https://www.deluvis.cz/cs Hlavní město České republiky – Praha, a především Pražský hrad patří ke kulturním pokladům, které připomínají tisícileté dějiny …
https://www.deluvis.cz/cs Posláním společnosti Deluvis Wealth Management je poskytování komplexních služeb klientům při správě jejich majetku. Investice …
dmca advisory | the difference is a great relationship Contact us at firstname.lastname@example.org or alternatively call 08 8272 5620.
Saturday, 28 December 2019 Chinese wealth manager CreditEase is said to seek fresh funding | Sky Singapore Chinese fintech giant CreditEase is raising new …
Tuesday, 24 December 2019 BlackRock, Temasek, CCB agreed to set up a wealth management joint venture | Yellow Part BlackRock, Temasek to take majority …
Sunday, 22 December 2019 HSBC SG’s new digital platforms | Yellow Part Its financial planning and tracking app will have risk and scenario analysis functions.
Title: Plan your retirement with NPS
Speaker info: Chitra Grace Marion (Content and Research at MyWay Wealth)
What is NPS?
National Pension Scheme is a defined contribution-based Pension Scheme launched by Government of India. NPS is regulated by Pension Fund Regulatory Authority of India (PFRDA). It is a voluntary scheme for old age security.
Why should I invest in NPS?
1. Tax benefits:
Additional investment up to Rs. 50,000, is deductible from taxable income under section 80CCE over and above 1.5 lakh deduction which we get under NPS below.
You can expect a return of 9% from NPS. Returns are totally dependent on the investment choice you do.
3. Source of regular income:
NPS will help you take care of your monthly expenses when you need it most.
Who can invest in NPS?
A citizen of India, whether resident or non-resident can join NPS between the age group of 18 to 60 years. A pre-existing pension account holders can also apply under this scheme for fresh registration.
Types of Account under National Pension Scheme:
1. Tier I Account:
A Tier I account is mandatory to open in order to join NPS. The account has limitations on withdrawal. The subscriber needs to make a minimum contribution of INR 1,000/year. Taxation benefits can be availed on money deposited in this account.
2. Tier II Account:
This account is optional and can be opened at any point of time – at the time of opening Tier I account or later. Tier I account is compulsory for opening Tier II account.
How to open an NPS Account?
In today’s digital world where everything is available online, we are a new-age app that makes it easy to invest in mutual funds. You can directly invest through our app and it’s just a few clicks away.
Withdrawing money from NPS:
After 60 years of age, up to 60% can be redeemed lumpsum out of which 40% is tax-free; the balance will be converted for pension payout.
If you want to exit before 60 years of age, then only 20% of the corpus can be withdrawn and balance to be invested for pension payout.
In case of death the subscriber, a nominee is allowed to withdraw 100% of NPS.
Click here to install MyWay Wealth: https://go.onelink.me/mTCv/e96d7e68
Invest online on MyWay Wealth website: https://app.mywaywealth.com/?utm_sour…
Atlas Wealth Management is a specialist in providing financial advice to Australian expatriates. Whether you are based in Shanghai, Dubai or further afield, we have the experience in providing wealth management and planning services to the expatriate community. To find out more go to http://www.atlaswealth.com.au.
Leaders of today’s organisations should learn from epics such as Mahabharata, Ramayana and ancient management expert Chanakya’s Arthshasthra to bring in …
Principal Consultant, Scott Yates describes the fundamental elements of Asset Management.
How Can We Help You?
It’s our responsibility to evaluate and assess your financial situation and only make recommendations that are in your best interest, and we do so with integrity & transparency.
Contact Us Today
1355 North Main Street
Bountiful, Utah 84010