Superannuation Fund

In a rare incident of misconfiguration, Google accidentally deleted the account of a $125 billion pension fund, causing disruption for over half a million UniSuper members, who couldn't access their superannuation accounts for a week.

The budget document states, "It is proposed to provide a combined upper limit of seven lakh and fifty thousand rupees in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable. Consequently, it is also proposed that any annual accretion by way of i...

A subscriber is required to subscribe monthly to GPF except during the period when he is under suspension. Subscriptions to the general provident fund are stopped three months prior to the date of superannuation, according to pensionersportal.gov.in.

As per the rules, a member looking to transfer funds from Employees' Provident Fund or EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.

The transferred recognised provident fund or superannuation fund will not be treated as contribution of the current year by employee/employer and the subscriber would not be required to claim tax deduction.

The centre has warned retired police officers who continue to retain personnel and official vehicles even after superannuation, saying they must surrender such privileges immediately else action would be initiated against them.

To attract professionals and corporates to National Pension System (NPS), the government should provide a level playing field to the System in comparison to superannuation funds, like EPF, which enjoy 'EEE' tax benefit, the Pension Fund Regulatory and Development Authority (PFRDA) has said.

Rollback of the controversial EPF (employees' provident fund) tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts.

Government will rationalise the pension sector by a uniform tax treatment and has proposed to raise the exemption limit from Rs 1 lakh to Rs 1.5 lakh for annual contribution in a superannuation fund and also non-levy on taxes upon the death of an employee under NPS.

The bank issued the equity shares to LIC at an issue price of Rs 840.10 a share, Bank of Baroda said.

In a rare incident of misconfiguration, Google accidentally deleted the account of a $125 billion pension fund, causing disruption for over half a million UniSuper members, who couldn't access their superannuation accounts for a week.

The budget document states, "It is proposed to provide a combined upper limit of seven lakh and fifty thousand rupees in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable. Consequently, it is also proposed that any annual accretion by way of i...

A subscriber is required to subscribe monthly to GPF except during the period when he is under suspension. Subscriptions to the general provident fund are stopped three months prior to the date of superannuation, according to pensionersportal.gov.in.

As per the rules, a member looking to transfer funds from Employees' Provident Fund or EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.

The transferred recognised provident fund or superannuation fund will not be treated as contribution of the current year by employee/employer and the subscriber would not be required to claim tax deduction.

The centre has warned retired police officers who continue to retain personnel and official vehicles even after superannuation, saying they must surrender such privileges immediately else action would be initiated against them.

To attract professionals and corporates to National Pension System (NPS), the government should provide a level playing field to the System in comparison to superannuation funds, like EPF, which enjoy 'EEE' tax benefit, the Pension Fund Regulatory and Development Authority (PFRDA) has said.

Rollback of the controversial EPF (employees' provident fund) tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts.

Government will rationalise the pension sector by a uniform tax treatment and has proposed to raise the exemption limit from Rs 1 lakh to Rs 1.5 lakh for annual contribution in a superannuation fund and also non-levy on taxes upon the death of an employee under NPS.

The bank issued the equity shares to LIC at an issue price of Rs 840.10 a share, Bank of Baroda said.