Not long ago, CCW found out about the SSPN - Skim Simpanan Pendidikan Nasional. It is a savings scheme offered by PTPTN which puts emphasis on ‘Savings Towards Higher Education’. The privileges for account holder include:
- Eligibility to apply for PTPTN education financing
- Tax relief on savings up until RM3,000 per year;
- Free insurance coverage up until RM50,000 for depositors who have an accumulated deposit of a minimum of RM1,000 *;
- Matching grant with a maximum endowment of RM10,000 per family **;
- Deposit as low as RM20 at any time deemed necessary and government guarantee on savings;
- Competitive dividend rate and tax exemption on dividend
For more information, please click here.
6 comments:
wat's the endowment thing?
hehe this looks like paid post...
u wanto start one for cola?
VampireM, it is a financial incentive given to family whose household income does not exceed RM2k per month.
Pink Cotton, yeap! Already open an account for him. :)
fwah.. the website is in english lei.. mai siao siao
Melv.. the way i understand it is if the family is earning less than 2k, then if need help with finances to study, the scheme will give a grant of the same amount in the savings deposit but subject to a limit of 10k.
Not bad really. 10k off tuition fees :-)
wooo... real good ler...
but if both father and mother are working, total earning would easily be more than 2k
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