Go for systematic withdrawal if you are looking for regular income with higher returns that come with staying invested in equities. But if you wish to move your corpus to fixed income instruments, choose lump-sum withdrawal, say financial advisors.
Under the National Pension Scheme (NPS), retirees have the option to withdraw 60 percent of the accumulated corpus tax-free at the time of retirement, utilising the remaining 40 percent to purchase an annuity.
Over his illustrious seven-decade career, Michael Caine has graced the screen in over 160 films.
Having a sufficient retirement corpus is something we all dream about. Enough money for expenses, leisure, travel and medical emergencies is what we strive for. But many times we fail to invest for retirement savings. Well, even if you start late, you can still build a corpus of crores! Watch to know more
Kip Turner's advice to young professionals is to 'take advantage of all of the training and education opportunities' a company offers.
The fund house will keep net equity exposure in the scheme in the range of 5-30 percent but use spot-future arbitrage to maintain the gross equity allocation above 35 percent.
Under the EPS, a deceased employee’s spouse and children, and in their absence the parents, are entitled to family pension for supporting their financial needs
India is considering raising the retirement age for chairmen and managing directors of state-owned banks, which control over 60% of the banking system’s assets, a government official said on Saturday.
K Balasubramanian will take over the role as the India and South Asia BCMA head alongside his current role as the head of corporate banking, South Asia, Citi.
How much money do you need to retire comfortably - and how do you account for inflation when deciding on your corpus? What all factors you need to consider? To know answers to these and many more questions, watch this video.
At the age of 60, subscribers to the National Pension Scheme have to choose between 15 annuity service providers and multiple pension payout options. The decision will hinge on your family's goals and financial situation.
Many people feel that to be financially free, you need to earn a lot but that’s not entirely true. Planning, starting early, and being disciplined can be more important
The ‘30X Rule of Retirement’ is a good strategy to adopt when planning for your retirement. But bear in mind that it is just a measure to see how far away you are from that goal. Actual retirement planning calls for many variables that are dynamic. Be prepared for your assumptions to go astray when you actually retire.
The Rs 6 dividend to shareholders is only a token of our affection, esteem and, most importantly, gratitude (towards A M Naik).
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
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.
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
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?
The pension plan is a non-linked, non-participating policy aimed at policyholders looking for guaranteed returns to build their retirement kitty
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.
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.
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
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
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.