Retiring early with the desired amount is like a treasure trove. However, it may look quite impossible when you’re just starting out a new career or job. Don’t fret about it. With the right allocation and prudent planning, one can start their journey towards as early as 20 years old. By adhering to the valuable …
Employees’ provident fund, popularly known as EPF fund is an important fund for employees carrying many benefits for such employment. However, it is often noted that employees face consequences for not using the PF in the right way. It is associated with an authorized process, which the employees need to follow to acquire such a …
A Quick Guide to PF Withdrawal – How to Withdraw PF Amount Online? Read More »
Recently, the center has cleared the interest rate of 8.15% of EPF funds, which was decided earlier in the year on March 28 by the Central Board of Trustees (CBT). The Ministry of Labour and Employment of the Government of India has cleared by a report on July 24 referring to this matter under para …
Central Government Approved EPFO Rates at 8.15% in 2022-2023 Read More »
In today’s fast-paced world, planning your retirement has been a cake walk. When the golden years of our lives are spent, it is now the potential time to live a financial risk-free life of our retirement. Well, saying that now it’s possible in the world of the internet. In this day, we can access a …
The Pension Funds Regulatory & Development Authority (PFRDA) governs the national pension saving scheme. A voluntary investment helps an individual get an extended income monthly after retirement. Once the income tenure gets completed, an individual can get a lump sum amount out of the NPS giving an ultimate value of income after retirement. Benefits of …
NPS Benefits – You Should Know before Your Retirement Read More »
If you’re an employee working in America, you can take the incentive of the employee’s retirement savings plan. It was introduced in 1978 with the name of the provision of the Revenue Act, 1978. In this act, if an employee serves under a company, he will get a particular percentage of his paycheck deducted for …
401(k) Plan: A Comprehensive Guide to Retirement Savings Read More »
A public defined contribution retirement savings plan is known as a National Pension System (NPS). The NPS wants to encourage people to make retirement savings a habit. Putting money into this financial instrument will increase your wealth while also reducing your tax burden. In this article, we shall cover the the necessary details regarding NPS. …
(NPS) National Pension System: Benefits, Interest Rate and Eligibility Read More »
Not all of your income will be yours even after your retirement. The tax element comes into play. This will reduce the amount that an individual has in their hands. One needs a careful estimation as well as proper knowledge to tell when and how the retirement amount will be taxed and the kind of …
PensionOne of the most common ways in which an individual receives amounts at the time of retirement is a pension. A pension is a regular payment received by an individual from an entity who can either be his employer or some other institution like a mutual fund or an insurance company. Pension plays a very …
What is Pension Scheme? Types Of Pension Plans? Retirement and Pension! Read More »
