Parents, You Can Get Up To RM8,000 In Tax Relief By Depositing Into Simpan SSPN
You can also stand to win cash prizes with Cabutan WOW! Y.E.S and Cabutan Tahunan! :D
Published for PTPTN, 27 Dec 2023, 04:36 PM
In today's fast-paced world, providing a secure financial future for our children is a top priority for parents
This is where the National Education Savings Scheme, a.k.a. Simpan SSPN, comes in as a valuable tool. Administered by the National Higher Education Fund Corporation (PTPTN), Simpan SSPN is a government-backed savings scheme designed to help parents save for their children's education.
One of the key advantages of Simpan SSPN is its flexibility, allowing contributors to deposit funds periodically or as a lump sum. The scheme caters to various income levels, making it accessible to a wide range of parents.
What's amazing about Simpan SSPN is that it offers competitive returns, providing parents with an opportunity to grow their savings over time
The accrued interest ensures that the funds set aside for education will help parents keep pace with the rising educational costs.
Apart from that, Simpan SSPN is a low-risk investment option that is also backed by the Malaysian government. This aspect provides parents with peace of mind, knowing that their hard-earned money is being invested in a secure and stable financial instrument.
Plus, by specifically setting aside funds for education, parents can avoid the temptation of dipping into the savings for other purposes. Simpan SSPN encourages disciplined savings, ensuring that the intended purpose of financing a child's education remains the primary focus.
That's not all. When you open a Simpan SSPN account and make a deposit, you'll be able to enjoy tax relief of up to RM8,000 a year!
If you're hoping to make the most of this benefit, you'll wanna deposit before 31 December 2023, so you can use the relief when you're filing for taxes next year.
Those looking to receive this tax relief can find out more information here.
If you don't have a Simpan SSPN account yet, you can sign up for it here.
Additionally, you can also get a chance to join the Cabutan WOW! Simpan SSPN 2023 when you deposit with Simpan SSPN!
There will be two categories of draw available until 31 December 2023, including the Cabutan Tahunan and the Cabutan WOW! Y.E.S category.
Here's a look at the prizes up for grabs for Cabutan Tahunan:
- Grand Prize: RM150,000 (One winner)
- Second Prize: RM50,000 (One winner)
- Third Prize: RM10,000 (One winner)
- Consolation Prize: RM2,023 (20 winners)
For the Cabutan WOW! Y.E.S category, 23 participants will be entitled to receive RM2,032 cash prizes each.
Want to reap more rewards? All you have to do is download the myPTPTN app.
When you open or deposit in the Simpan SSPN Prime or Simpan SSPN Plus account on the myPTPTN app, you'll get five times and ten times the draw chances, respectively.
You can download the myPTPTN app here.
Want to know more about Simpan SSPN's benefits and ongoing campaigns? Learn more about it on their website.
