Sspn Tax Relief Statement » kevinhanes.net

relief on net annual savings in SSPN Tax relief on net annual savings in the National Education Savings Scheme SSPN will be increased from RM6,000 to RM8,000. Effective: Years of. Tax Relief on Net Savings in the National Education Savings Scheme “SSPN” To further encourage parents to save for financing the tertiary education of their children, it is proposed that resident individual tax relief on net savings in the SSPN will be increased from MYR 6,000 to MYR 8,000.

SSPN Savings Tax Relief Net savings in SSPN in 2018 allowable up to RM6,000 for each e-filing Both parents can claim tax relief up to RM6,000 each as long as filing separately. Inclusive of both SSPN-i and SSPN-i Plus. Dec 04, 2017 · However, National Budget 2013 had announced that this maximum amount of SSPN-i tax relief be doubled to RM6,000 for a period of 6 years from assessment year 2012 until 2017. The maximum amount will fall back to RM3,000 after 2017. Dec 30, 2016 · SSPN-i and SSPN-i Plus are the same education savings plan. It is pointless to save RM6k in SSPN-i and another RM6k in SSPN-i Plus. The concept of getting the tax relief for YA2018 is when you pay RM12k into SSPN-i Plus, the RM6K tax relief covers the SSPN-i savings plan, and the remaining RM6k is to cover the insurance/takaful plan. The National Education Savings Scheme SSPN-i was designed by the National Higher Education Fund Corporation PTPTN for the purpose of higher education. As announced in Budget 2013, it is proposed that personal tax relief for saving deposits placed with SSPN-i for the benefit of their children be increased from existing RM3,000 to RM6,000 effective from year of assessment 2012 to 2017. Nov 08, 2018 · Income tax reliefs will see some adjustments too. Previously, the tax relief of EPF and life insurance/takaful was a combined total of RM6,000. Budget 2019 will separate EPF from life insurance reliefs: EPF contributions tax relief up to RM4,000; Life insurance premiums and takaful relief up to RM3,000; National Education Savings Scheme SSPN.

Aug 22, 2019 · You have not opened another a/c for yr 2nd child thus you may not have noticed the tax statement from sspn. If have 2 a/c, then the statement will shows the details of both the a/c and the tax relief eligible for that year after the sumbangan bersih calculation in 1 same page. Mar 25, 2017 · All this while sspn tax relief is only applicable to the net saving amount. If they really want to audit then they just need the annual statement will do, that consist of in and out transactions, that also the straightforward way to determine the "net saving amount". 2 This income tax relief can be shared with other siblings provided that the total tax relief claimed does not exceed MYR 1,500 for a mother and MYR 1,500 for a father. Portal maklumat dan pendaftaran online SSPN-i Plus. Simpan melalui SSPN-i Plus sekarang dan menangi Proton X70. Simpan lebih, peluang menang pun lebih. Nikmati unjuran simpanan terkumpul melebihi RM100 ribu selepas 20 tahun dengan menyertai Pakej Nilam. Lindungi perancangan pendidikan anak anda dengan menyertai Pakej Berlian. Proses penyertaan ringkas untuk memiliki perlindungan.

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