The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.60% for Simpan SSPN Prime. The dividend declared in this year is for year 2023.
Dividend history
Click here to see Simpan SSPN Prime past dividends.
This dividend is 18% higher than the rate last year but still lesser than the previous periods.
My view
In my opinion, Simpan SSPN Prime is primarily a tax-saving instrument. Thus, this rate is acceptable to me. The tax relief (up to RM 8,000) is extended till year 2024. Thus, I will continue to put in money into this fund to save on income tax till the tax relief ends.
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Disclaimer: This post is for informational purpose only. You should use judgment and conduct due diligence before taking any action or implementing any plan suggested or recommended in this article.
