UP TO RM8,000 TAX RELIEF FOR SSPN SAVINGS
Parents need to start saving for their children's education as early as possible. PARENTS who opt for the National Education Savings Scheme (SSPN) SSPN-i or SSPN-i Plus can enjoy tax relief of up to RM8,000 per year until 2022, while investing in their children’s future. Besides that, both products are syariah-compliant savings plans for higher education, with parents able to enjoy a competitive dividend rate that is excluded from income tax. In addition, they will be eligible to apply for the National Higher Education Fund Corporation (PTPTN) loans. SSPN offers free takaful protection for ...
Source: thestar.com.my