(updated on 19 Sept 2024)
SSPN Prime
SSPN PRIME FOR TAX DEDUCTION
Here the step to register and qualify for SSPN RM8,000 tax relief:
- go to: https://myptptn.ptptn.gov.my/ptptn/app/landing
- login myPTPTN if you are registered, otherwise click ‘daftar sekarang’ to register a myPTPTN account under your name
- once you enter the portal, find tab ‘perkhidmatan’, then tab ‘Simpan SSPN’, then ‘Pembukaan Akaun Simpan SSPN Prime’, or click this link directly:
https://myptptn.ptptn.gov.my/ptptn/app/home#!/open_account_sspn_prime - fill up details and pick “jenis akaun” -> “Anak kandung” to set up child SSPN account for tax deduction purpose (important note: this step is crucial, as SSPN under your own name is not qualify for tax deduction, it must be for your children, check picture below)
- after that, u can deposit money into SSPN Prime – “your child name” account and enjoy tax relief up to RM8,000 per year (YA2024 is the last year for this relief, but high chance government will extend this relief years further)

Why SSPN Prime? How about SSPN Plus
SSPN plus more toward insurance/takaful based products and more limitation being placed on withdrawal of fund. If you just want to maximize the benefit of tax savings, enjoy annual dividend and more flexibility, just stay with SSPN Prime.
Source: https://www.ptptn.gov.my/simpan-sspn/simpan-sspn-prime/


