal did at PTPTN branch?

Thinking want to go MBB or PTPTN office do account opening, not sure they give free gift or not. Also MBB will be easier coz I can direct transfer fund. PTPTN have to bring cheque or other method..

How to use Maybank to deposit? Never knew got this feature....

Is it only will get goodies bag when you go PTPTN branch? Go bank deposit $$ will get goodies bag ka ?

too bad my kids is not eligible for the free rm500

anyway for tax rebate purpose, i m still abit confuse

for eg
year 2018 -deposit rm 6k , LHDN can claim 6k
year 2019 - withdraw all, tak boleh claim
year 2020 - deposit 6k, can i claim ?

Individual income tax breaks for the National Education Saving Scheme will also be increased from RM6,000 to RM8,000
Read more at https://www.thestar.com.my/news/nation/2018...hF7kVelOtUjJ.99

Any withdrawn almost 100% of SSPN before? Is it possible? If so, what is the process, and how long does it take before it is banked in?