hi all,

Is this doable?

1. On Nov/Dec 2017, I go deposit 6k SSPN for my child. (so that can get 6k tax relief in taxable year 2017).
2. On Jan 2018, I go close that SSPN account and take out all the 6k, and go invest something else.

Question:
1. Can I close the account and withdraw all the $$ in such short time frame?
2. If can do, will my 6k tax relief still valid?

Hi,
Have you try do that ?

I am ok to wait till around Apr2018 to close account. My main concern is can close account within 1 year ?

I google and found a lot people said withdrawal $$ very troublesm, only allow once per year (max rm500 withdrawal), this is for the scenario of u keeping the SSPN account alive and take out some money. But I cannot find people mention about is it doable to close the account in short period.