my concern is they move the goal post.. later say cannot withdraw once inside SSPN since we have given you tax relief
so that is what motivates me to withdraw bfore goal post moved

this is an old article dated back in 2017 but i dont know which year allow to withdraw and infact this year is the first year i did withdrawal since saving many many years ago

Withdrawing Your Money
Unfortunately, withdrawing money from your SSPN account is not a simple task! Unlike normal savings accounts, SSPN has very strict rules when it comes to withdrawing your money. Depositors can only withdraw their money once a year, and the maximum amount that is allowed to be taken out is only RM500 or 10% of your total savings.

A 100% withdrawal will require either the beneficiary’s offer letter to local universities/colleges or a statement of the beneficiary “no longer wishing to participate in the educational process”; otherwise it is only possible in the event of the beneficiary’s/depositor’s death or incapacitation.

anyone receive sspn money in bank account?

I withdrew last Tuesday. Money deducted but did not receive the money yet. Can't even check for proof of withdrawal.

From my experience same as shopeepay. I pay on the same day as I pay for shopeepay and both reflected on the same day.

But created another possible loophole?

When we do withdrawal online or otc, did they ask for the reason or ask for supporting documentation?
I am not sure about the withdrawal procedures as I hv not made any withdrawal before.

Now they allows withdrawal amount for education purposes without that amount be used for net deposits calculation when calculating amount eligible for tax relief.

I guess if you have two children and you legally divorce your wife, each of you get legal guardianship of one child, then you can still claim RM8000 each.....