Friday, August 01, 2008

SSPN (Skim Simpanan Pendidikan Nasional)

Today I went to the bank to apply for an SSPN (Skim Simpanan Pendidikan Nasional) account for Dylan.  The scheme was launched on 6 August 2004 but somehow I wasn't interested then.  Can't remember why....maybe because I was already saving money in ASB.  But just last week, I took a good look at it once again.  The magic phrase 'RM3000 tax relief' reeled me in.  Plus the free insurance (conditional, of course).  I don't think I can get the matching grant.

As usual, I asked the bank officer many questions...some of which she couldn't answer.  So she picked up the phone and dialed the SSPN number.  Ten redials later and we gave up.  I even tried calling on my mobile phone.  Not that it made much difference.  Then she said,"Government bah kan..?" and looked at me and giggled. 


I looked at my watch and it was only 3.45 pm.  Well, nuts to them anyway. 


Update :

It's been two years since I began investing in SSPN and I'm glad to have it as one of the tax reliefs I can get.  The interest isn't much but boleh lah...  The investing is also fuss-free as I just use to transfer the money. 

Hope I get the SSPN card soon.

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