Does anyone knows if the SSPN dividends calculated by monthly or just year end closing ?
Want to evaluate if it make sense to park the money somewhere else first the earn the interest before DEC.

delete. found the info.

This post has been edited by GregPG01: Oct 21 2023, 02:04 PM

No more tax relief from next year right (year assessment 2024) right ?

KUALA LUMPUR: Depositors of the National Education Savings Scheme (Simpan SSPN) will continue to enjoy income tax relief until 2024 on net savings of up to RM8,000 per year.

"2024" meanings
1. 2024 for the Year of Assessment 2023 ; OR
2. 2025 for the Year of Assessment 2024...

Guys,

Tax relief is still available for "assessment" year 2024 which we only file next year right ?

https://www.ptptn.gov.my/en/pendeposit-simp...gga-tahun-2024/


News in 2023 => "Income Tax Assessment Relief Will Be Available Until 2024" => that is accessment year right OR filing year

Seems like this is the last year for the tax relief if it's not extended.
We can withdraw all and close the account next year.

Website needs improvements.

"Muat Naik Maklumat"
"Waktu tamat sesi"

Log in 10 times, can use 1 time. Then kicked out again.
Crap.

This post has been edited by GregPG01: Apr 8 2024, 09:13 AM

https://www.ptptn.gov.my/simpan-sspn/simpan-sspn-prime/
"*Nota : Pelepasan taksiran cukai individu sehingga tahun taksiran 2024"

PTPTN,
If you are reading this, please update your website.
It should have been extended for another years under budget 2025.

I don't remember reading this. Only saw that it's extended for another 3 years.
Please help to provide source.



https://www.ptptn.gov.my/PelepasanTaksiranCukai/

Taksiran Berasingan :

Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 seorang setahun bagi akaun Simpan SSPN yang dibuka oleh pendeposit untuk penerima manfaat (anak).

Pendeposit Ayah : Syamel bin Yusoff

Pendeposit Ibu : Farrah binti Mustafa

Membuka akaun Simpan SSPN Prime :

Penerima manfaat : Eyman bin Syamel

Membuka akaun Simpan SSPN Prime :

Penerima manfaat : Eyman bin Syamel

Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 setahun berdasarkan simpanan bersih tahun semasa bagi setiap seorang pendeposit.

Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 setahun berdasarkan simpanan bersih tahun semasa bagi setiap seorang pendeposit.

This post has been edited by GregPG01: Feb 10 2025, 11:55 AM

THANK YOU.

No need dispute. The explanation is clear. I guess I will divert those extra 8k somewhere else.

Looking at the explanation, does it means one can withdraw, make the similar amount of contribution and still entitled for the whole deposit amount for the tax relief ?

Example: I have 10K in SSPN, I withdraw 8K. The following week I back deposit 8k. Next year I claim 8K for tax relief ?

Ok but someone mentioned that they don't ask for the withdrawal reason.