ICICI Prudential Pension Funds Management Company Limited’s Post

Do you want to financially secure the future of your child? Sonal Bhutra dives into the details of the NPS Vatsalya Yojna, a newly launched govt scheme #npsvatsalaya #npsvatsalayayojna #npsvatsalayascheme #pension #pensionfund #govtscheme #budget2024 #kyc #cnbctv18digital

✨ Social security schemes are programs designed to provide financial support to vulnerable individuals. ✨ 1. #Retirement or #Pensions: Provides income to retired individuals. 2. #Unemployment Benefits: Offers #financial #support to those who lose their jobs. 3. #Disability Benefits: Assists individuals with #disabilities. 4. #Medical Assistance: Covers medical expenses for low-income individuals or those with specific health conditions. 5. #Family and Child #Support: Provides assistance to needy families and #vulnerable children. 6. #Life #Insurance: Offers a lump-sum payment to beneficiaries in case of the policyholder's passing. ✨ These programs provide financial #support and #protection to those in need. ✨ #SocialSecurity #FinancialSupport #VulnerableIndividuals #LifeInsurance #MedicalAssistance #Retirement #Benefits #SocialSecuritySchemes #PMJanDhanYojana #PMJeevanBima

This article looks at the rise of the multi-retiree family and what it means for your finances By 2034, more than one million families will include at least two retired generations – an increase of nearly one third (32%) on today. Multi-retiree families will need their collective finances to stretch further than ever before, and for longer, impacting both inheritances and day to day expenditure. Financial advice an help the whole family look forward to a retirement on their terms, and financial security that protects the welfare and wellbeing of each generation. To read more click on the link below: #retirementplanning #financialadvice #family #investments

You can still claim Pension Credit if your partner is working if your joint income is below a certain threshold. It's worth checking whether you're eligible as a couple. If you would like to speak to me about applying for Pension Credit, sourcing good care or just for general advice about navigating adult health and social care, please call 0116 430 0230 or email: enquiries@sunrisecareadvisers.co.uk #Sunrisecareadvisers #CareAdvice #ElderlyCare #Elderly #PensionCredit

Pension Credits can provide extra income to those over State Pension age and on a low income. The credits were first introduced in 2003 to keep retired people out of poverty. Pension Credit can top up: your weekly income to £201.05 if you are single; or your joint weekly income to £306.85 if you have a partner. If your income is higher, you might still be eligible for Pension Credit if you have a disability, you care for someone, you have savings or you have housing costs. Not all benefits are counted as income. Claimants who submit a Pension Credit before 10 December 2023 could be entitled to an extra £300 cost of living boost, on top of support worth an average of £3,900 per year. This is because successful Pension Credit claims can be backdated for up to three months, as long as the applicant was also eligible to receive it during that time. HMRC estimates that there are many pensioners entitled to the credit who have not yet made a claim. Find out more: https://lnkd.in/eGUbeXWp #pension #credit #claim #income #topup #hmrc #eligibility #statepension #accountant

There has been an increase in the number of people who are choosing to gift significant sums of money to beneficiaries whilst they are still alive- otherwise known as a “living inheritance”. One in 10 respondents to the Great British Retirement Survey 2023 said they had given a living inheritance in the past three years. This increased to 15% amongst over-65s. #RetirementPlanning #LivingInheritance Read this article in full and more in our quarterly magazine ⬇️ https://lnkd.in/eqMWHGMw

The average American works 40 hours a week for an unbelievable 40 years, and then tries to retire off of 40% or less of their retirement plan. But if you have a 401(k), you will actually end up paying anywhere from 35-45% of that in taxes. That's why it's important to make sure you have other sources of income so you don't end up retiring in poverty. #retirementplanning #phpagency #insuranceagent #financialplanning #financialfreedom #lifeinsurance #annuities #POUR

The **NPS Vatsalya Scheme** is a newly launched initiative aimed at helping parents secure their children's financial future through a pension account. Under this scheme, parents can contribute to a National Pension System (NPS) account on behalf of their children (aged 0-18). Once the child turns 18, the account transitions into a regular NPS account, promoting long-term wealth growth via compounding. Contributions are flexible, and the goal is to build a retirement corpus while instilling financial discipline from an early age. #NPSVatsalya #ChildrensFuture #FinancialSecurity #PensionSavings #SecureFuture #InvestInKids #FinancialPlanning #WealthForKids #SmartParenting #CompoundGrowth

Young people need advice for cost of living: super CEO Young Aussies need more access to affordable financial advice to help navigate current cost of living and plan for their retirement, says Colonial First State Super boss Kelly Power. and Cost of living impact depends on your age and stage Young and middle-income families are bracing for increased reliance on loans to weather the cost of living crunch, while older Aussies are dipping into savings to maintain their lifestyles. (Australian 24/1/24) Hence our theme after 37 Years of financial advising that your optimal strategy is your own business , commencing as a side income, as that may provide a more secure & permanent income stream now & later & have taxx benefits in the meantime. It means #financialwellness and of course you need to be weller for longer PM today for a summary of the Cashflow Quadrant so that your later chapters are productive. 🎤 If not now then when?? #boomers #financialwellness #financialfitness

It's not all about the #triplelock. 1 in 8 #pensioners have no income other than the State Pension, and many older people approaching State Pension age are worried about their future. What do older people in financial insecurity think about the State Pension? Is it enough? What about the rising State Pension age? At Independent Age, where we are focused on the needs of the 2.1 million pensioners living in #poverty, Phil Mawhinney and I have put together this long-read blog exploring and analyzing our polling data which considers the views of current and future pensioners about the cornerstone of retirement income. https://lnkd.in/eWTT2TTF