press conference.

wait for normal news later.

just an advice to those opening Bank Islam to link with SSPN account.

BI seems to have very strict rule to your MyKad -- printed address vs chip address

they die-die must validate both information is EXACT.

here's the FAQ >> https://www.ptptn.gov.my/faq-insentif-belan...apatan-individu

it showed some scenarios on how "simpanan bersih" or "net savings" determined for tax relief.

just sharing.

went to ptptn office @ amcorp mall last Thursday (4 July).
did a full withdrawal (close account*). if not closing, need to keep min RM20 balance.
staff helped filled up small form (A5 size). office is quite empty, few counters.
done everything in less than 15mins.
received fund in maybank account on Friday (5 July).

*dont ask. govt transfer money to me, but created SSPN-i account (my name) with the money in it. freaking troublesome to withdraw.

tried Bank Islam method. damn packed due to many students opening account for ptptn. wasted my trip there (2 times) cuz mykad chip address is different than printed address. Bank Islam refused to open account based on this.

thanks for sharing this.

if it's editable, then no harm. just make due diligence when filling up the form.

get the sspn statement ready, same like insurance annual statement, etc.

http://www.bankislam.com.my/home/personal-...p/ptptn-sspn-i/

based on official FAQ, yes, need to deposit RM33,968.60 (offset the withdrawn amount 25,968.60 + net add 8,000 for relief)

Opening Balance	RM 32,229.18	Not counted
Withdrawal	(RM 25,968.60)
Current Balance	RM 6,260.58

hope i get it right

http://www.bankislam.com.my/home/personal-...p/ptptn-sspn-i/

who won here?

Parents net RM20,000 for kids’ education in PTPTN draw

https://www.malaymail.com/news/life/2019/11...tn-draw/1813099


Winners of the ‘Cabutan 15 Tahun SSPN-i’ and ‘Cabutan Wow! SSPN-i Plus 2019’ draws receiving mock cheques during the prize-giving ceremony at Sunway Velocity Mall on November 23

https://www.ptptn.gov.my/pelepasan-taksiran...kai-sspn-i-side

if you look at the penyata hasil, the formula is excluding the dividend for net deposit.

https://www.sspn.com.my/buka-akaun-sspn-i-di-bank-rakyat/

online sspn portal reload via FPX also instant update. good for this remaining month to topup till max tax relief.

anything from counter?

https://www.ptptn.gov.my/esmas-open-acc-web/#/openAccount

account is opened under Pendeposit (depositor). you need to enter the details for Penerima Manfaat (beneficiary) --- for your kid or yourself.

FAQ >> https://www.ptptn.gov.my/faq-simpanan-side/faq-sspn-i

23. Siapakah yang layak mendapat insentif pelepasan taksiran cukai pendapatan?
Ibu bapa dan ibu bapa angkat/ penjaga yang sah dari segi undang-undang yang menyimpan dalam akaun SSPN-i untuk manfaat anak diberi pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000.00 setahun berdasarkan jumlah simpanan bersih tahun semasa.

Kategori kelayakan adalah seperti berikut:

Taksiran Berasingan : Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 SEORANG setahun.
Taksiran Bersama : Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 setahun.

Individu yang menyimpan untuk diri sendiri TIDAK LAYAK untuk mendapat pelepasan taksiran cukai pendapatan.

follow the form. flow is clear.

the account would be opened under Pendeposit.

can

1 depositor -> 1 beneficiary only

multiple depositors (no limit) -> 1 beneficiary

4) Setiap pendeposit hanya boleh membuka satu akaun untuk penerima manfaat yang sama.

7) Pendeposit yang berbeza boleh membuka akaun SSPN-i bagi penerima manfaat yang sama dan tiada had bilangan akaun bagi setiap penerima manfaat.

This post has been edited by cybpsych: Dec 17 2019, 08:28 AM