Benefits Of Top Five Small Business Retirement Plans - PowerPoint PPT Presentation

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Benefits Of Top Five Small Business Retirement Plans

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This is another retirement designing possibility at your disposal. Initially, you would like to speculate an everyday quantity towards a concept, and after you retire, you get a set quantity as pension. Also, investment in pension plans qualifies for tax write-off below section 80C of the revenue enhancement Act, 1961. – PowerPoint PPT presentation

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Title: Benefits Of Top Five Small Business Retirement Plans


1
Benefits Of Top Five Small
Business Retirement Plans
PENSIONWEALTH
2
PUBLIC PROVIDENT FUND (PPF)
PPF are often a prudent retirement choice for
you. A government-backed theme, PPF is associate
degree EEE instrument. It suggests that the
number invested with, interest attained, and
also the maturity quantity is exempt from
taxation. You can open a PPF account in any bank
or post-office and deposit cash as per your
income. PPF investments qualify for write-down
beneath section 80C of the revenue enhancement
Act, 1961. The lock-in amount is fifteen years
and also the rate of interest is determined by
the govt. quarterly.
3
NATIONAL PENSION SCHEME (NPS)
Another retirement vehicle that you just will
decide on is NPS, that is below the horizon of
the Central Government and Pension Fund
restrictive and Development Authority (PFRDA).
NPS permits 2 basic investment decisions
Active and Lifecycle funds. In the former,
you'll be able to choose your quality combine,
whereas within the latter the quality combine
changes as you get older. As retirement could be
a semipermanent goal, NPS permits complete
withdrawal after you attend sixty. Whereas hour
of the corpus will be withdrawn as a payment, you
wish to shop for annuities with the remaining
four-hundredth, that provides an everyday stream
of financial gain in your post-retirement years.
4
EQUITY MUTUAL FUNDS
Regular and systematic investments in equity
mutual funds will assist you build wealth for
retirement. supported your risk appetency, you'll
opt for a fund and invest in it through a
scientific investment arrange (SIP). You can
elect aggressive hybrid funds that invest in an
exceedingly mixture of equities and debt, with a
bigger tilt towards equities. With equity
exposure, you'll build a sizeable retirement
corpus by the time you retire.
5
PENSION PLAN
  • This is another retirement designing possibility
    at your disposal. Initially, you would like to
    speculate an everyday quantity towards a
    concept, and after you retire, you get a set
    quantity as pension. Also, investment in pension
    plans qualifies for tax write-off below section
    80C of the revenue enhancement Act, 1961.
  • Moreover, some pension plans enable withdrawal
    throughout the buildup stage, i.e., the stage
    after you build investments towards the set up.

6
SENIOR CITIZEN SAVINGS SCHEME (SCSS)
If you're a business owner higher than sixty,
you'll be able to decide on SCSS. A
Government-backed initiative, you'll be able to
invest a most of Rs. fifteen lakhs within the
theme and obtain a quarterly pay-out. If you've
got a bank account or a post workplace bank
account, you'll be able to decide on this
theme. The Government fixes the speed of
interest on a quarterly basis and investment in
it qualifies for deduction beneath section 80C
of the tax Act, 1961. However, note that the
interest received is taxable beneath section
80TTB.
7
Contact
800 South Street Suite 160 Waltham, MA
02453 Phone 1.781.398.0077 Website h
ttps//pensionwealth.com/ Facebook h
ttps//www.facebook.com/pension wealth/ Twitter
h ttps//twitter.com/Pension_Wealth Instagram h
ttps//www.instagram.com/pensionwealth/ Email i
nfo_at_pensionwealth.com
8
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