Pension Plan explained for people in India. After Retirement, Pensions are very important for us but Why? No one ever explained us about Pension Plans – what are they, different types of Pension Plan, which plan to choose, what are Return of Premium Plans and most importantly what returns do you get from these Pension … Read more
Background New CBDT Circular has been released about New PF rules 2021 according to which TAX on PF Interest in Budget 2021 will be calculated. The Finance Ministry has notified new PF related Income Tax rules 2021 to implement a fresh tax on Provident Fund (PF) savings. This can impact your EPF / VPF /GPF … Read more
About the Plan LIC Launched its LIC Saral Pension Yojana 2021 on 1st July 2021. Saral Pension Plan is a brain child of IRDA which vide its January circular directed all Life Insurance companies to introduce a standard, individual immediate annuity product, with simple features and standard terms and conditions. The Plan number for this … Read more
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Even getting 6% Interest rates in PPF can also help you reach your retirement goal. Investment in PFF is termed as one of the safest and most lucrative investment. Not only does it give one of the highest returns among various Debt Instruments but it also helps in creation of good retirement corpus, if one … Read more
Time Value of Money (Part 2 – Inflation, FV, PV) The Background In my last post, we discussed about how much we need to save regularly to be able to manage to reach a Future Value. In that case we had a target of reaching 5 Lakh and basis the formula we learnt, we deduced … Read more