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Q: I have 2 children, if my husband and I open an SSPN account for each child separately, can both of us claim the tax relief of RM8,000 separately in our tax return?
A: Can, as long as both the husband and wife have contributed at least a net deposit of RM8,000 each, both the husband and wife can claim the tax relief of RM8,000 each.
Wishing you plentiful tax savings!
YYC Tax Guru