Procedure to combine multiple EPF UAN numbers or Deactivating old UAN: Mr. Rakesh Agarwal, an IT professional worked in ABC Ltd for one year from April 2015- March 2016 and in April 2016, he joined XYZ Ltd. While working with ABC Ltd, he had an Member ID/EPF account and the employer also had allotted a […]
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Here is a comparison between NPS and Mutual Funds: The New Pension Scheme (NPS), a defined-contribution scheme initially launched for the government employees, was extended to all the citizens of India by the end of 2009. It is an ambitious annuity plan aimed at building a vast corpus to provide regular income to you, post-retirement.
NPS vs. Mutual Funds: A Retirement Planning Perspective Read More »
All you need to know about Reverse Mortgage Loan enabled Annuity (RMLeA): Reverse Mortgage Loans (RML) were introduced in 2011 to provide financial security to the senior citizens in their post-retired life. It offered several advantages like principal amount based on the value of property instead of credit history of the borrower, periodic loan receipts
Reverse Mortgage Loans (RML) for uniform income after retirement: Dwight L. Moody once rightly opined “Preparation for old age should begin no later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement”. Where as we have Mr Raghav Sharma who believed otherwise, he never gave retirement planning
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Here is all about Leave Encashment and its Tax Implications: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Mr. Anurag Basu has been working with a private company for 25 years and will
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A guide to Gratuity & Its Tax Implications: Gratuity is a part of the salary paid by an employer to his employee for the continuous service of five or more years(minimum 240 days a year). It is one of the retirement benefits received by an employee from his employer upon leaving his job. In other words,
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
Top 10 Monthly Income Investment Options in India Read More »
Premature Closure & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme introduced by the Ministry of Finance in 1968, for the creation of retirement corpus of an individual and has become a favourite investment option for many investors over a period. Some of the salient features of PPF are listed below: •
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Here is how you can update your credentials in EPF Account: Mr Anil Sharma left his job a few months back and had not joined any other job after that. He had worked for almost 15 years in his previous company and therefore had a good amount of corpus accumulated in his EPF account, meanwhile
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Loan Facility & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme created to build a retirement corpus for an individual. It is always prudent not to break up your corpus in between, as it helps you to secure your future. However, if in case of any exigency or financial crisis, PPF scheme
Withdrawal & Loan against Public Provident Fund(PPF) Read More »
