Retirement

A Rs 1.5-crore retirement corpus may not comfortably generate Rs 1.5 lakh per month for 20 years. But a monthly income can range from Rs 70,000 to Rs 1.2 lakh depending on asset allocation, withdrawal rate and risk appetite.

Factors such as inflation and rising medical expenses make long-term planning even more essential.

The panel is consulting employee unions, pensioner associations, ministries and other stakeholders to gather inputs on pay structures, allowances and retirement benefits.

The benefit under Form 40 is mainly available to resident taxpayers with specified retirement accounts in notified countries such as the US, UK, Canada and Australia.

Small Finance Banks or SFBs are offering interest on term deposits of up to 8.25% p.a. for a 30-month deposit to senior citizens. Should you consider them?

The EPFO 3.0 system aims to make withdrawals paperless, faster and more convenient, allowing members to access their savings in seconds instead of waiting days or weeks for claims to be processed.

Wars, sanctions, political instability, capital controls, inflation shocks, or currency weakness can permanently alter a country's fate, long-term returns and retirement outcomes.

It may take more than thirty years to accumulate a sizable corpus if a person does not gradually increase their investment amount.

The proposed WhatsApp service is expected to give members access to a range of EPFO services while enabling quicker resolution of queries

Under the drawdown option, NPS subscribers will be able to access periodic payments from their lump sum corpus at intervals such as every month, quarter or year, while continuing to receive compulsory annuity payouts.

Backed by the Government of India, PPF offers guaranteed returns along with attractive tax benefits, making it an ideal choice for long-term financial planning.

Depending on salary, tax goals and retirement planning, employees can choose these instruments that come with unique features and utilities.

For some investors, increasing VPF contribution could strengthen retirement security. For others, diversifying into equities and other assets may offer better long-term outcomes.

The circular states that employees who had withdrawn money earlier from their NPS corpus will have to repay the amount with 10% interest. Failing this, their pension benefits under the revised scheme will be reduced proportionately.

Step-Up SIP means you increase your monthly investment slightly each year, usually by 5 to 10%.

After retirement, EPF savings can support daily expenses and maintain a stable lifestyle without dependence on others. 

Starting your investment journey at 35 is not too late. With disciplined monthly SIPs and the power of compounding, you can still build a corpus of over Rs 1 crore by retirement at 60.

Can a Rs 1 lakh salary build Rs 1 crore faster? See how investing Rs 40,000 monthly with SIPs can grow wealth and reach the target in 13 years.

Eligible pensioners will now receive the allowance directly in their bank accounts without submitting any medical bills or claims.

Old vs new tax regime in FY27: See which option offers better tax savings for salaried employees based on income, deductions and take-home pay.