Save In Simpan Sspn To Enjoy Tax Relief, Other Benefits - Ptptn

KUALA LUMPUR, Dec 23 (Bernama) -- The National Higher Education Fund Corporation (PTPTN) has urged the public to save in Simpan SSPN before Dec 31 this year to enable them to enjoy tax assessment relief of up to RM8,000 annually for the assessment year 2023, as well as various other benefits.

PTPTN chairman Datuk Norliza Abdul Rahim said this special incentive for Simpan SSPN depositors distinguishes it from other savings products available in the market.

“It is recommended that depositors open an account or add savings through the myPTPTN application for easier, faster, and more secure transactions.

“They can also visit PTPTN’s official portal at www.ptptn.gov.my for more information about the privileges and benefits of Simpan SSPN products,” she said in a statement today.

According to Norliza, the privileges of Simpan SSPN included ringgit-to-ringgit free takaful protection for depositors with savings of more than RM1,000 in the event of death or total permanent disability.

“Simpan SSPN Prime also offers a free matching grant of up to RM10,000 for eligible families with household income not exceeding RM4,000,” she said.

The grant is a financial incentive offered to beneficiaries, namely children who are accepted and enrolled in any higher education institutions recognised by the government.

Meanwhile, Norliza said that in appreciation of depositors and to encourage the practice of saving, PTPTN is organising the Cabutan Wow! Simpan SSPN 2023 campaign that offers up to RM500,000 for 138 winners.

The campaign runs from Jan 1 to Dec 31, 2023.

-- BERNAMA