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 SSPN-i Plus, New Product by PTPTN

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imnotabot
post Dec 21 2016, 03:26 AM

On my way
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Junior Member
531 posts

Joined: Oct 2016


Hi guys. Is it a good idea to invest in SSPN/SSPN-i (not interested in the Plus) for the long run to get the maximum RM6,000 tax relief every year (e.g. put RM500 every month)? I'm not intending to use the money in SSPN-i in the short run as I already have an emergency fund to cover any emergencies.

Is there a drawback I'm not seeing?
imnotabot
post Dec 21 2016, 12:25 PM

On my way
****
Junior Member
531 posts

Joined: Oct 2016


No tax relief if you're saving for yourself: https://www.ptptn.gov.my/web/guest/simpanan/cukai

 

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