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EPF must invest in equity to grow fast enough: Expert View

By investing in equity markets, EPF should be able to earn an annual income and earn positive returns each year, so that it can be credited to members.

EPFO to take a call on EPF interest rate for FY18 next month

The Finance Ministry had decided to lower the EPF interest rate of 8.8 per cent for 2015-16 to 8.7 per cent. The decision drew flak forcing the government to uphold 8.8 per cent.

10 steps to calculate how much money you will need for retirement

In 10 steps, we show you how to calculate the amount you need to put away for a comfortable retirement.

Family finance: Salaried Krishna needs to align investments with goals

Krishna's goals include building an emergency corpus, saving for kids’ education and weddings, retirement, and taking a vacation.

Want to be a successful investor? Analyse yourself first

Investing means reaching financial goals. So first focus on goals and then think about investments.

Lowering of PF contribution proposed: Here is how it will impact you

This can impact your take-home pay and the corpus accumulated at the time of retirement. Further, the cost-to-company will change too.

Online EPF withdrawal, pension fixation to be a reality by May

EPFO offices would be connected to central server in couple of months following which the facility of online submission of all sort of applications can be introduced.

EPFO's central board of trustees notifies new committees

The EPFO presently covers 190 industries (mentioned in the schedule 1 of the EPF Act) with over 20 crore accounts in over 11.3 lakh covered establishments. It manages a corpus of over Rs 10.5 trillion.

Finance ministry seeks labour ministry help to fund proposed hike in minimum EPS pension

The move comes in the wake of tremendous pressure being built up on the government to raise minimum pension of EPS subscribers in line with guaranteed pension for the unorganised workers.

I want to build a corpus of Rs 50 lakh in 12 years. How should I invest?

If you have a financial goal with 12 years of time horizon, you need to increase your monthly investment in the schemes to achieve your goal.

Say bye to voluntary EPF deductions

The first thing to do is to ask your employer to restructure your salary and switch back to giving the extra PF deduction amount as part of it.

Returns from which investments have beaten inflation? Here's a comparison

ET Wealth takes a closer look at investment options within each asset class, and their historical inflation-adjusted performance.

EPFO extends deadline for payment of EPF dues till January 20

EPF statutory dues for the month of December can now be paid by January 20, 2017.

Tax reliefs individuals are hoping for from Budget 2019: View

While the government needs to balance growth and revenue, here is a look at some of the key tax-related expectations from the upcoming budget.

Family finance: Salaried Pandya needs to hike equity investments to meet all goals

Navi Mumbai-based Jay Pandya, a salaried individual, will have to raise the equity exposure to be able to meet all his financial goals.

Tax parity for NPS and EPF members is a welcome step

Ideally, savings should be taxed at the time of withdrawal only when the money is not ploughed back into another saving product.

Under EPF amnesty scheme, companies can now enrol employees

Companies having 20 or more employees are required to mandatorily enrol those employees under the EPF scheme who have a salary of up to Rs 15,000 per month.

Invest in EPF and NPS both rather than just in one

The reason: While one provides stability, the high return potential from the other can enhance the investor’s retirement corpus.

After EPF, get ready for PPF and NSC rate cut

Analysts feel the govt may not make such a drastic cut lest it fuels the simmering resentment against the “minor inconvenience” caused by demonetisation.

How and when one can access EPF while still in job

EPFO allows you to access EPF even during the course of employment, but if the advance is misused, it will initiate full recovery of the amount.

Stiff deposit rules, EPF rate cut double surgical strikes: Congress

Surjewala also targeted the govt for what he said its attempts to convert banks into police stations by asking them to carry out inquiry for deposit of over Rs 5,000.

4 mistakes that can hurt your retirement planning

Mistakes in dealing with other related areas can in fact derail otherwise careful retirement planning.

Applied online for EPF transfer after March 1, 2017? You need to re-apply & here's how to do it

If you had initiated a transfer process from the 'online transfer claim portal' any time after March 1, 2017, you will have to resubmit your claim.

