Age limit for storing SSPN.


SSPN depositors, are you aware of the age limit for depositing SSPN?

According to PTPTN, SSPN is not only open to students and family members, but all Malaysians are eligible to deposit SSPN, provided that they are of age.

There are two types of SSPN, Simpan SSPN Prime and Simpan SSPN Plus, the former is a savings fund and the latter is a savings fund with insurance.

If you want to deposit Simpan SSPN Prime, you must be aged between 16 and 65. For Simpan SSPN Plus, you must be aged between 16 and the month before you turn 69, subject to the terms and conditions of the individual policy.

SSPN will announce dividends from February to April each year, which in previous years has been in February, but last year it was delayed until April, and both Simpan SSPN Prime and Simpan SSPN Plus are eligible for dividend payout.

SSPN Deposit Age Limit
Simpan SSPN Prime: 16 to 65 years old.
Simpan SSPN Plus: 16 years old to the month before turning 69 years old

SSPN payout ratio for previous years:
2008: 4.00 percent
2009: 2.50 percent
2010: 3.25 percent
2011: 3.75 percent
2012: 4.25%
2013: 4.25 percent
2014: 4.25 percent
2015: 4.00 percent
2016: 4.00 percent
2017: 4.00 percent
2018: 4.00 percent
2019: 4.00 percent
2020: 4.00 percent
2021: 3.00% p.a.
2022: 3.05% p.a.
2023: recently announced

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