The increase in limit applies to the overall gratuity payouts an individual receives over the working lifetime, which can now be higher.
Chairman, Pension Fund Regulatory and Development Authority (PFRDA), Hemant Contractor, talks to Moneycontrol on a wide range of issues regarding the National Pension System (NPS). Contractor says that inflow trends suggest 2017-18 would be a bumper year for NPS.
With life expectancy on the rise, you need to have savings and investment income that last you the distance.
The present FDI norms could create problems not just for the new applicants, but also for the existing pension fund managers.
At present, a subscriber can join NPS up to 60 years of age. However, they can continue to contribute till 70 years.
With good planning it may be possible to retire early. However, you will need more savings and it needs to last longer.
Generally the two important distribution stages, where the money usage is divided into different years and calls for a specific and different strategy are the child education and retirement.
FMPs helps investors diversify investments across a portfolio of fixed income instruments.
Trimming direct exposure to equity and raising debt investment for regular income is one of the main pillars of a good asset mix.
Due to frequent contesting of Wills (inter-se disputes among legal heirs), which results in protracted litigation, trust has become the need of the hour.
Staying invested in equities for a long period will help generate a large corpus for your retirement.
As we are all gearing up to celebrate our country‘s independence how about achieving our financial independence too.
Financial freedom does not mean retirement only. It means enjoying your life without being worried about money.
Financial freedom may sound like a dream come true. However, it is not the case. Follow these simple tips and you are home.
Though these types of events create headlines, it is more important for people to understand how the EPF is evolving so that their long-term financial plans can keep pace.
When it comes to retirement planning it is essential to identify the monthly cash flow required.
Pradhan Mantri Vaya Vandana Yojana, Post Office Monthly Income Scheme and Mutual Fund Systematic Withdrawal Plan can help one plan finances better
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) pension scheme will be formally launched by Finance Minister Arun Jaitley today.
The two instruments serve different purposes and are typically not an “either-or” choice. EPF gives guaranteed returns while NPS has market-linked schemes.
Most Individuals do not give due importance to succession planning. They may rationalize that they are too young or not wealthy enough to reap the tax benefits of a plan.
The better your budgeting is, the healthier your finances will remain through your life.
If you are a non resident Indian (NRI) or person of Indian origin (PIO), you are not eligible to invest under this scheme.
Five money moves you should avoid to ensure that your golden years remain golden.
While each of these retirement planning options work for you?
Retiring rich is everyone's dream. In fact looking at the lifestyles that we lead today and of course the rate of inflation of goods and services, retiring rich is probably a necessity. The question is how do you achieve your retirement goals. To discuss this, we have Anil Lobo of Mercer.