Retirement

July 26, 2023 12:24 PM IST

Personal Finance: Changing asset allocation can give equity boost to your NPS investments

Selecting the ‘Active’ option for long-term savings under NPS allows you to invest up to 75 percent into equities. This helps as, otherwise, the equity portion shrinks below 35 percent during your prime earning period. But exercise caution if you are nearing retirement

How your employer can help you earn additional tax breaks through NPS

Employers’ contribution to corporate NPS of up to 10 percent of your basic salary can fetch you tax benefits under both the old and new tax regimes.

Is NPS the best retirement planning tool?

NPS can be a viable investment option for retirement planning, considering the tax benefits and asset mix. However, investors need to evaluate the tax implications and future returns, especially regarding annuity investment and withdrawal policies

Seeking higher EPS pension? You have only five more days to apply

Higher EPS pension deadline: The deadline to apply for higher pension on actual basic salary instead of the statutory limit of Rs 15,000 has been extended to July 11. Here’s everything you need to know about eligibility, the procedure and calculation. Is it worth your while?

Aditya Birla Sun Life Insurance rolls out guaranteed pension plan Nishchit

The pension plan is a non-linked, non-participating policy aimed at policyholders looking for guaranteed returns to build their retirement kitty

EPF or NPS: Which is the better investment option?

It doesn’t have to be an either/or decision. Indeed, choosing both the Employees’ Provident Fund and the National Pension System is the best option, for they are complementary forms of investment.

70% of NPS annuity subscribers choose single life policy to pass on principal to nominee: PFRDA

According to the Handbook of NPS 2023, over 1,09,344 subscribers opted for annuity plans at the time of superannuation/exit since the launch of the National Pension System. Of them, 70 percent chose the Annuity for Life with Return of Purchase Price plan.

Minimum assured return on the cards, rollout in the near future: PFRDA chief

The scheme is required as per the PFRDA Act and is in the works, but the cost, too, will go up due to the element of guarantee, says PFRDA chairman Deepak Mohanty

NPS Equity funds shine, but struggles to beat broader indices

A Moneycontrol rolling return analysis on the NPS data available from the Handbook of NPS Statistics (2023) shows that all the Tier – 1 equity schemes struggle to beat the Nifty 100 – TRI while the Tier – 1 Corporate bond schemes and Government securities schemes comfortably beat the relevant categories of mutual fund counterparts

NPS: Securing India’s greying population

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.

Explained: Debt investments through NPS

NPS also invests in equities. Here’s how

Deadline for choosing higher pension option extended to June 26: Your key questions answered

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.

In your 30s and not yet invested in mutual funds? Here’s how to make a start

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.

May 3rd is the last date to apply for higher pension from EPS, check how to apply

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.

EPF e-passbook facility remains under the weather

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.

In your early 50s and nearing retirement? These 2 MC30 schemes can take you there

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

What is NPS’ scheme A?

This scheme invests in assets such as real estate investment trusts (REITs), InvITs and mortgage-backed securities

Active vs Auto: Which National Pension Scheme investment choice is better for FY2023-24?

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.

When should you increase your VPF contributions?

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.

Seshagiri Rao announces retirement from JSW's board after 24-year tenure

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.

Kiran Mazumdar-Shaw to retire from Infosys Board

The Infosys Board has appointed D Sundaram as the Lead Independent Director, effective immediately based on the recommendation of the Nomination and Remuneration Committee.

Select central govt employees get one-time option to opt for old pension scheme

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.

Congress leader Suresh Routray announces retirement from electoral politics

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: Women make up 44% of voluntary APY subscribers

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.