This is definitely worth it.. as we hit the top 2 LHDN bracket.. our "returns" on investment is 24~25% of this $6000. Even if our money doesnt work for the rest of the year, its already worth it. However, the reason I take it out is the fact that I'm not very confident of this govt, I dont want to risk any legislation "changes" which might change the withdrawal policy and see my money stuck there.

In the 8~10 months between, we can either drop the money into our house flexipay account (not me though), for me I will just plunk it into FD as spare rolling/emergency cash.

http://www.ptptn.gov.my/web/english/saving...hdrawal-closure

There is no 10% ruling. Just call SSPN and ask.

The system is there, either we use it or we dont.

i mean your calculation shows "something like" not worth to keep in SSPN for longer than 7 years due to low returns...
now with this "new info" seems like can take out after maximising the tax thing that ends in 2017....

i think this link was shown to you many months back....(hope you can recall) and understand what i was talking about....

Does it worth to put saving in Skim Simpanan Pendidikan Nasional (SSPN-i)?
http://voyager8.blogspot.com/2013/12/does-...ng-in-skim.html

Have you withdrawn all the money you deposited into SSPN last year to validate what you have been told?

yes, see point# 11
http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

The SSPN tax exemption started earlier than 2012, if not mistaken - they increase the limit from RM3,000 to RM6,000 in 2012.  Need to find out if the RM6,000 tax exemption ends in 2017 and back to RM3,000, or totally remove?

er.. look at my signature's 3rd link - SSPN.
I didn't say "not worth it" only - it can be better if one mixes it with equity investments.

MeToo, low yat 82
just came back from the PTPTN office...
what was said by "MeToo" in post #12 and post #24 are correct....

this will give me another avenue to maximise my money after the SSPN tax relief expired in 2017...(take out all in 2018?)

wongmunkeong if i can recall you did have a study and data on maximising the sspn saving....if got time can goto the nearest PTPTN office to confirm the above again and "recalculate" the study??

Bro...

I really cannot see any better returns then 20ish% (dependent on your tax bracket) percent return on your money within a 2~3 months period.

Perhaps you might wanna take another look at in with the fact that we can totally withdraw the money anytime we like.

Sorry - i don't want waste time on in/out/in/out all within a year or less.
My time cost to deal with PTPTN to take out is not worthwhile
+ like i shared earlier - what's the point for 1%pa+ variance vs my Flexi mortgage? (to take out of SSPN and plonk in my Flexi mortgage, then back into SSPN, rinse/repeat)

It's like those chasing FD %pa - unless it's like >=RM3M, not worth it for me
Worth it for some of course - big amount mar.

U say 20%pa+ returns yet i think U still don't understand where i'm coming from.
In simple English:
I do SSPN and i don't treat it as a stock exchange or options trade.
I just leave it there as there is no good usage for it in less than 1 year for me to do the in/out/in/out dance.

Ahh.. I see what u mean.

I'm coming form a diff direction, I'm not looking at the return/benefits form taking it out.

I'm looking at the security.

I have no confidence in the country handling my money.

eh - like that i think better focus on EPF Ac1 --> investments & Ac2 --> monthly out, more oomph for "don't trust Gov with big % of $"
other than tax optimization your method with SSPN lar
just a thought 

Our DPM just launched SSPN-i Plus on 8 June 2015
Below is the features:-
1. Education plan with affordable n takaful coverage
2. Savings from RM50 a month
3. Competitive returns
4. Tax relief up to RM12,000 pa
Website ---> http://www.ptptn.gov.my/web/guest/sspn-i-plus1

Personally, I'm keen on item 4

Welcome to give comments on how tis product work n how it can benefit tax payers to reduce income tax

link not working

SOALAN 22
SSPN-i Plus  dan  SSPN-i masing-masing  menawarkan  pelepasan  taksiran  cukai pendapatan  ke  atas  simpanan  bersih  tahun  semasa  sehingga  RM6,000  bagi  akaun yang dibuka untuk anak/ anak jagaan yang sah. Jika pendeposit mempunyai kedua-dua akaun,  adakah  pelepasan  taksiran  cukai  pendapatan  yang  boleh  dinikmati  adalah sebanyak RM12,000?

Jawapan
Tidak. Pelepasan taksiran cukai pendapatan ke atas simpanan bersih bagi SSPN-i Plus dan  SSPN-i hanya  diberikan  sehingga  RM6,000.  Walau  bagaimanapun  bagi  akaun SSPN-i Plus,  pendeposit  boleh  menikmati  tambahan  pelepasan  taksiran  cukai pendapatan  ke  atas  sumbangan  takaful  yang  dibayar  kepada  pengendali  takaful sebanyak RM6,000, di bawah kategori pelepasan bagi insurans nyawa dan KWSP.

I thought I could get tax relief of 12k per year with SSPN-i Plus but looks like I can't. Read through the FAQ section and this is what is written:
So, if your max contribution to normal SSPN-i is at least 6k and your life insurance/KWSP contribution is also at least 6k, you'll get no more tax relief from SSPN-i Plus.

From the link you guys posted : http://www.ptptn.gov.my/docs/SSPN-i%20Plus...PN-i%20PLUS.pdf