SSPN Relief: Education Savings That Reduce Your Tax

What is the SSPN relief?

SSPN (National Education Savings Scheme) is an education savings scheme managed by PTPTN (National Higher Education Fund Corporation).

For income tax, deposits made into SSPN qualify as a tax relief under paragraph 46(1)(k) of the Income Tax Act 1967 (ITA 1967).

Source: Income Tax Act 1967, paragraph 46(1)(k) (see Official sources section).

How it is calculated — net deposits

SSPN relief is calculated based on net deposits:

This means if you withdraw money from SSPN in the same year, the withdrawal amount reduces the amount you may claim.

Source: HASiL — Tax Reliefs (EN); Form BE Explanatory Notes — YA 2025 (see Official sources section).

Annual claim limit

HASiL displays a limit of RM8,000 for SSPN net deposits on its current tax relief tab and in the Form BE Explanatory Notes.

SSPN-i (shariah-compliant savings)

SSPN-i is the shariah-compliant version of SSPN savings.

Source: (product details awaiting verification).

How is it reported?

The SSPN relief is claimed in the education relief box in your return form — for most salaried individuals, this is Form BE. The Form BE Explanatory Notes contain a worksheet for the SSPN amount.

Source: Form BE Explanatory Notes — YA 2025 (see Official sources section).

Evidence and records

Keep your SSPN statement or receipt as proof of deposit. Keep records for at least 7 years.

Source: Form BE Explanatory Notes — YA 2025 (see Official sources section).

Since when is it available?

Simple example

Maya and Adam deposit RM5,000 into their child's SSPN account in 2026 and withdraw nothing in the same year. Their net deposit is RM5,000. They claim the SSPN relief in Form BE in the education relief box, subject to the permitted annual limit [UNTUK DISAHKAN — verify the RM8,000 limit for YA 2025/2026].

If they withdraw RM1,000 in the same year, the net deposit becomes RM4,000 — the claim amount is reduced by that withdrawal.

(Illustrative example to show the concept — not specific tax advice.)

Frequently Asked Questions (FAQ)

Q. What is SSPN? A. SSPN (National Education Savings Scheme) is an education savings scheme managed by PTPTN. Deposits qualify for tax relief under paragraph 46(1)(k) ITA 1967.

Q. What is the claim limit? A. HASiL displays a RM8,000 limit for net deposits on its current tab [UNTUK DISAHKAN — verify for YA 2025/2026; the YA 2026 tab is not yet published].

Q. What does net deposit mean? A. Total deposits in the year minus total withdrawals in the same year.

Q. Does SSPN-i qualify? A. SSPN-i is the shariah-compliant version; product details are unverified in this draft this item still awaits official confirmation from HASiL — check again with HASiL before deciding.

Q. Which form do I use to claim? A. The relief is claimed in the education relief box of your return form — for most salaried employees, Form BE.

Q. What evidence should I keep? A. SSPN statement or receipt; keep for at least 7 years.

Glossary

• SSPN — National Education Savings Scheme (PTPTN).
• SSPN-i — the shariah-compliant version of SSPN savings.
• PTPTN — National Higher Education Fund Corporation.
• Net deposit — total deposits minus total withdrawals in the same year.
• Tax relief — a deduction from income that reduces chargeable income.
• Paragraph 46(1)(k) — the ITA 1967 provision for the SSPN relief.