QUOTE(keane04 @ Feb 17 2017, 09:10 AM)
SSPN is not a form of UT?
No. SSPN is an educational saving account for children offered by PTPTN itself and protected by Government.
EPF DIVIDEND, EPF
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 Feb 17 2017, 09:23 AM
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Senior Member
2,065 posts Joined: Oct 2014 From: Ipoh,Perak 
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SSPN is an educational saving account for children offered by PTPTN itself and protected by Government. |
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Feb 17 2017, 09:34 AM
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All Stars
33,591 posts Joined: May 2008
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Anything less than 6.4% I will withdraw my money out for investments.
My unit trust half a year already beat it.  This post has been edited by puchongite: Feb 17 2017, 09:39 AM |
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Feb 17 2017, 09:38 AM
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#2223
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Senior Member
4,761 posts Joined: Jun 2007 From: My house 
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QUOTE(puchongite @ Feb 17 2017, 09:34 AM) Anything less than 6.4% I will withdraw my money out for investments. Very well done!My unit trust half a year already beat it already. |
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Feb 17 2017, 09:40 AM
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All Stars
33,591 posts Joined: May 2008
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QUOTE(plumberly @ Feb 17 2017, 09:38 AM) Very well done! Which means when I can't beat it, I keep quiet. LOL. |
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Feb 17 2017, 09:52 AM
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Senior Member
1,056 posts Joined: Nov 2004
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QUOTE(rapple @ Feb 17 2017, 09:23 AM) No. I tot anything without guaranteed return is a form of UT with different variations and in this case with some restriction on withdrawing freedom and with tax rebate.SSPN is an educational saving account for children offered by PTPTN itself and protected by Government. can i do this ? open an account for my kid; 2017 deposit 6000 (so i get tax rebate about 1.4k) 2018 deposit 6000 (so i get tax rebate about 1.4k) 2019 withdraw all 12k or 11.5k (no tax rebate for this year) 2020 deposit 6000 (so i get tax rebate about 1.4k)..... so on and so forth |
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Feb 17 2017, 10:06 AM
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Senior Member
2,065 posts Joined: Oct 2014 From: Ipoh,Perak
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QUOTE(keane04 @ Feb 17 2017, 09:52 AM) I tot anything without guaranteed return is a form of UT with different variations and in this case with some restriction on withdrawing freedom and with tax rebate. Tax relief is given on net savings only.can i do this ? open an account for my kid; 2017 deposit 6000 (so i get tax rebate about 1.4k) 2018 deposit 6000 (so i get tax rebate about 1.4k) 2019 withdraw all 12k or 11.5k (no tax rebate for this year) 2020 deposit 6000 (so i get tax rebate about 1.4k)..... so on and so forth Tax relief of RM6k is till YA2017. YA2018 onwards is RM3k. YA2020 You need to deposit 18k minus previous withdrawal 12k = 6k net savings (assuming tax relief of 6k is further extended by gov.) |
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Feb 17 2017, 10:28 AM
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All Stars
52,874 posts Joined: Jan 2003
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Tough for the EPF to repeat its dividend act
URL: http://www.thestar.com.my/business/busines...s-dividend-act/ |
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Feb 17 2017, 10:53 AM
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Senior Member
1,056 posts Joined: Nov 2004
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QUOTE(rapple @ Feb 17 2017, 10:06 AM) Tax relief is given on net savings only. thanks for sharing.Tax relief of RM6k is till YA2017. YA2018 onwards is RM3k. YA2020 You need to deposit 18k minus previous withdrawal 12k = 6k net savings (assuming tax relief of 6k is further extended by gov.) |
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Feb 18 2017, 04:06 PM
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Senior Member
1,865 posts Joined: Jun 2008
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QUOTE(plumberly @ Feb 17 2017, 09:06 AM) Noted and thanks. I'm curious to know why you would think that?Already have SSPN, need to look further to find out more. UT? Prefer to stay away from that with a 999 km pole! Most are there to make money for the companies, no offence to the really good UT companies. Well, of course UT companies have to make money for themselves, it's a business after all. But personally, I have quite a bit of UT as investment, and although not stellar, I think it does alright. After all, it's just another investment vehicle, so if used wisely, it is actually a good form of diversification. |
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Feb 18 2017, 05:22 PM
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Senior Member
1,377 posts Joined: Aug 2009
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QUOTE(theevilman1909 @ Feb 16 2017, 04:16 PM) your source? Already announced |
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Feb 18 2017, 05:57 PM
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Junior Member
274 posts Joined: Oct 2012
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QUOTE(jorgsacul @ Feb 18 2017, 05:22 PM) Already announced will be announced at 8pm today |
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Feb 18 2017, 06:30 PM
Show posts by this member only | IPv6 | Post
#2232
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Senior Member
1,377 posts Joined: Aug 2009
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QUOTE(titanic_crash @ Feb 18 2017, 05:57 PM) will be announced at 8pm today Dah lah read the star |
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Feb 18 2017, 07:55 PM
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#2233
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Senior Member
1,337 posts Joined: Apr 2011
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5.7%
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Feb 18 2017, 07:55 PM
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Senior Member
1,205 posts Joined: Feb 2006 From: Kuala Lumpur 
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5.7%. In line with what I heard..
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Feb 18 2017, 08:31 PM
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Senior Member
585 posts Joined: Nov 2007
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so 5.7%? really? anyone can confirm?
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Feb 18 2017, 08:37 PM
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Senior Member
1,205 posts Joined: Feb 2006 From: Kuala Lumpur
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QUOTE(NyOx @ Feb 18 2017, 08:31 PM) so 5.7%? really? anyone can confirm? Log into your EPF account and you'll see it with your own eyes. |
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Feb 18 2017, 08:44 PM
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Junior Member
119 posts Joined: Dec 2004
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Source : EPF 5.7% Dividen for 2016
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Feb 18 2017, 08:48 PM
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Junior Member
13 posts Joined: Jun 2005
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Confirmed. 5.70%
EPF login site is up and running now. You can check online. |
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Feb 18 2017, 08:52 PM
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All Stars
52,874 posts Joined: Jan 2003
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EPF Declares 5.70 Per Cent Dividend For 2016
URL: http://www.kwsp.gov.my/portal/en/news-list...DetailPage=true |
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Feb 18 2017, 08:52 PM
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Junior Member
13 posts Joined: Jun 2005
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Disappointing rate despite a higher income of 46.6B in 2016 vs 44.2 in 2015.
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