Family finance: Sankaran needs to hike investments and link them to goals

After considering expenses, Sankaran should invest the money instead of letting it idle and link it to his goals. His major goals include child’s education and retirement.

Family finance: Why Mudulis' need to increase equity investments

By raising investments and linking these to their financial goals, this couple can ensure a smooth financial journey into their retirement.

TUs to protest on Friday against lower EPF rate

The unions include Indian National Trade Union Congress, All India Trade Union Congress, Centre of Indian Trade Unions and All India United Trade Union Centre.

Six smart things to know about EPF withdrawals

The rollback is yet to be notified by the EPFO, and is expected to restore the accessibility of EPF balances for various needs of contributors.

What happens to PF balance after you quit your job

A PF account becomes inoperative if the employee does not make an application for withdrawal within 36 months of retiring after attaining the age of 55 years.

EPF members to get housing subsidy of Rs 2.67L via HUDCO tieup

Under the PMAY, the beneficiaries are provided credit linked subsidy based on their income levels so that the dream of housing for all can be realised by 2022.

Family finance: Why this Bengaluru-based couple needs to invest more in equity

The couple's goals include saving for future child’s education and wedding, buying a house and a car, taking a foreign vacation, and retirement.

Job creation dips 6.9 pc in Jan to 11.23 lakh: ESIC payroll data

During September 2017 to January 2019, as many as 2.08 crore new subscribers joined the ESIC scheme, the data showed.

Family finance: Salaried Raj can meet his financial goals with ease

Sam Raj's goals include building an emergency fund, taking a vacation, buying a car and a house, saving for his future child’s education and wedding, and his retirement.

Withdrawing EPF? You don't need your employer's signature anymore

This facility will be available to all those subscribers whose UAN is activated and seeded with the KYC details like bank account and Aadhaar number.

EPFO likely to retain interest rate at 8.55% for FY19

"The interest rate would be retained at 8.55 per cent for the current fiscal as provided in 2017-18 in view of forthcoming Lok Sabha elections," the source said.

Family finance: Why Singh will have to wait for a rise in income to meet goals

According to Fincart, lack of investible surplus means Singh will have to put off the goals of his kids’ weddings and house purchase till a rise in income.

Settling inoperative EPF accounts

The EPFO has introduced a helpdesk for employees’ provident fund account holders to settle inoperative accounts.

No need to make NPS attractive at the cost of EPF

To make NPS attractive, hope the PFRDA will remove the compulsory annuity clause as several investors avoid NPS now, mostly because of its compulsory annuity restriction.

BJP hails rollback of proposal to tax EPF withdrawal

BJP also took a jibe at Congress after some of its leaders, including Rahul Gandhi, sought to take credit for the Modi government's rethink.

EPF tax ‘rollback’ to precede budget talks

Jaitley will make his statement regarding “the issue of tax proposals for EPF/Superannuation Fund” after the Question Hour.

Congress protests for withdrawal of EPF tax proposal

Congress today staged a protest here seeking immediate reversal of the Centre's proposal to tax 60 per cent of Employees' Provident Fund (EPF) at the time of withdrawal and warned of escalating pressure if the demand was not met.

EPF tax benefits may be retained after backlash

Finance minister Arun Jaitley will make a statement in Parliament on the issue that has brought the otherwise well-received budget much criticism.

Government may restore some tax benefits on EPF

Budget proposed to tax 60% of EPF corpus at the time of withdrawal, but deposits made up to March 31, 2016 would be exempted from the proposed levy.

EPFO pensioners to get pension calculation statement: Move aimed at reducing grievances

This would lead to greater transparency and enable the pensioners to detect errors in calculation, if any and get them corrected faster.

After tax, EPF will lose sheen to NPS

NPS, which was opened for private sector employees in May 2009, has attracted voluntary investments worth only about Rs 2,800 crore.

How taxing interest portion of EPF impacts you

At a time when everybody was expecting NPS to be EEE, govt has made EPF similar to NPS. But, the final word on EPF taxability is still not out.

