Calling All Parents! Here's How To Get Up To RM8,000 In Tax Relief Before The Year Ends
Make a deposit before 31 December to qualify for the 2024 income tax relief.
Published for PTPTN, 13 Dec 2024, 09:42 PM
As 2024 draws to a close, this also marks your final chance to make the most of this year's tax reliefs
In case you didn't know, the government has extended tax relief for the National Education Savings Scheme (Simpan SSPN) all the way till 2027.
What this means is that you could potentially save up to RM8,000* for the 2024 tax assessment year if you make a deposit with Simpan SSPN before the year ends, woah!
Fun fact: Simpan SSPN is the only savings product that offers income tax relief of up to RM8,000*. This makes it an incredibly worthwhile choice if you're considering putting aside some money as the year draws to a close.
*Terms and conditions apply.
With Simpan SSPN, not only can you save for your children's education and enjoy income tax relief, it also offers several other benefits:
- Free takaful coverage for Simpan SSPN Prime depositors with savings of RM1,000 and above
- Competitive dividends
- Matching grants of up to RM10,000 per family for eligible parents with a monthly income not exceeding RM4,000
- Government-guaranteed savings
- Eligibility to apply for PTPTN education loans
To help Malaysian parents who want to take advantage of this incentive, PTPTN has even released a free e-book that will help you calculate your income tax relief for the 2024 tax assessment year
The e-book will contain helpful and practical tips, including:
- A guide on calculating income tax relief for the 2024 tax assessment year
- Information on Simpan SSPN and how it benefits you
- Frequently asked questions about Simpan SSPN income tax relief
Looking to make the most of this year's tax relief incentives? Place a deposit with Simpan SSPN before 31 December to qualify for the 2024 tax assessment year.
Plus, you'll also stand a chance to win amazing prizes with Cabutan Tahunan WOW! Simpan SSPN 2024.
With a minimum deposit of just RM50, you're automatically eligible to participate in the draw. The more you save, the higher your chances of winning! Find out more about Cabutan WOW! Simpan SSPN 2024.
Don't miss your chance to enjoy maximum tax relief with Simpan SSPN. Find out more by visiting PTPTN's website today!
