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 SSPN-i Plus, New Product by PTPTN

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asiatrader98
post May 25 2021, 03:52 PM

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QUOTE(MUM @ May 25 2021, 03:44 PM)
if i am not mistaken,...
if you had withdrawn all in 2019, you will not be get tax relief for year 2019
then you deposited RM8k in Dec 2020, you will get tax relief of RM8k for year 2020 to be declared during tax submission in April 2021
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thank MUM
I am not keen to deposit any amount for claim tax relief in Y2021 but just worry if I withdraw all (but to maintain RM20 later for applying the PPTN) now i.e.Y2021 May, will it affect my claim tax relief RM8k deposited on Y2020
MUM
post May 25 2021, 03:57 PM

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QUOTE(asiatrader98 @ May 25 2021, 03:52 PM)
thank MUM
I am not keen to deposit any amount for claim tax relief in Y2021 but just worry if I withdraw all (but to maintain RM20 later for applying the PPTN) now i.e.Y2021 May, will it affect my  claim tax relief RM8k deposited on Y2020
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your claim for tax relief for money deposited in year 2020 should have been done in April 2021,....(under BE)
IF in May 2021 if you withdraw ALL (bal 20) out,....then there should be NO tax relief claim for year 2021....cannot submit tax relief claim in April 2022

This post has been edited by MUM: May 25 2021, 03:58 PM
asiatrader98
post May 25 2021, 04:04 PM

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QUOTE(MUM @ May 25 2021, 03:57 PM)
your claim for tax relief for money deposited in year 2020 should have been done in April 2021,....(under BE)
IF in May 2021 if you withdraw ALL (bal 20) out,....then there should be NO tax relief claim for year 2021....cannot submit tax relief claim in April 2022
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thank you MUM, I got the point
so withdraw all (bal RM20) will not affected my tax relief (under B) to this account on Y2020
no issue for no tax relief claim for this account on Y2021 because I will deposit RM8k to another account for tax relief claim, I have 3 kids console.gif

This post has been edited by asiatrader98: May 25 2021, 04:06 PM
MUM
post May 25 2021, 04:09 PM

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QUOTE(asiatrader98 @ May 25 2021, 04:04 PM)
thank you MUM, I got the point
so withdraw all (bal RM20) will not affected my tax relief (under B) to this account on Y2020
no issue for no tax relief claim for this account on Y2021 because I will deposit RM8k to another account for tax relief claim, I have 3 kids console.gif
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if this 3 kids SSPN a/c are linked to your a/c....then any withdraw of any 1 of them will affect your tax relief claims

Your NRIC number are linked as depositor to them as Beneficiaries...all these will be reflected in your SSPN annual tax relief statement



mygarage88
post Jun 14 2021, 05:21 PM

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Hi, may i know how to add another kid (beneficiary) under my name? Can I do it online?

MUM
post Jun 14 2021, 05:34 PM

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QUOTE(mygarage88 @ Jun 14 2021, 05:21 PM)
Hi, may i know how to add another kid (beneficiary) under my name? Can I do it online?
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maybe as per this?
PANDUAN PEMBUKAAN AKAUN SSPN-i
https://www.lovesspnonline.com/caradaftarsspni.html

hopefully it is applicable to your need


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