SSPN offers privileges including tax relief of up to RM8,000 a year, matching grant up to RM10,000, dividend, takaful protection and death benefit for children’s education upon the untimely death of their parents.

IN appreciation of SSPN depositors, the National Higher Education Fund Corporation (PTPTN) is giving them dividend payment and loyalty rewards.

PTPTN said the corporation has credited 4% annual SSPN dividend for 2020 to National Education Savings Scheme (SSPN) depositors.

“The dividend rate of 4% was given to the SSPN depositors based on the net returns of investments made on the deposits received by PTPTN, ” said PTPTN.

“2020 is a year to be proud of in the history of PTPTN in managing the SSPN educational savings scheme.

“Due to the excellent management of the officers who handle this fund, PTPTN could give 4% dividend even in this uncertain economic climate of the Covid-19 pandemic.”

PTPTN has stepped up initiatives to promote the SSPN scheme among target groups to increase awareness on the importance of saving and not to depend on loans.

“We always find ways to ensure that information pertaining to savings is delivered to the various communities through our programs via the media, ” said PTPTN.

As a result, RM1.99bil was deposited in SSPN last year – the highest annual deposit achieved since the product was introduced in 2004.

Depositors can check on the dividend amount credited to their SSPN accounts via their online SSPN statement on

PTPTN paid out an additional 1% loyalty reward to depositors who opened SSPN-i accounts before 2018, with accumulated savings of at least RM500 during the promotion period (Feb 24 to April 30) this year.

“This extra 1% SSPN-i loyalty reward during the promotional period is a special incentive, on top of the annual dividend. The loyalty reward is for depositors who consistently save with SSPN-i.

“New depositors will still enjoy other privileges such as dividend, matching grants, tax relief and takaful protection.

“Continue to save consistently with SSPN-i to enjoy loyalty rewards in the coming years. Depositors need not apply for this loyalty reward, as it will be given automatically, ” said PTPTN.

The SSPN-i savings scheme offers privileges for the whole family, including tax relief of up to RM8,000 a year, matching grant up to RM10,000, competitive dividend, takaful protection (when savings reach RM1,000) and death benefit for children’s education upon the untimely death of their parents.

The SSPN savings are syariah-compliant and guaranteed by the Government.

PTPTN’s aim is to get parents to start saving early for their children’s future education.

“There are parents who had to take drastic measures to cover the high cost of education for their children. So what is the best way to overcome this problem? Save early.

“You can deposit as low as RM30 a month in SSPN-i Plus. You can start saving when your child is born. With early planning, children will not be burdened with having to pay off education loans and debts, ” said PTPTN.

PTPTN encourages all Malaysians to support the SSPN savings scheme. PTPTN also proposed that government agencies offer SSPN savings accounts as incentives, gifts or rewards in their programs this year and in the coming years.

For further information on SSPN, go to

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