The Malaysia National Higher Education Fund (Perbadanan Tabung Pendidikan Tinggi Nasional, PTPTN) has just announced dividend for year 2017 for the education savings schemes SSPN-i (Skim Simpanan Pendidikan Nasional) and SSPN-i Plus (now both of them combined and known as SSPN1M) on 30 January 2018.
The 2017 SSPN1M dividend payout rate is 4%, amounting to RM92.56 million. This rate is the same as previous payout for 2015 and 2016.
In 2017, the amount of deposits in SSPN1M was RM727.40 million, surpassing the original target of RM550 million, with 447,039 new accounts opened by depositors.
According to PTPTN, the number of SSPN1M accounts opened to date is 3.2 million, with deposits amounting to about RM3.3 billion.
Historical SSPN-i dividend payout rate is as below:
- 2017: 4.00%
- 2016: 4.00%
- 2015: 4.00%
- 2014: 4.25%
- 2013: 4.25%
- 2012: 4.25%
- 2011: 3.75%
- 2010: 3.25%
- 2009: 2.50%
- 2008: 4.00%
- 2007: 4.00%
- 2006: 4.00%
- 2005: 4.00%
- 2004: 3.00%
You can proceed to the Online SSPN-i Statement of Account website for checking of the transactions and amount of savings in your kid's SSPN1M account.
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