SSPN’s return on investment jumped 30.37% in the first nine months, and next year’s dividend payout could be even higher.
The National Education Savings Fund (SSPN) has recorded a return on investment of RM287.64 million for the first nine months of this year, compared to RM220.63 million for the same period last year, according to a news release from the National Tertiary Education Fund Board (PTPTN).
SSPN announced a dividend payout rate of 3.05% in April this year, and if this year’s ROI is likely to continue to increase, the dividend payout rate announced for next year could be more than 3.50%.
SSPN is a government savings program designed to encourage people to save, and SSPN depositors will enjoy many benefits, such as interest on deposits, insurance coverage, personal income tax rebates, death benefits, medical coverage, etc. If you’re new to SSPN, you’ll find that it’s a great way to save.
If you are new to SSPN, then you should pay special attention to the fact that SSPN is divided into 2 types of programs, which are Simpan SSPN Prime and Simpan SSPN Plus.
Simpan SSPN Prime is a savings program where depositors are free to make deposits and withdrawals, and one of the benefits of Simpan SSPN Prime is that users can make deposits according to their means. If you have a tight budget this month, you can choose not to make a deposit for the time being. Next month, they can choose to make a deposit when they have less money.
As for Simpan SSPN Plus, it is an insurance plan that requires regular monthly deposits, part of which will be used as insurance premium.
SSPN’s dividend payout ratio in previous years:
2008: 4.00
2009: 2.50%
2010: 3.25
2011: 3.75
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 percent
2022: 3.05 percent
