With the flexibility to adjust the asset mix based on life stage and the advantage of low management fees ranging from 3 to 9 bps, the NPS presents a compelling opportunity to build a substantial retirement corpus.
While higher pension is desirable, numerous rules and grey areas make the decision-making process a complex affair. Here is a list of things you need to be aware of.
You are not too young in your 30s, but not old either. The 30s is an important phase of your life with many things getting started here, such as your marriage, family, buying a new home, and so on. The financial decisions you take in your 30s will have a big impact on the rest of your financial life.
Employees opting for a higher pension contribution will be required to make the additional contribution of 1.16 percent to be moved from the employee’s share of the Provident Fund to the Pension Scheme.
All other online services, including the UMANG app, have been restored, says the social security organisation. The EPFO e-passbook facility is very popular as users frequently access it to ascertain their EPF balance and the status of interest credit for the financial year.
If you are about five to seven years away from retirement, moving a portion of the investment from risky assets to aggressive hybrid funds can not only help generate returns but also guard against erosion of accumulated corpus
This scheme invests in assets such as real estate investment trusts (REITs), InvITs and mortgage-backed securities
Go for 'Active' choice if you have the time and skill to actively rebalance your NPS corpus regularly; pick Auto if you want to outsource asset allocation decision-making.
While the employer’s contribution is restricted to a maximum of 12%, as an employee, you can increase your contribution further through Voluntary Provident Fund, over and above the mandatory 12 percent. Here is a guide on how and when to do it.
The bourses were informed of steel industry veteran, Seshagiri Rao's retirement via a release on Wednesday evening, Rao has served as a member of the JSW board since 1999.
The Infosys Board has appointed D Sundaram as the Lead Independent Director, effective immediately based on the recommendation of the Nomination and Remuneration Committee.
The National Movement for Old Pension Scheme (NMOPS), an umbrella body of more than 14 lakh central and state government employees, has welcomed the government decision.
Replying to a question, Routray said that he was a loyal Congress worker for the past 55 years and had no intention to change party affiliation in future.
Economic Survey 2023: As of August 2022, 44.8 percent of APY subscribers were between 18 and 25 years of age, as compared to 29.3 percent in March 2016.
National Pension Scheme’s newest fund manager, Tata Pension Management’s CEO Kurian Jose, has a challenge ahead of him, what with a crowded space with nine other competitors and a product that is yet to hit the popularity levels it deserves.
Bale, who made a record 111 appearances for Wales, led his country from the international football wilderness to two European Championships -- reaching the semi-finals of Euro 2016 -- and a first World Cup since 1958.
Rohit, along with another former skipper Virat Kohli and recently sacked vice-captain KL Rahul, are currently not a part of the shortest format.
Citizen and corporate models to grow fastest going forward; approval for minimum assured return scheme expected soon, says PFRDA chief Supratim Bandyopadhyay
The Tamil Nadu-based Navratna company, in a BSE filing, said its Director Planning and Projects K Mohan Reddy has been entrusted the additional charge of the post of CMD for a period of three months by the Ministry of Coal with immediate effect.
Workers are in short supply three years into the pandemic job market rebound, and officials increasingly think they aren’t coming back.
While higher pension contributions would mean higher pensions for the employees, they should keep their current age, stage of employment, risk appetite, health condition, cash flow requirements, and tax impact, in perspective while deciding on whether or not to contribute to the EPS scheme on higher salary.
Depends on your risk appetite. Index funds, certainly, along with a sprinkling of mid- and small-caps for some added upside.
The 34-year-old Busquets, who also won the 2012 European Championship, is ending his Spain career after 143 appearances, the Spanish national team said Friday.