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 SSPN, Skim Simpanan Pendidikan Nasional

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SUSyklooi
post Oct 12 2013, 01:27 PM

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QUOTE(ruben7389 @ Oct 12 2013, 01:03 PM)
Maybank said can only open sspn once my kid is minimum 6 months old.... true ka?

Cos my baby born in jul so if wait 6 months is jan 2014... so cant put in 6k for 2013... anyone can help?
*
guess it is NOT correct,
Apakah had umur untuk Pendeposit dan Penerima Manfaat?

Pendeposit SSPN hendaklah berumur 18 tahun dan ke atas manakala had
umur Penerima Manfaat adalah antara 1 hari hingga 28 tahun (1 hari
sebelum hari lahir ke 29 tahun). Penerima Manfaat yang telah mencapai
umur 29 tahun dan ke atas hendaklah membuka untuk dirinya sendiri.

http://www.ptptn.gov.my/docs/FAQ%20SSPN.pdf
SUSyklooi
post Dec 31 2013, 02:40 PM

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QUOTE(wil-i-am @ Dec 31 2013, 02:03 PM)
Can single open an a/c?
*
i guess CAN..refer to

http://www.ptptn.gov.my/docs/FAQ%20SSPN.pdf

This post has been edited by yklooi: Dec 31 2013, 02:44 PM
SUSyklooi
post Apr 21 2014, 08:44 PM

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QUOTE(mynewuser @ Apr 21 2014, 08:14 PM)
how to open sspn account?
*
try this website and its links
hope it helps

http://www.ptptn.gov.my/web/english/savings/opening-account
SUSyklooi
post Apr 28 2014, 11:46 AM

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QUOTE(coo|dude @ Apr 28 2014, 11:45 AM)
sorry, can someone guide me how to apply for SSPN? Thanks guru!
*
Read post # 150.
SUSyklooi
post Apr 3 2015, 08:41 AM

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QUOTE(IceQTurbo @ Apr 3 2015, 08:31 AM)
guys, I have been thinking about SSPN. Hope someone can shed some light on this. Is SSPN really a good medium to save money?

Let's say I save RM6k this year, and get the max deduction of 26%, I can get RM1,560 refund. Subsequently, this 6k might entitle to a dividend of say 3-4% every year? I can't withdraw this money until my children are being offered a place in tertiary education (no flexibility).

what if I can save the same amount of money in another investment, which generate
more than 5% every year, in the end I will have both higher savings couple with flexibility.

Is my analysis correct?
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hmm.gif can tell us what can give > 5% and no investment risk?
if can get of course..you are right in the long term

I made a quick google and found this...this is just an example...more in google

Does it worth to put saving in Skim Simpanan Pendidikan Nasional (SSPN-i)?
http://voyager8.blogspot.com/2013/12/does-...ng-in-skim.html
SUSyklooi
post Apr 3 2015, 10:30 AM

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QUOTE(IceQTurbo @ Apr 3 2015, 09:06 AM)
Firstly, don't get me wrong of rejecting SSPN, I myself also invest in SSPN. I'm just thinking whether this is the best option with my limited funds. smile.gif
I don't think there is any investment which has no risk.. it's either low, medium or high risk.
Even saving in SSPN has its own risk, I don't think our money is guaranteed, right? what if one day PTPTN declare bankruptcy as many defaulters.. there goes our money.. cry.gif

Some investments which I can think of... shares with more than 5% dividend yield (probably REIT?), unit trust (like ASW, ASB...)...
*
YES,...there are BETTER option* out there if the saving /investing horizon is longer.
PLUS having the withdrawal flexibility....
* if one know what to do and have the risk appetite for it.

hmm.gif IF PTPTN declare bankrupt? ..... rclxm9.gif no need to pay them back..... thumbup.gif wub.gif

This post has been edited by yklooi: Apr 3 2015, 10:41 AM
SUSyklooi
post Apr 6 2015, 02:49 PM

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QUOTE(xuzen @ Apr 6 2015, 01:44 PM)
1) Let's say I deposit RM 5,755.00 on 1/1/2014.

2) 2014 Dividend @ 4.25% p.a.= RM 5,755.00 x 1.0425 = RM 6,000.00

3) My tax relief is RM 5,775.00 or RM 6,000.00 for YA2014?

Thank you for you attention.

