SSPN-i Plus, New Product by PTPTN
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 Oct 21 2017, 06:44 PM
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#1
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Senior Member
8,188 posts Joined: Apr 2013  
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QUOTE(Sphenix @ Oct 21 2017, 06:19 PM) cos I confuse the 10% balance....now understand. looks like they are related to Q1?)but what is " once annually is allowed (after one year of becoming member)." ain't register SSPN will become member?  "cannot do withdrawal within 1 yr after having joined as a member?" |
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Oct 22 2017, 10:47 AM
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#2
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(Sphenix @ Oct 22 2017, 10:38 AM) Great.... gonna look for registration counter.... thanks I think I read before....some says...if not for the tax saving or if the tax saving is not substantial...try not go into SSPN..... for there are other better returns investment vehicle due to the long investment duration |
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Jan 8 2018, 06:29 AM
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#3
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(xuzen @ Jan 7 2018, 09:20 PM) 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. I for one does not know how to calculate the future value....I participated in the SSPN for the immediate gratification from having pay less taxes + additional "forced" saving............ 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 ] .................. 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 it is actually nice to know from your calculation that the amount I can managed to save from this sspn.... if not for the goal of immediate gratification of tax savings.....I would force my self to go more into this UT things.... from the below post, looks like the ROI of UT is much better than SSPN.... looking from your calculation, the extra 2% pa over that duration will be more substantial..... QUOTE(xuzen @ Jan 7 2018, 09:27 PM) UTF investing is not skim cepat kaya, she needs to utilise the magic of compounding to work her magic. A very conservative compounding of 6% [ which is very easily achievable with UTF investing ] can very much beat the current inflation. If you are abit gung ho, you may engineer your portfolio to go for 9% or 12% if you are a young person with very long investing horizon. UTF works well around this ROI range given time. What UTF investing is not is when participant treat it as a trading platform to go in and out like stock market. This, UTF investing is a very poor choice for such a purpose. Xuzen |
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Mar 5 2019, 09:45 PM
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#4
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(ketupatlazat @ Mar 5 2019, 09:42 PM) Yup. Same case here thanks for confirming....the auto fill.so now I no need to print out a copy from SSPN and keep liao |
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Mar 16 2019, 01:12 AM
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#5
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(simonmada @ Mar 16 2019, 12:17 AM) As I know from you guys, the SSPN deposit will be auto filled under tax relief. My question is how do I get SSPN statement for year 2018? This is for my own reference for safe-keeping. Google sspn statement.....Then goto to the site.... Register as a user Log into it to access your a/c to view or print tax relief statement |
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Jun 14 2019, 03:42 PM
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#6
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(notok @ Jun 14 2019, 03:34 PM) is there any option to withdraw sspn-i money using atm ? try the SSPN thread....there was a very recent discussion about it... |
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