sorry, i'm very new for this
i only have one child, if register SSPN, either father & mother can register with the SSPN?
or both can register separate of it? if can separate, means tax relief can get 6K + 6K?

thanks, found the logic in previous post
let say if still is 6k tax relief
the 4th year need deposit 24k? 5th year if 32k?

but this computation look like need lot of cash flow during the few months


This post has been edited by swn525: Mar 7 2019, 12:06 PM

i have removed, found my calculation wrong, haha

yup, overthinking
tomorrow roadshow in my office area, just open account first
once have an account, can top up for tax relief anytime

did open sspn-i last week
able to check online statement?
i tried https://www.ptptn.gov.my/saving/sspnlogin.html

i getting this Anda tidak berjaya membuat pendaftaran. Sila cuba lagi. Sila pastikan maklumat yang diisi adalah sah dan cuba semula.

just put money less than one month, then you can get tax relief 8k, which can save RM1920 (if you salary range under 100K~250K)
withdraw the money put in ASNB for 6%

This post has been edited by swn525: Mar 12 2019, 09:40 AM

ASNB dividend is prorated by month, 1~2 months dividend won't give you as high as RM1900, so SSPN still good for tax relief, and ASNB still good for long term
for available units, yes, may depend luck, but i think not so hard to get 100k in one week, people sell & buy day by day

you can rest 1 year after 1~4 years continuing tax relief, depend how strong of your cash flow
example

dec 2019 - deposit 8k (tax relief 8k)
jan 2020 - withdraw 8k
dec 2020 - deposit 16k (tax relief 8k)
jan 2021 - withdraw 16k
rest........
dec 2022 - deposit 8k (tax relief 8k)
jan 2023 - withdraw 8k
dec 2023 - deposit 16k (tax relief 8k)
jan 2024 - withdraw 16k
rest........

2019
opening 6k
closing 14k
closing - opening = 8k
YES, you can enjoy the tax relief


2020, you can withdrawm but still calculate the year opening & closing
opening 14k
withdraw 8k
deposit 8k
closing still is 14k
closing - opening = 0
NO, you cannot enjoy tax relief

This post has been edited by swn525: Sep 13 2019, 02:52 PM

non-bumi can apply account in bank islam or bank rakyat?

first year for SSPN-i
BOOST only allow 4.5k per month,
the rest of 3.5k i need top up through counter?
any ptptn counter can top? or any others more convenient way to top up?

thanks

thanks
normally how long JOMPAY top up will reflect into my statement?

yup, after keyin my IC, only show JOMPAY option
i use Maybank2u to perform JOMPAY, but it is not update to my account instantly

i check my SSPN-i acccount using this https://www.ptptn.gov.my/saving/sspnlogin.html

ok, thanks

ok, 3 working days, should use fpx instant of jompay

means per transaction charge RM0.50?
how you link to SSPN? by ATM machine?

thanks, i just need walk in bank islam to open saving account?

by the way, any minimum amount requirement, keep SSPN-i account remain active?

This post has been edited by swn525: Dec 17 2019, 04:35 PM

just open an account in bank islam, direct help me link my sspn-i during open account

yes, only check balance in ATM will show sspn-i account

can bank islam use ATM transfer money from SSPN-i to saving account?
any transaction or limit amount per day?