Thinking to save total RM6000/annum every year for my 2 kids for tax relief. But my concern is withdrawal, if my kids are not applying PTPTN, can I just close the acct when they are 18 years old or when the time I retired coz that time no need to pay tax? (by the time I retire, my 2nd kid is still in secondary school )

Can I consider interest calculation as follows?
Assume I save RM6K on 1 Jan 2012
PTPTN int rate/year = 3.5% (Assume)
Tax relief = 11%
So can I say my total interest for my RM6K for 2012 is 3.5%+11%=14.5%?

Of course if I dun top up my saving, my int rate will remain at 3.5% per year, right?

Pls advise. Thanks.

Bro, still no answer for it...

A.Savings Withdrawal - I saw somewhere, the amount that allow to withdraw is RM500 per year, true?

B.Closing of Account - Can we close account without any reason just in case we need money urgently?

Thanks.