Income

Want steady cash and less tax in retirement? Systematic withdrawals can help.

TheSpuzz Desk1 month ago011 mins

Source: Live Mint A systematic withdrawal plan (SWP) from a mutual fund can deliver regular income with tax efficiency. An SWP is the mirror image of a systematic investment plan (through which investments are made regularly). With an SWP, one can withdraw a fixed amount every year from a mutual fund. An SWP can be…

The invisible burden on low-income workers equivalent to a 35% tax

TheSpuzz Desk2 months ago011 mins

Source: Live Mint “This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing…

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Want steady cash and less tax in retirement? Systematic withdrawals can help.

The invisible burden on low-income workers equivalent to a 35% tax