January 20, 2012

UPDATES: SSPN Historical Dividend Rate - 2012 Dividend Rate!

Skim Simpanan Pendidikan Nasional (SSPN) is the government guaranteed national education savings account which is available for all Malaysians. There are some advantages of investing in this scheme, as follow:
  1. Tax relief on savings in the scheme up to RM6,000 - you can actually shaved off up to RM1,500 from your tax submission (based on maximum tax bracket of 25%), depending on your current tax bracket.
  2. Free general insurance up to maximum RM50,000 - only for depositors with deposits of a minimum RM1,000
  3. Higher dividend rate as compared to fixed deposit rates and tax exemption for dividend
The following table shows the historical dividend rate since inception:






For more info on SSPN, please check out here.

5 comments:

sabre23t said...

Thanks for the table.
So 2011 SSPN dividend for 3.75% is better than current annual fixed deposit rate of about 3.20% ref http://malaysia.deposits.org/fixed-deposits.html .

el the man said...

Hi, thanks for the info. I've done a comparison on what interest you should expect if you wanted to invest in other places instead of saving in SSPN. Do tell me your thoughts SSPN vs external investments

Ehonda Monus said...

i think invest in asnb remaja better

sspn-i.com said...

Good news! We can now open SSPN-i Plus via online at SSPN-i.com. If you do so before 31/05/2016 you shall be entitled for lucky draw to win Honda HRV, BMW 320i or even apartment worth RM500 thousands.

sspn-i.com said...

Good news! We can now open SSPN-i Plus via online at SSPN-i.com. If you do so before 31/05/2016 you shall be entitled for lucky draw to win Honda HRV, BMW 320i or even apartment worth RM500 thousands.

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