Retirement planning: Are you saving enough money? Tips on SIP, EPF, and NPS contributions | Mint

Retirement planning: Are you saving enough money? Tips on SIP, EPF, and NPS contributions | Mint

Source: Live Mint Retirement planning is essential for ensuring financial security in the future. Adopting a proactive, planned investment approach can significantly aid in developing a solid corpus. Industry experts suggest that a person can create a diversified, growth-oriented strategy by combining instruments like systematic investment plans (SIPs) with government-backed programs like the Employees’ Provident…

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Higher Pension: Employers must submit wage details by January 2025 to get benefits | Mint

Higher Pension: Employers must submit wage details by January 2025 to get benefits | Mint

Source: Live Mint The Employees’ Provident Fund Organisation (EPFO) provides an online facility for submitting wage details by employers for pensions on higher wages. The EPFO has extended the date to submit the wage details to January 31, 2025. “A final opportunity is being given to the employers till 31.01.2025 to ensure that employers process…

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Will EPF pension be raised soon? Here are parliamentary panel’s recommendations | Mint

Will EPF pension be raised soon? Here are parliamentary panel’s recommendations | Mint

Source: Live Mint The Parliamentary Standing Committee on Labour recently recommended that the government raise the minimum pension, which currently stands at ₹1,000, given by the Employee Provident Fund Organisation (EPFO) under its Employee Pension Scheme (EPS). In its report tabled in Parliament on December 16, the panel noted that over a decade has passed…

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EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here | Mint

EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here | Mint

Source: Live Mint The Employees provident Fund Organisation (EPFO) has announced that certain classes of employees do not need to seed Aadhaar for the settlement of their physical claims. Typically, EPFO subscribers should seed their UAN (Universal Account Number) to Aadhaar for settling claims; some exceptions have recently been incorporated via a circular dated November…

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