Mon, Oct 21, 2024
Kerala Finance Minister K.N. Balagopal stated that each pensioner would receive Rs 1,600 within the week. Of the total beneficiaries, 26.62 lakh will receive the amount directly in their bank accounts, while others will have their payments delivered through cooperative banks to their homes.
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Fri, Oct 11, 2024
Monthly Income Through SIP+SWP: Mutual fund SIP is an effective investment tool to create a sizeable retirement corpus in the long run. Systematic Withdrawal Plan (SWP) can be used to withdraw that money in phases while also getting growth on that investment.
Wed, Oct 09, 2024
NPS vs EPF Retirement Corpus Calculator: NPS is a market-linked retirement scheme where, while EPF offers 8.25 per cent interest rate. An NPS Tier I account offers tax benefits, while contributions in EPF also offers tax relaxation under Section 80C of the Income Tax Act, 1961.
Tue, Oct 01, 2024
NPS Annuity Calculator: At 60 years of age, NPS subscribers get the option to withdraw their retirement corpus and also purchase an annuity plan. However, they can withdraw only up to 60 per cent of their corpus. From the rest of the 40 per cent amount, they need to purchase an annuity plan. The return from annuity investment helps them get a monthly pension.
Fri, Sep 27, 2024
Retirement Planning: Investment through a Systematic Investment Plan (SIP) in mutual funds can be used to get steady returns and build a large corpus in the long run. A Systematic Withdrawal Plan (SWP) is a way to withdraw that money in phases while also getting growth on that investment.
Tue, Sep 24, 2024
National Pension System (NPS) Annuity Calculator: NPS is a retirement scheme, where one can invest from ages 18 to 75. At 60 years, NPS account holders get the option to withdraw up to 60 per cent lump and they need to purchase annuity from the rest of the 40 per cent amount.
Mon, Sep 23, 2024
NPS Vatsalya Retirement Planning: A parent or a guardian can open a minor's NPS Vatsalya account. The account will be opened in the name of the minor, but it will be operated by the parent/guardian. While the Permanent Retirement Account Number (PRAN) will be in the minor's name, they will also be the sole beneficiary of the scheme.
Tue, Sep 17, 2024
National Pension System (NPS) Annuity Calculator: When an NPS account holder reaches the retirement age of 60, they get the option to withdraw up to 60 per cent of their retirement corpus. From the rest of the 40 per cent, they purchase annuity, return from which help NPS subscribers get a monthly pension.
Fri, Sep 13, 2024
NPS vs UPS vs OPS: In Unofied Pension System (UPS), the pension amount is 50 per cent of the last 12 months basic pay (for employees who have completed 25 years of service).
Tue, Sep 03, 2024
NPS Pension Calculator: NPS offers 5 types of pensions to its subscribers- annuity for life without return on purchase (ROP), joint life annuity with ROP, joint life annuity without ROP, and family income with ROP.
Fri, Aug 30, 2024
OPS vs NPS vs UPS Pension Calculations: In the Old Pension System (OPS), employees invest 10 per cent of their monthly salary along with basic and dearness allowance, while the government contributing 14 per cent. National Pension Scheme (NPS) funds invest in equity, corporate debt, government bonds, and alternative Investment funds.
Thu, Aug 29, 2024
7 regular income investment plans: Regular income is very important for everyone to run daily expenses. Many schemes, such as mutual fund Fixed Deposit (FD), Systematic Withdrawal Plan (SWP), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS), and Atal Pension Yojana (APY), can provide you regular income-
Fri, Aug 16, 2024
Top 7 SWP Mutual Funds in 10 Years: In SWP, you invest a lump sum amount and withdraw money monthly. The advantage of it is that while you are withdrawing your money, it also grows with time. So, if your rate of withdrawal is lower than the rate of growth, you can withdraw money for decades, and your money is likely to grow even then.
Fri, Aug 09, 2024
NPS Retirement Corpus: A delay in the NPS exit can help grow their retirement corpus and annuity amount exponentially. Delaying NPS exit by 15 years, from 60 to 75, can increase the value of their Rs 2 crore corpus by over 4 times.
Thu, Aug 01, 2024
National Pension System (NPS) is a popular retirement pension option India, where government as well private sector employees can contribute starting age 18 till 75. One make lump sum or fixed monthly contribution (in the form of SIP) in NPS.
NPS Retirement Planning: In NPS, at the age of 60 years, the NPS account holder gets the option to withdraw up to 60 per cent of their retirement corpus and invest the rest 40 per cent to purchase an annuity. The purpose of investing annuity is to get a monthly pension.
Wed, Jul 31, 2024
Top NPS mutual fund with best SIP returns in 5 years: Unlike many pension schemes, which offer fixed interest rates, National Pension System (NPS) is a market-linked retirement scheme.
Fri, Jul 19, 2024
NPS Monthly Pension: As per the NPS official website, NPS Tier I account holders can avail tax deduction of up to 10 per cent of their salary (basic+dearness allowance) under section 80 CCD(1) within the overall ceiling of Rs 1.50 lakh under Sec 80 CCE. They can also get a tax deduction of up to Rs 50,000 under Section 80 CCD(1B) over and above the overall ceiling of Rs 1.50 lakh under Section 80 CCE.
Fri, Jul 05, 2024
Retirement Planning: National Pension System (NPS) is a government-run retirement scheme that is getting popular among new-age employees and investors who want to build a large retirement corpus and get a monthly pension after that. The market-linked scheme provides an opportunity for its account holders to choose the percentage of equity in their portfolio up to a maximum of 75 per cent. But how much should your monthly contribution be to achieve a sizeable corpus and get a monthly pension of Rs 1 lakh? Ranbheer Singh Dhariwal, Chief Executive Officer, Max Life Pension Fund Management Limited, suggests how you can plan your NPS journey.
Thu, Jul 04, 2024
SIP+SWP: One can start a SIP with a small monthly investment of Rs 100. The SIP investment provides rupee cost averaging as well as compound growth. While in a SIP you invest money every month, in a SWP plan, you withdraw money every month from the mutual fund scheme.
Fri, Jun 28, 2024
Monthly Pension Schemes For Senior Citizens: Senior citizens look for retirement options that can give them a fixed income every month. It makes them financially independent and helps them achieve financial freedom. lets look at five investment options that senior citizens can invest in to earn regular, monthly income during their retirement years. The idea here is to build a retiree portfolio with a mix of these products.
Retirement Planning: One can contribute to NPS starting at age 18 and continue it till 70 years of age. NPS offers Tier-I and Tier-II accounts. In a Tier-I account, the lock-in period is 60 years of age. At retirement, one can withdraw up to 60 per cent lump sum, and the rest of 40 per cent should go into purchasing annuities to draw a monthly. If one wants, they can purchase annuities for all of their 100 per cent retirement corpus.
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