Budget 2016: Why government is wrong in taxing EPF

The best way to tax savings is indeed to exempt them at the time of contribution, exempt them at the time of accumulation and tax them at the time of withdrawal.

Wage ceiling may be hiked to expand EPS net

This could cost the exchequer Rs 2,500 crore annually and an estimated 6 million people will become eligible for minimum pension of Rs 1,000 a month.

EPF's investment in equity is rising: How safe is your retirement money?

The government wants to hike the Provident Fund’s investments in equities to boost returns. Find out what this means for you.

Proper accounting requires EPF to be unitised: Find out why this is crucial

Govt should now get moving on accounting and governance so that the real benefits of the liberalised asset allocation devolve to members of the EPF.

Budget 2019: Social security rides on tech to widen reach

The unveiling of the mega pension scheme for workers in the informal sector marks a key milestone in the Modi government’s plan to widen the social security net.

Family finance: Why Tyagis need to increase investments and link them to financial goals

The Tyagis goals include building an emergency corpus, saving for their children’s education and weddings, and saving for retirement.

Where should I invest my retirement benefits to get the maximum return?

Opt for the direct plans of the funds as they have lower expense ratios which help them generate higher returns compared to the regular plans.

EPFO nod likely soon for minimum Rs 2,000 EPS pension

The government has about Rs 3 lakh crore of pension funds and disbursement worth Rs 9,000 crore is made annually under the EPS.

I will receive a lump sum of Rs 15 lakh. Where should I invest it to save income tax?

Investment in ELSS qualifies for deduction under Section 80C. The lock-in period of these funds is three years. They have also outperformed comparable products by a wide margin.

You can now withdraw 90% of your EPF kitty to buy home, pay EMI from account

The EPFO has amended the scheme by inserting a new paragraph to the EPF Scheme, 1952, to enable a subscriber to make down payment to buy homes.

Government investing EPF money cautiously, finds result 'very positive'

"We have taken very cautious approach. Indications are very positive and economic growth is also picking up," Labour Minister Bandaru Dattatreya said.

MF portfolio doctor: Why Singh should avoid direct stock investments

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals.

No switch yet from EPF to NPS; need govt clarity: PFRDA

In the proposed amendment made by government last year, employees have been given one time option to join NPS in lieu of EPF, which is run by retirement fund body EPFO.

View: Short-term measures to pull economy out of crisis

The ball is now in government of India's court. Modi’s call to look beyond the Budget will not work.

What you need to know if you are planning to withdraw your EPF money to buy a house

Here's the difference between the existing and proposed amendments to withdraw EPF money for buying a house and areas that need further clarity.

NPS and EPF still better bets than pension plans

The yields offered by most pension plans by insurance cos are also not competitive when compared to existing FD (fixed deposit) rates, say experts.

Family finance: Why salaried Sahu needs to streamline investments to achieve goals

Sanjay Sahu needs to streamline his existing resources and align them with his goals. His goals include building an emergency corpus, saving for his children’s education, etc.

NPS funds seek stable growth, don’t chase spectacular returns: Hemant Contractor, PFRDA

"We are looking for stable growth, not spectacular returns. In the search for higher returns, we should not dilute the investment norms."

Returns in NPS show it is excellent investment option: View

The investments of the NPS are already showing excellent returns. If more tax incentives are provided, more people will join it.

Real estate stocks trade mix even as government plans to amend EPF scheme

On the other hand, Indiabulls Real Estate, HDIL, DLF and Unitech were down by 1.85 per cent, 1.45 per cent, 1.34 per cent and 0.83 per cent, respectively.

You may soon be able to withdraw 90% of your EPF money to buy your dream home

The withdrawal facility from the PF account under the Scheme will be available to only those PF members who fulfil the prescribed conditions.

Family Finance: Why Sharmas need to put off goal of buying a car

Besides the house, the Sharmas primary focus is building an emergency corpus, starting saving for their retirement, and buying a car.

Students getting stipend need not contribute for EPF

EPFO has made it clear that student trainees getting stipend are not required to contribute towards social security schemes run by it.