Xuzen
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there are some past posting that looks similar to what you asked.
check
page 12, post 231, 232 and few done the page
page 13, post 247
SUSyklooi
post May 6 2016, 09:28 AM

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QUOTE(jsflim @ May 6 2016, 08:51 AM)
actually I hesitated to put money in as I worry I cant withdraw if I need money. that's why I need to be sure before I putting money there.
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caveat emptor.....rules can be changed....what others can do previously...may not apply when the time comes.... sweat.gif rolleyes.gif
SUSyklooi
post Mar 2 2017, 08:49 AM

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QUOTE(rapple @ Mar 2 2017, 08:42 AM)
Option to generate Penyata Hasil is up.
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Thanks for your updates....appreciates
SUSyklooi
post Jan 8 2018, 07:54 PM

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QUOTE(basSist @ Jan 8 2018, 07:43 PM)
The online system still down. Can't access to check account.
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try this?
http://esspniplus.ptptn.gov.my/penyatasp/semakakaun.php
after entering this site.....
there is a link ...."Semakan Penyatat SSPNi"

same as below but......I tried copy paste here cannot.....guess have to go thru that link
https://www.ptptn.gov.my/saving/sspnlogin.html

This post has been edited by yklooi: Jan 8 2018, 07:58 PM
SUSyklooi
post Jan 8 2018, 08:27 PM

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QUOTE(basSist @ Jan 8 2018, 08:21 PM)
Even when u click on the first link it will direct you to the 2nd link..
*
I clicked at the 1st link....
a new page came up
then need to key in my ic number then
click "cari"

then a new page came up....
then I click the "semakan Penyata sspni"

then another new page came up.....

then I key in my ic number and pw.....
then another new page ......I clicked at my ic number of my son.....
then is display....
SUSyklooi
post Jan 8 2018, 09:12 PM

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QUOTE(basSist @ Jan 8 2018, 08:59 PM)
It showed this link with error no connecting after I click semakan...

http://192.168.99.102/web/guest
*
confused.gif rclxub.gif
sorry cannot help much then....

This post has been edited by yklooi: Jan 8 2018, 09:13 PM
SUSyklooi
post Oct 23 2018, 06:49 PM

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QUOTE(mbison@2012 @ Oct 23 2018, 05:39 PM)
SSPN always have lucky draw promotions either monthly, quarterly and annually. Anyone was luckily to win some prize so far?

I have contributed quite a lot and never won a single prize until now. Hmm...
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The lucky draw product....is it ssp bsn?
SUSyklooi
post Nov 2 2018, 07:08 PM

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QUOTE(rapple @ Nov 2 2018, 06:15 PM)

*
That is good news....I am on smartphone....appreciate if can check to see if that is for tis year or start next year only...
Already placed RM 6k tis year...
SUSyklooi
post Nov 25 2018, 01:00 PM

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but then he/she would have "missed" the tax relief for year 2019
SUSyklooi
post Dec 14 2018, 11:53 PM

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from that FAQ link.....
......transaksi yang ditetapkan oleh PTPTN iaitu transaksi simpanan menggunakan kad kredit (untuk SSPN-i Plus), kad debit, atau kad prabayar Mastercard dan Visa dari 10hb Disember 2018 sehingga 10hb Mac 2019 .......

Only for certain defined transaction only???
SUSyklooi
post Dec 17 2018, 10:32 AM

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QUOTE(MeToo @ Dec 17 2018, 10:29 AM)
Though banks these days giving more then 4% for a 12 month FD...

Buuuttt... I'll dump it into my mortgage... still have about 600k left huhuhuh...
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I think he/she is comparing 4% with 3.5% in related to that post...
SUSyklooi
post Dec 19 2018, 03:41 PM

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QUOTE(goatbernard @ Dec 19 2018, 03:38 PM)
i successfully top up SSPN-i using my BigPay card RM10K, as maximum monthly topup is RM10k for BigPay...
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top up RM10K monthly? tax relief benefits is RM6k pa
SUSyklooi
post Dec 19 2018, 05:27 PM

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QUOTE(goatbernard @ Dec 19 2018, 03:57 PM)
This is my 3rd year, i need total RM18K, but unable to top up RM18K via BigPay as maximum top up is RM10K
*
oh, ok....
in in Dec out in Jan rclxms.gif

btw, spouse, each can also RM6k max.....
SUSyklooi
post Dec 20 2018, 10:59 AM

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QUOTE(jianjie @ Dec 20 2018, 10:22 AM)
hey guys,

just wondering if it will help everyone by pinning the yearly interest rate and dividend rate for SSPN, and also some tips to max out tax relief?

the "depo in dec, draw in Jan" technique seems most useful so far
*
Depending on how n what n etc.....just few pages back...there are some forummer think it may not worth it
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