SSPN Calculator
At the 2025 dividend of 4.10%, RM200 a month in Simpan SSPN for 18 years grows to about RM 63,496.58 (RM 20,296.58 of it dividends). Deposits also give up to RM8,000 of tax relief a year until YA2027, saving RM 264.00 of tax a year at RM60,000 chargeable income. Enter your savings below.
Your SSPN
Balance at the end
RM 43,200.00 deposits + RM 20,296.58 dividends
| Total deposits | RM 43,200.00 |
|---|---|
| Total dividends | RM 20,296.58 |
| Final balance | RM 63,496.58 |
| Deposits this year | RM 2,400.00 |
| Tax relief (RM8,000 cap) | RM 2,400.00 |
| Tax saved a year | RM 264.00 |
| Relief cap left unused | RM 5,600.00 |
Dividend credited yearly on the average monthly balance; future rates are not guaranteed.
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SSPN balance by monthly deposit at 4.10%
| A month | 5 years | 10 years | 15 years | 18 years |
|---|---|---|---|---|
| RM 50.00 | RM 3,328.61 | RM 7,397.89 | RM 12,372.63 | RM 15,874.16 |
| RM 100.00 | RM 6,657.22 | RM 14,795.76 | RM 24,745.24 | RM 31,748.28 |
| RM 200.00 | RM 13,314.45 | RM 29,591.53 | RM 49,490.48 | RM 63,496.58 |
| RM 300.00 | RM 19,971.67 | RM 44,387.31 | RM 74,235.74 | RM 95,244.89 |
| RM 500.00 | RM 33,286.11 | RM 73,978.83 | RM 123,726.21 | RM 158,741.46 |
| RM 667.00 | RM 44,403.68 | RM 98,687.77 | RM 165,050.80 | RM 211,761.15 |
How the SSPN calculator works
- Deposits are added at the start of each month; a lump sum at the start of year 1.
- Dividend = yearly rate × average month-end balance, credited at the end of each year.
- Tax relief = this year's deposits, up to RM8,000.
- Tax saved = tax on chargeable income − tax after the relief (YA2026 resident rates).
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Tax saved by SSPN relief and income
| Chargeable income | RM2,400 deposited | RM6,000 | RM8,000 (cap) |
|---|---|---|---|
| RM 30,000.00 | RM 50.00 | RM 50.00 | RM 50.00 |
| RM 50,000.00 | RM 144.00 | RM 360.00 | RM 480.00 |
| RM 70,000.00 | RM 264.00 | RM 660.00 | RM 880.00 |
| RM 100,000.00 | RM 456.00 | RM 1,140.00 | RM 1,520.00 |
| RM 150,000.00 | RM 600.00 | RM 1,500.00 | RM 2,000.00 |
Your balance year by year
| Year | Deposits | Dividends | Balance |
|---|---|---|---|
| Year 1 | RM 2,400.00 | RM 53.30 | RM 2,453.30 |
| Year 2 | RM 4,800.00 | RM 207.19 | RM 5,007.19 |
| Year 3 | RM 7,200.00 | RM 465.78 | RM 7,665.78 |
| Year 4 | RM 9,600.00 | RM 833.38 | RM 10,433.38 |
| Year 5 | RM 12,000.00 | RM 1,314.45 | RM 13,314.45 |
| Year 6 | RM 14,400.00 | RM 1,913.64 | RM 16,313.64 |
| Year 7 | RM 16,800.00 | RM 2,635.80 | RM 19,435.80 |
| Year 8 | RM 19,200.00 | RM 3,485.97 | RM 22,685.97 |
| Year 9 | RM 21,600.00 | RM 4,469.39 | RM 26,069.39 |
| Year 10 | RM 24,000.00 | RM 5,591.53 | RM 29,591.53 |
| Year 11 | RM 26,400.00 | RM 6,858.08 | RM 33,258.08 |
| Year 12 | RM 28,800.00 | RM 8,274.96 | RM 37,074.96 |
| Year 13 | RM 31,200.00 | RM 9,848.33 | RM 41,048.33 |
| Year 14 | RM 33,600.00 | RM 11,584.61 | RM 45,184.61 |
| Year 15 | RM 36,000.00 | RM 13,490.48 | RM 49,490.48 |
| Year 16 | RM 38,400.00 | RM 15,572.89 | RM 53,972.89 |
| Year 17 | RM 40,800.00 | RM 17,839.08 | RM 58,639.08 |
| Year 18 | RM 43,200.00 | RM 20,296.58 | RM 63,496.58 |
Simpan SSPN dividend rates
| Year | Dividend |
|---|---|
| 2025 | 4.1% |
| 2024 | 4.05% |
| 2023 | 3.6% |
- Simpan SSPN Prime: open from RM20, no monthly commitment.
- Simpan SSPN Plus: monthly packages from about RM30 with takaful cover.
- Matching grants: PTPTN's matching grant terms have changed over the years and current figures could not be confirmed, so they are left out; ask PTPTN.
Sources
- Bernama: 4.10% Simpan SSPN dividend for 2025
- NST: Simpan SSPN 2025 dividend set at 4.10pc
- RinggitPlus: Tax you save with SSPN and PRS
- FMT: Simpan SSPN Prime and Plus
- Zurich Malaysia: Simpan SSPN Plus packages
Disclaimer: An estimate. Dividends are declared yearly by PTPTN and are not guaranteed; check LHDN for how relief applies to you.
Frequently asked questions
What is the SSPN dividend for 2025?
4.10%, announced by PTPTN in May 2026 and the highest in 11 years. It was 4.05% for 2024 and 3.60% for 2023. The dividend is credited straight into depositors' accounts.
How much will RM200 a month in SSPN grow to?
At 4.10% a year, RM200 a month for 18 years grows to about RM 63,496.58: RM 43,200.00 of deposits and RM 20,296.58 of dividends. After one year it is RM 2,453.30. Future dividends can be higher or lower.
How much tax relief does SSPN give?
Up to RM8,000 a year per taxpayer on SSPN deposits, available until YA2027. The cap is per taxpayer, not per child. Saving about RM667 a month uses the full relief.
How much tax do I save with SSPN?
Your relief times your top tax rate. At RM60,000 chargeable income, RM2,400 of deposits saves RM 264.00 and the full RM8,000 saves RM 880.00; at RM120,000 the full relief saves RM 2,000.00.
What is the difference between SSPN Prime and SSPN Plus?
Simpan SSPN Prime opens with as little as RM20 and has no monthly commitment. Simpan SSPN Plus has fixed monthly packages from about RM30 that split your payment between savings and takaful cover. Both earn the dividend and the tax relief.
Do withdrawals affect the SSPN tax relief?
Relief is on net savings for the year. LHDN and PTPTN set how withdrawals count, including withdrawals for a child's higher education, so check their current guidance before withdrawing in a year you claim.
Is SSPN better than a fixed deposit?
For a taxpayer, usually yes: the 2025 dividend of 4.10% is above typical FD rates, and the RM8,000 relief adds a tax saving on top. The money is meant for education, and the dividend is not guaranteed.
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