A client came to me recently, visibly frustrated. Both she and her husband had diligently contributed RM8,000 each into their child’s SSPN account—RM16,000 in total—expecting to claim RM16,000 in tax relief. Instead, they discovered they could only claim RM8,000 between them. She looked at me and said: “Why didn’t anyone tell us the rules changed?” If …
The National Higher Education Fund Corporation (PTPTN) has recently declared the dividend for Simpan SSPN Prime. Its FY2024 dividend is 4.05%. Dividend history Click here to see Simpan SSPN Prime past dividends. This dividend is 12.5% higher than the rate last year and is the highest in the last 10 years. My view For me, Simpan SSPN …
Recently, I tried to withdraw from Simpan SSPN Prime for my house renovation. However, I have encountered a problem which I am sharing here. Previous Experience I have made a few withdrawals in 2024 to try out the process. You may click here to read it. In short, it takes around three to four working …
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 …
The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.05% for Simpan SSPN Prime. The dividend declared in this year is for year 2022. Dividend history The dividend rate of Simpan SSPN Prime in the past five years were 2018: 4.00% 2019: 4.00% 2020: 4.00% 2021: 4.00% 2022: 3.00% This dividend is slightly better …
The government has recently announced that saving in Simpan SSPN Prime is no longer eligible for tax relief. This means that Simpan SSPN Prime can no longer function as a income tax-saving instrument. My action plan I have just decided to stop investing in private retirement scheme (PRS) not too long ago and I was …
I am considering to use Simpan SSPN Prime to keep part of my emergency fund. The question is whether the withdrawal is swift to serve as emergency fund. So, I performed a withdrawal to try it out. Rationale Why do I want to use Simpan SSPN Prime when there are quite some alternatives (Versa Cash …
Recently, I have opened a Simpan SSPN Prime account for my child. I did this entirely online. The process was not that hard and I would like to share the process in this article. Documents required Actually, no document is required to be uploaded. This is why I said the process is easy. Simpan SSPN …
Simpan SSPN Prime is the new name of SSPN-i . So, will there be any change to this scheme? New name same scheme Actually, there is no change to the scheme except for the name. The benefits of Simpan SSPN Prime remain the same as SSPN-i. To know the benefits of Simpan SSPN Prime, you …
Skim Simpanan Pendidikan Nasional (SSPN-i) or National Education Savings Scheme is a savings scheme from Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) or National Higher Education Fund Corporation. I think it represents a good alternative investment vehicle in Malaysia. Benefits of SSPN-i I will list down its benefits in descending order of my perceived importance. 1. …
