SSPN is not a form of UT?
EPF DIVIDEND, EPF
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 Feb 17 2017, 09:10 AM
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#1
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1,056 posts Joined: Nov 2004  
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Feb 17 2017, 09:52 AM
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#2
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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, 10:53 AM
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#3
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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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