On Monday, finance minister Arun Jaitley announced changes to the National Pension System (NPS), increasing the total tax-exempt cover to 100% of the NPS maturity value from 80% earlier.   Prior to this change, 40% of the total was annuitized without paying tax, 40% could be withdrawn...

The Union Cabinet on Wednesday decided to indefinitely extend the Atal Pension Scheme, which lapsed in August, while doubling the accident insurance and relaxing the age criteria by five years to further incentivise the scheme.   Atal Pension Yojana (APY) is a social security scheme...

What is the first thought that comes to your mind, when you hear the word ‘retirement’? Is it that clichéd visual of an older you, sitting in a rocking chair, in the porch of your farmhouse?    Maybe it is a picture of you exploring different places in the world or, maybe, you haven’t...

Retirement might seem like an end to a fixed earning cycle, but it is not completely true. With proper planning and investment, you can manage your finances with equal ease as you did before retirement. While your savings account is an option to help you out in the times of emergency, one...

The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday said that it has made modification in partial withdrawal rules under the National Pension System (NPS).   According to PFRDA, partial withdrawals will now be allowed to NPS subscribers who wish to improve "their...