A Qualifying Recognised Overseas Pension Scheme Or QROPS” allows individuals who live outside the UK, or are intending to leave the UK, to transfer their UK-registered pension into an approved offshore pension scheme without deduction of UK tax. For those individuals that qualify for such a pension, a QROPS plan can provide greater flexibility, improvedRead More
Retirement
Understanding WILL – Common FAQs
This is part 2 of the article on Understanding WILL. In the previous article, we discussed the legal terms & their meaning. In this article let’s take the discussion further. We will answer the common question arising before & during the will-making process. Here are the FAQs on Understanding Will Making Process Who can writeRead More
Understanding WILL – Know the Legal Terms
WILL is the ultimate document that decides on the disposition of one’s assets after his or her demise. Disposition means to transfer, distribute or sell. Will can be made online & offline. But before you proceed, you should know the legal terms in will making process. Understanding Will making process helps you to redistribute yourRead More
Ombudsman for NPS & APY – Resolve Grievances
The number of NPS subscribers is increasing day by day. The combine NPS (National Pension Scheme & APY (Atal Pension Scheme) is managed by NPS Trust in India. It is a need that they have an Ombudsman, where you can complain against service deficiencies made by NPS participants, trust & Point of Service. Hence, afterRead More
Taxation on PF Withdrawal – All Scenarios
EPF or employee Provident Fund is hard-earned money through your service to an organization. Overall if a person is attaining superannuation, it is supposed to be tax-free. BUT NOT ALWAYS! Money received from EPF can be taxable or there can be tax deducted at source (TDS). Let us understand Taxation on PF Withdrawal or TaxationRead More
7 Best Investment Options for NRIs in 2020
While there are many NRI Investment Options in India, one should check his requirement & risk appetite. Your home country may restrict, but in India barring few exceptions, NRIs are allowed to invest in many options. Here is the comprehensive List updated till April 2020. India has rapidly grown and provides the potential of sharingRead More