SSPN incentives for parents

Start early: PTPTN is encouraging parents to start saving for their children’s education ahead of time, to reduce dependence on its loans.

TO encourage parents to increase savings for their children’s future education, the National Higher Education Fund Corporation (PTPTN) is offering parents up to RM8,000 in tax relief privileges under the National Education Savings Scheme (SSPN).

The tax benefit, which covers the SSPN-i and SSPN-i Plus savings scheme, has been increased to RM8,000 from the previous RM6,000.