National Education Savings Scheme

[Voon Chan]

Anyone heard of this scheme? Is it a good scheme?

SKIM SIMPANAN PENDIDIKAN NASIONAL
‘ASSURANCE FOR EDUCATION EXCELLENCE'
INTRODUCTION
Skim Simpanan Pendidikan Nasional (SSPN), which emphasized on ‘Saving Towards Higher Education' is a saving scheme specially designed by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) with a vision to assist parents or guardians in turning their children's higher education dreams into reality.


BENEFITS
SSPN offers the following benefits:-
• Special financial incentive (matching grant)*;
• Tax exemption on dividend;
• Competitive dividend rate;
• Government guarantee on savings; and
• Free insurance coverage*.

[alfred98]

Ah!!! REally ah!! Is not another scam hei???? If is real for education then is very good.....Or gahment using this money as bond to save MAS!!!;)

[Voon Chan]

This is not new scheme. It has been around for a long time

[alfred98]

This is not new scheme. It has been around for a long time
Don't know lah never trusted the gahment much!!!

[Voon Chan]

I think the non bumi never trust the goverment in respect of such scheme. Scheme are set up for the people but we never take advantage of it & later blame the government for not taking care of us:) .

Shouls we try to understand the scheme 1stDon't know lah never trusted the gahment much!!!

[Voon Chan]

I cannot edit my post.

Here is the link: www.ptptn.gov.my

[SS2006]

I bought the Wawasan 2020 shares. High interest rate...10% for the 1st few years. Still getting 6-7% now, definitely higher than bank fixed interest rate.

[Voon Chan]

I am trying to find out from people who know this scheme. If it is good, we can invest for our children

[siewjang]

Ever since the Wawasan 2020 scheme, I've been buying ASN for sometime now. Don't care it's for the MAS bond or whatever, end of the year, their interest is still higher than EPF or even banks rate. I missed the SSPN cos all unit sold out when I wanted to buy them.

[siewjang]

I am trying to find out from people who know this scheme. If it is good, we can invest for our children
They left Bumi units only. Non bumi unit sold out since mid Jan this year.

[Voon Chan]

Thank you Jang

[siewjang]

Ah!!! REally ah!! Is not another scam hei???? If is real for education then is very good.....Or gahment using this money as bond to save MAS!!!;)
If you save with the gahment, you are protected from interest depreciation. Even during 98 commonwealth, they say the Wawasan 2020 is to bond for the game. But the interest rates given was 5x better than the banks. As a non-bumi, I can say that we have to tumpang luck only. Gahment is looking after the bumi very well and thus they relocate a few unit for the non-bumi. So just grab while we can.

[SS2006]

If you save with the gahment, you are protected from interest depreciation. Even during 98 commonwealth, they say the Wawasan 2020 is to bond for the game. But the interest rates given was 5x better than the banks. As a non-bumi, I can say that we have to tumpang luck only. Gahment is looking after the bumi very well and thus they relocate a few unit for the non-bumi. So just grab while we can.
I totally agree with Jang. When they allocate bonds for bumi only, non-bumi complain not fair. When the open up for all, you people get suspicious. :rolleyes: Don't read too much between the lines. As long as its low risk, no harm investing.

[Odysseus]

Anyone heard of this scheme? Is it a good scheme?

SKIM SIMPANAN PENDIDIKAN NASIONAL
‘ASSURANCE FOR EDUCATION EXCELLENCE'
INTRODUCTION
Skim Simpanan Pendidikan Nasional (SSPN), which emphasized on ‘Saving Towards Higher Education' is a saving scheme specially designed by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) with a vision to assist parents or guardians in turning their children's higher education dreams into reality.


BENEFITS
SSPN offers the following benefits:-
• Special financial incentive (matching grant)*;
• Tax exemption on dividend;
• Competitive dividend rate;
• Government guarantee on savings; and
• Free insurance coverage*.

Got a catch for the matching grant le....
"Insentif kewangan ini akan diberikan kepada pendeposit-pendeposit yang memenuhi kesemua syarat-syarat berikut:

pendeposit berpendapatan rendah dan tidak berkemampuan (tertakluk kepada had pendapatan isirumah bulanan yang ditetapkan);
pendeposit mempunyai jumlah simpanan minimum RM500 bagi setiap akaun; dan
jumlah keseluruhan geran sepadan yang akan diberikan kepada setiap pendeposit adalah tertakluk kepada had maksimum yang ditetapkan."

[Voon Chan]

There is a "catch" but the will try to make the best out of the scheme.
RM500 is not a lot,
Try to study more about the scheme
Got a catch for the matching grant le....
"Insentif kewangan ini akan diberikan kepada pendeposit-pendeposit yang memenuhi kesemua syarat-syarat berikut:

pendeposit berpendapatan rendah dan tidak berkemampuan (tertakluk kepada had pendapatan isirumah bulanan yang ditetapkan);
pendeposit mempunyai jumlah simpanan minimum RM500 bagi setiap akaun; dan
jumlah keseluruhan geran sepadan yang akan diberikan kepada setiap pendeposit adalah tertakluk kepada had maksimum yang ditetapkan."

[siewjang]

There is no big frog jumping on the street. Everything also got a little clause. If to maintain minimum Rm500 in the account is not difficult. Anyway, it's for education. Don't they think RM500 is too little for education?

[Voon Chan]

Jang, I think RM50k is not enough for 3+0 course in KL todayThere is no big frog jumping on the street. Everything also got a little clause. If to maintain minimum Rm500 in the account is not difficult. Anyway, it's for education. Don't they think RM500 is too little for education?

[siewjang]

Jang, I think RM50k is not enough for 3+0 course in KL today
Local U can.

[Voon Chan]

I think soLocal U can.