Fri, Nov 22, 2024
NPS Withdrawal (SLW)+ Monthly Annuity Pension: National Pension System (NPS) not only has the provision of providing a monthly pension from the annuity plan, but an NPS subscriber can also opt for monthly withdrawal from their lump sum corpus. This can increase their overall corpus value considerably.
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Retirement Calculator: Retirement planning for everyone is important, and equally important is to start it early. If one delays it for some years, they lose a significant edge over someone who starts it early.
Public Provident Fund (PPF) Corpus Calculator: PPF provides 7.1 per cent interest rate. Deposits up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free. One also gets the option to continue their PPF account after a 15-year lock-in period with or without making new deposits.
Wed, Oct 02, 2024
EPF vs PPF Retirement Corpus Calculator: Employees' Provident Fund Organisation (EPFO) runs the EPF retirement scheme for private sector employees. Employees with at least Rs 15,000 monthly basic salary are eligible to make a monthly contribution to their EPF account. Public Provident Fund (PPF) is a scheme run by Post Office and banks. The current interest rate in the scheme is 7.1 per cent compounded yearly.
Retirement Corpus Planning: When we think about retirement planning, the biggest mental block that we feel is that we don't save enough to invest. But here two factors are important: we need to invest first and save the rest to run our monthly expenses; secondly, no investment is small if you do it consistently for a long time.
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.
Mon, Sep 30, 2024
EPF Retirement Corpus Calculation: In Employees' Provident Fund (EPF) scheme, the employee and the employer make a monthly contribution to the employee's EPF account. The employee can withdraw the amount at the retirement age of 58 years of age or under certain conditions. The retirement corpus accumulated thus is tax-free.
Sat, Sep 28, 2024
NPS Vatsalya Calculator: Parents/uardians can open minos/children's NPS Vatsalya account. They can contribute till the child turns 18, then NPS Vatsalya account will be converted into a normal NPS account. Corpus up to 20 per cent can also be withdrawn at 18.
Thu, Sep 26, 2024
Top 10 NPS SIP Mutual Funds in 1 Year: Starting from 18 years of age, they can invest up to 75 years of age. At 60 years of age, they get the option to withdraw up to 60 per cent of the lump sum amount. They need to purchase annuity from the rest of the 40 per cent amount, which provides them monthly pension.
Wed, Sep 25, 2024
From Rs 10,000 monthly SIP to Rs 6 crore retirement corpus: In investments where you get compound growth, a long duration matters. If you stay in an investment for long, even modest returns and a low amount can help you generate a retirement corpus worth many crores.
NPS Vatsalya Calculator: In NPS Vatsalya scheme, parents/guardians of minors 0-18 years of age can invest. The account is opened in the name of the minor and they also get the Permanent Retirement Account Number (PRAN).
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.
EPF Calculator: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees where they can generate corpus and also get monthly pension post retirement. The employer and the employee make monthly contribution to the former's EPF account.
Fri, Sep 20, 2024
NPS Monthly Pension: Retirement planning is important for everyone since one needs a regular income source to meet their daily expenses. There are many retirement, senior citizen, and annuity schemes that provide monthly, quarterly, half yearly, or yearly income.
Retirement Planning: Systematic Investment Plan (SIP) can be used to generate a retirement corpus in the long run. Once the financial goal is achieved, the investor can start a systematic withdrawal plan (SWP) to get monthly income for years.
Thu, Sep 19, 2024
NPS Vatsalya vs NPS: Parents/guardians on behalf of minors/children in the 0-18 year age group can open an account. The account will be opened in the name of the minor, and a PRAN number will also be issued to him.
Wed, Sep 18, 2024
Retirement Planning: EPF is a retirement scheme where the employee of a private sector makes a monthly contribution to generate a retirement corpus. The minimum basic salary to get an EPF account should be Rs 15,000. Systematic Investment Plan (SIP) is a method to invest in a mutual fund scheme. In SIP, an investor invests a predetermined amount every month or investment cycle.
From Rs 12,000 monthly SIP to Rs 8 crore retirement corpus: Having a large corpus in the long run can help you bear your large expenses. But to reach that stage, one needs to start investing early and in schemes where they can get steady post tax returns.
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.
Mon, Sep 16, 2024
EPF Retirement Corpus Calculation: Employees' Provident Fund (EPF) is a retirement scheme where one can contribute monthly and build a corpus. One receives 8.25 per cent compound interest on their investments. If they start investing early, they can build a large corpus in the long run.
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).
Retirement Planning: The combination of systematic investment plan (SIP) and the systematic withdrawal plan (SWP) can be used to get monthly income. The idea is to invest Rs 15,000 for 20 years, get 14 per cent annualised return on that and then withdraw Rs 100,000 monthly income for at least 45 years.
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