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 SSPN, Skim Simpanan Pendidikan Nasional

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hyzam1212
post Apr 26 2011, 09:35 AM

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From: Selhurst Park, N9



QUOTE(numbertwo @ Apr 7 2011, 11:23 AM)
excuse me , but this dividend payout is merely following FD rates IMO...

But, dividend isn't the attraction it gets, the tax relief is!  So, pls don't put money here if you are thinking to get some good dividend out of it..
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QUOTE(aeronlim @ Apr 25 2011, 10:31 PM)
forget about SSPN, even when I need to withdraw, I need to wait for 10 working days for withdrawal to get the money.

Btw, it was a good choice for saving RM3k for income tax relief
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I agree with you guys. SSPN is not an attractive place to put your money savings-wise. Its purpose in the first place is for your children education in the future. Education insurance or takaful is the better way to go to be honest. But the tax relief is the major criteria in order to get some exemption. They should put some tax relief on PTPTN payment though, then everybody will pay ma laugh.gif
hyzam1212
post Sep 29 2011, 11:15 AM

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From: Selhurst Park, N9



QUOTE(echoesian @ Sep 29 2011, 10:44 AM)
Withdrawal only can be done after the child get to enroll in a higher education approved by the government? What if I want to withdraw voluntarily?


Added on September 29, 2011, 11:08 amSSPN cannot simply withdraw out the money right?
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Precisely, its not investment-driven but long term gain for your children especially for their education, P is for Pendidikan...there is some penalty I think if you want to withdraw it outside the agreed terms, loss of benefits maybe

 

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