Now....please correct me if i am wrong.
I decided to use annuity calculator at
http://www.1728.org/annuity.htm

If one is in the income tax bracket ,where you have to pay 10% of your annual income as tax,than i would say you deposit RM 6000 in SSPN and you would get 10% of RM 6000 which is RM600 in tax refund .
Where else if you are in the higher income tax bracket,lets say 20% of annual income is tax.You will get RM 1200 in tax refund.
So for 10% bracket ..you deposit only (5400+600) annualy and if you are in 20% bracket ,you deposit only (4800+1200) annualy.
So to compare with outside investment,
We should deposit only 5400 (10% bracket) and/or 4800(20% bracket) and use different return rate to compare.

The higher income tax bracket you are..the more benefit you gain.

This post has been edited by ahad: Oct 29 2012, 11:46 PM


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