Hi,

Just got my baby few weeks ago and found about this SSPN thing when filling up my tax return form earlier today. Seems like a good way to get the tax relief with reasonable interest rate (similar to FD). But I have a few questions based on my reading in the SSPN website and this thread, as follows:

1) From the SSPN website, it's mentioned that the withdrawal is only allowed for 10% or RM500, but in this thread I read that this T&C has been revised and now it's free to withdraw anytime. Is it correct? If yes, are there any charges for withdrawal? And if I open the SSPN account via Maybank, can I do the withdrawal online right into my Maybank account?

2) In the tax return form, the max tax relief is RM6k per year, but in this thread it was mentioned that we need RM12k to be eligible for the relief. May I know is this only applicable for the 1st year?

3) I understand that I can open the SSPN account at Maybank branch. Since now we can't make the SSPN deposit via CC, can I use M2U to transfer in the deposit?

4) From the SSPN website, I see that there's another product called SSPN-i Plus, which is SSPN + additional insurance coverage. May I know is the insurance package provided a good package to bundle with? Or it's better to go with the normal SSPN and buy the separate insurance outside?

Thanks

I smell it's gone with d wind
U can withdraw anytime

Yes

no worries. Can withdraw..

My fren withdrawn b4

question...i went to CIMB that day to enquire about SSPN, I was attended by one of the general enquiry clerk, an uncle (40++) quite know-it-all fellow (my own impression)

apparently the one thing that he told me and i remembered, was IT IS DAMN HARD TO WITHDRAW THE MONEY...THE PAPERWORK IS A LOT...AND YOU NEED TO WAIT WAIT WAIT...

i am not sure if it is true or he is just damn lazy to help me with it...

let say i need money for my ailing pet....need the money for surgery...can i withdraw it like my other savings account in Maybank??

of course it won't be as easy as withdrawing money from saving account in Maybank....

but I am sure after reading from the past many postings in here, it won't be "NEED TO WAIT WAIT WAIT......" that long.

for more info,..try their link

http://www.ptptn.gov.my/web/guest/simpanan...penutupan-akaun

SSPN Statement for income tax purpose can be generated.

Can we withdraw just like that? I thought there is certain condition like if your children go to University?

Submitted withdrawal form on 7th Jan (Sat)
Withdrawal reflected on SSPN on 16th Jan
Money reflected in MBB on 18th Jan

Hi bros, anyone ever withdraw your money from SSPN? I saw from website there are many criteria before u can apply for withdrawal. Can i just withdraw without any reason given?

see the date of this article?
http://www.thestar.com.my/business/busines...nd-sspn-i-plus/