Reads funny, like a Gov propaganda thinggy
Anyhow, i think the tax relief is broken down to 2:
1. $6K for SSPN-i and SSPN-i PLUS
2. $6K for Takaful
http://www.ptptn.gov.my/web/guest/pelepasan_taksiran_cukai

That means.. IF takaful = life insurance... bwhahaha.. my EPF contribution already blown that portion out of the water...
and the returns for the takaful wasn't too clear based on my glancing (guilty - it's late, tomorrow will re-read the whole site again).
Returns: http://www.ptptn.gov.my/web/guest/pelan_simpanan

Funny - go to the English version and this SSPN-i PLUS isn't there.
For earth-princes only? Or just hot-off-the-oven?

Soalan 16 :
Adakah simpanan yang dibuat boleh dikeluarkan pada bila-bila masa?

Jawapan :
Simpanan hanya boleh dikeluarkan selepas 3 tahun dari tarikh pembukaan akaun dan jumlah minimum yang perlu ada di dalam akaun adalah sebanyak RM1,000. Selepas tempoh 3 tahun tersebut, pendeposit boleh membuat pengeluaran pada bila-bila masa dan masih tertakluk dengan syarat baki minimum yang ditetapkan.

Tai loh, online can top up
Then email the agent and agent will gip U something - no need to run up/down/left/right
heheh

There's one fellow around here that's taking care of the centrepoint branch
helpful fellow with details and stuff
i did it online and emailed him the receipt BUT i declined his freebies since he already helped me with details/info.
PM me if U can't find his contact here in LYN - may not be too nice for me to put his contact by own judgement 

bandar utama, between 1U & Tropicana

I just went to their branch on Monday (5 days ago) and credit card deposit for SSPN-i account still valid, only normal SSPN account can't.

"The National Higher Education Fund (PTPTN) has declared a dividend payout rate of 4% for 2016 Skim Simpanan Pendidikan Nasional (SSPN-i) and SSPN-i Plus"

http://www.thesundaily.my/news/2159847

This year will be the last for relief up to RM 6k
Unless there's an extension from Budget 2018; otherwise, it'll be reverted back to RM 3k relief.

Just put in sspn, not SSPN-i. do but need monthly contribution. putin when i have money.

They did roadshow at office

http://www.ptptn.gov.my/docs/SiaranMedia/2...500_percuma.pdf
“SIMPANAN RM500 PERCUMA, RM500 UNTUK 500,000 PELAJAR”
T&C applies

PS: Also applies for SSPN-i (the one without insurance cost/premium)

I was at my kids tuition center waiting to pick up my kid ans struck a conversation with another waiting parent. The topic of course centered on education and the topic vered towards saving for child education and SSPN was brought up.

This parent has never heard of SSPN and when I told her about the RM 500.00 govt incentive that really piqued her interest. Then I whipped up my phone calculator and did a simple TVM calculation for her to see the magic of compounding.

I told her, if my wife and I were to put in RM 6,000.00 [ this is the max tax relief per depositor ] each per annum into SSPN earning a 4.5% [ this is the historical return of SSPN ] dividend per annum. Let's assume I start saving at age one [ I actually open my kid's SSPN account when he was four days old ].

Lets see what will the amount be like when the kid reach 12 years old. Which is what my kid's age today.

PV = 0
PMT = 500 + 500 = 1,000.00 [ monthly auto debit from bank account ]
Yr = 12 years x 12 = 144 mths
Int = 4.5/12 = 0.375% monthly.
Mode = Begin `
Total Future Value = MYR 191,187.50

Now, imagine what will the amount be when he reaches 20 years old [ the age when you need to withdraw to fund his tertairy education ]

Future Value at age 20 years old = MYR 394,195.69

Let's assume inflation for tertiary education is 6% per annum. Now I work backwards and see how much this MYR 394K is worth in today's money....

= equivalent to RM 116K in today's value with 6% adjusted inflation.

Xuzen

ah buh den? remember, for kids within x to y years old ya.
heheh later, another 5.5K lor, for other kids or same kid
kiasu, kiasi, kiaboh = FOMO  (me)
Yup, 2 parents to 1 kid
coz EACH parent to 1 kid = 1 different account, held in Parent's name for beneficiary of Kid

mine dah masuk in my gir's SSPN liao
now aiming for the petrol cards bwhaaha

[attachmentid=9681903]

hm.. CNY time (before/after) can see it in PTPTN's website rolling advertisement
Now can only see SSPNi+ (the one with insurance) only

no lar - i received the RM500 early in the year ma (Jan) then the added this info

found the link http://www.ptptn.gov.my/web/guest/go-cashless-and-win
and
maybe they know i'm a kiasu fler.. whack lar.. every month whack $100 + $100 FPX / cashless
if get good lar
else
also doing my $6K/pa heheh

From 2019, the Government has increased the tax relief amount for SSPN deposits by parents from RM6,000 to RM8,000 a year.
This is an additional RM2,000 that you can get back from the Government to offset your annual income tax from previous years, making it an extremely lucrative savings plan (provided your annual income tax is high enough to claim the full amount!)

https://ringgitplus.com/en/blog/Duit-The-Ea...Incentives.html