Social security code may let workers choose pension, PF & health schemes

These schemes could either be govt run or have private players operating in areas of pension, insurance and provident fund, a senior govt official told.

Rs 43,000 crore lies in inoperative EPF accounts: Govt

In 2015-16, 118.66 lakh claims were settled by EPFO while the numbers stood at 130.21 lakh and 123.36 lakh in 2014-15 and 2013-14.

SC clears path for pension to rise manifold for employees in all firms

The Supreme Court's decision has come in the wake of the special leave petition filed by the EPFO against Kerala High Court judgement.

Investors remain aloof to NPS despite govt, corporate push

NPS or National Pension System is yet to find widespread acceptance among the working population in the country, say investment advisors.

If there is tax parity, lot of EPF investors will switch to NPS: Hemant Contractor, PFRDA

“We don’t want insurers and mutual funds to sell pension products unless regulated by PFRDA.”

Labour, Finance ministries on same page on EPF rate: Bandaru Dattatreya

Union Labour Minister Bandaru Dattatreya today denied having any differences with the Finance Ministry over the EPF interest rate.

Opposition slams Finance Ministry decision to slash EPF interest rate

CPI(M) member Tapan Kumar Sen slammed the "unilateral, undemocratic" action by the Ministry, saying it had completely ignored the unanimous decision.

Finance Ministry defends lower EPF rate, cites lower earnings of EPFO

Earlier in February, the Central Board of Trustees (CBT) of the EPFO had decided to provide 8.8 per cent interest to its over five crore subscribers for 2015-16

Finance, Labour ministries lock horns over EPF interest rate

Labour Ministry sources said the Ministry will seek review of the Finance Ministry's decision as EPFO has sufficient income in 2015-16 to pay higher returns.

Finance Ministry approves 8.7% interest on EPF for 2015-16

The finance ministry had last month reduced interest rate on small saving schemes including PPF scheme and KVP to 8.1% and 7.8%, respectively

When you start investing for retirement, asset allocation matters more than how you invest

Risk profile of a portfolio—aggressive, moderate or conservative—and the choice of instruments will affect the size of one's retirement kitty. Find out how.

Family Finance: Why Singh should be able to meet financial goals easily

Sukumar Singh works in Hyderabad. His goals include building an emergency corpus, saving for his children’s education, and retirement.

Family finance: Thane-based Danges can meet primary goals easily, but need to secure risks

Though the Danges have a high amount of surplus and have saved aggressively, they should put off buying another house and taking a vacation for now.

Family Finance: Why Iyer needs to increase his equity investment

Deepak Iyer is an IT professional and stays in Pune with his wife and son. With a high realty skew, they will now need to invest in equity to reach their goals.

Members who quit National Statistical Panel never expressed reservations during meetings: MoSPI

The ministry, it further added, values the advice of NSC and takes appropriate action.

Family Finance: Why Das needs to stagger some of her financial goals

Mehul Das is single and employed. Her goals incude building an emergency corpus, saving for her own wedding, buying a car and a house, and her retirement.

Why the EPF debate prompts a relook at retirement planning

A study by JLL India estimated the number of elderly people living in India to be more than 10 crore, and this is expected to grow by 3.8% every year.

Government mulling making EPF rules applicable to smaller establishments: Bandaru Dattatreya

Bandaru Dattatreya said at present, these provisions are applicable only to establishments which employ 20 or more people.

need2know: Oil prices fall, EPF tax buried and more

A quick turnaround in crude oil prices has again turned things on the head for global equity markets and risk-on trade. And Goldman has just painted an even more depressing picture for crude. However, that should be good news for India's macros. Or is it?

Budget 2016: FM Arun Jaitley rolls back proposal to tax EPF

In the recent budget for FY17, the government has proposed that withdrawal in excess of 40% of the accumulated corpus will be taxed.

Employers can file unified EPF, ESI returns from tomorrow

Taking another step towards ease of doing business, the Centre will launch tomorrow a common registration facility on e-biz portal which will enable employers to avoid filing separate EPF and ESI returns.

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