Hong Leong MSIG Takaful

I'm wondering what it is point of doing the above:
Register online, deposit money in the morning, withdraw at BI ATM at the night.

I thought the whole idea of SSPN is for tax relief and child education fund.

Since you did ask about it, I'm sure you have the instinct to kick start for the project.
Now is in incubation phase; information gathering.

This post has been edited by CardNoob: Jul 4 2019, 02:14 PM

I'm assuming that you have children for the RM 8k tax relief.

Obviously cannot.
If entitled, I had done it 10 years ago when it first introduced.

This post has been edited by CardNoob: Jul 4 2019, 02:21 PM

Provided if the government is still going to extend for the tax relief.

No need to wait for so long.

You should be put BI as well:

CC --> Bigpay --> Boost --> SSPN ---> BI ---> CC ---> BP ... infinite loop

Bank Islam

I don't need RM 10k per month at all!
RM 8k tax relief is for the whole year.
I just need to accomplish my annual mission for tax relief.

This post has been edited by CardNoob: Jul 8 2019, 08:01 PM

As I said I'm not aiming for other better investment at all.
The sole purpose is just to achieve RM 8k per year.
I can do it in December and withdraw in January of the following year.
Repeat the process as long as the system captures the net deposit of the year as RM 8k per assessment year.

This post has been edited by CardNoob: Jul 8 2019, 08:05 PM

Still more than enough if I need RM 8k per year.

I don't need RM 10k per month for BP to achieve above right?

This post has been edited by CardNoob: Jul 8 2019, 08:13 PM

I can forgo one year with RM 0 deposit and don't claim the tax relief for that year with no deposit.
The following year I deposit RM 8k.

Isn't this fulfill too right?

Year 1: RM 8k
Year 2: RM 0k
Year 3: RM 8k
Year 4: RM 0k

P/S: This is solely based on financial affordability. Government is NOT forcing everybody to contribute/deposit.

This post has been edited by CardNoob: Jul 8 2019, 09:00 PM

You work with LHDN or PTPTN?
Why are you picking on this?

No deposit sure won't claim for tax relief.
I don't get love letter invitation to drink coffee at LHDN office.

This post has been edited by CardNoob: Jul 8 2019, 08:40 PM

Can do at ATM; not sure for online.

This post has been edited by CardNoob: Jul 14 2019, 12:07 PM

Wow, they know also!

Cash also not acceptable?

Yes for PTPTN/SSPN.