SSPN savings for children’s education

  • Nation
  • Saturday, 06 Oct 2018

Wan Saiful Wan Jan (right) during the launching of SSPN Savings Week campaign at 1Utama Shopping Centre. -Azlina Abdullah/The Star

PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) launched the SSPN Savings Week to encourage more parents and other groups in the community to save for their children's education.

"We hope non-governmental organisations and religious leaders would also come forward to encourage this savings culture as they have access to communities in their areas," said PTPTN chairman Wan Saiful Wan Jan.

"It is our target to collect RM1.5mil through the opening of 1,300 new National Education Savings Scheme (SSPN) accounts nationwide within three days of our Savings Week campaign.

"We have collected RM50,000 from old and new account holders on the first day of the Savings Week campaign launched at 1Utama Shopping Centre alone," he said.

Wan Saiful said SSPN received good response from the parents and individuals due to its attractive tax exemption of up to RM6,000 a year.

As at Aug 31, there are 3.67 million SSPN accounts with savings amounting to RM3.8bil, he said.

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