48 SMART: Skim Simpanan Pendidikan Nasional
+Smartan Dad

Saturday, 12 May 2012

Skim Simpanan Pendidikan Nasional

Most parents start to save money for their children's future education fund since their children were born. There are many education savings and funds out there. The only one that is entitled for income tax deduction is SSPN, a saving scheme under PTPTN for the purpose of higher education.













Main Features

  1. Tax relief of up to RM3000 per annum.
  2. Free insurance coverage for depositors with savings of RM1,000 and above.
  3. Competitive dividend rate and exemption from income tax.

How to Apply?

  1. Print the application form and fill in.
  2. Bring a copy of applicant's IC and beneficiary's birth cert/MyKid.
  3. Walk in to nearest PTPTN agents (BSN, CIMB, Bank Islam, Maybank).
  4. Submit the application form and related documents to the agent.
  5. Minimum amount deposit is RM20.

How to Do Additional Saving?

  1. When the application is received by PTPTN, a SSPN card will be sent to the applicant.
  2. This is a confirmation from PTPTN that the application is verified and approved.
  3. Applicant can then increase deposit by means of counter, online or salary deduction.







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