On Tue, Jun 18, 2013 at 10:33 AM, Chetan Nagendra che...@nagster.org wrote:
I wonder if the PFRDA cannot even secure their website, how will they manage
billions in public funds?
Your optimism is remarkable. Pension deductions are a form of taxation
any way you look at it, either directly on
to take a lump
sum and do whatever I want with it.
--Original Message--
From: Srini RamaKrishnan
Sender: silklist
To: silklist@lists.hserus.net
ReplyTo: silklist@lists.hserus.net
Subject: Re: [silk] PFRDA and Security
Sent: Jun 18, 2013 2:16 PM
On Tue, Jun 18, 2013 at 10:33 AM, Chetan
Don't confuse the garbage pension + annuity plans offered by various insurers
with the NPS, which is what is provided by organizations regulated by the PFRDA.
And do note the tax implications of redemption
--srs (iPad)
On 18-Jun-2013, at 14:45, thew...@gmail.com wrote:
I'd have signed up for
On Tue, Jun 18, 2013 at 2:45 PM, thew...@gmail.com wrote:
I'd have signed up for a pension plan, but the ones that are on the market
lock in a major part of the capital and compulsorily give me an annuity (at
negligible returns/ rates of interest). While some will argue that this is
the
:
Tue, 18 Jun 2013 15:18:50
To: silklist@lists.hserus.net
Reply-To: silklist@lists.hserus.net
Subject: Re: [silk] PFRDA and Security
On Tue, Jun 18, 2013 at 2:45 PM, thew...@gmail.com wrote:
I'd have signed up for a pension plan, but the ones that are on the market
lock in a major part
On 18-Jun-2013, at 15:42, thew...@gmail.com wrote:
I suspect they'll impose stringent rules on withdrawal. This is not a
loophole that will stay open for long.
Even in the EPF and in older established pension annuities, there's already
stringent rules for withdrawal, and rules for how such
To: silklist@lists.hserus.netsilklist@lists.hserus.net
Reply-To: silklist@lists.hserus.net
Cc: silklist@lists.hserus.netsilklist@lists.hserus.net
Subject: Re: [silk] PFRDA and Security
On 18-Jun-2013, at 15:42, thew...@gmail.com wrote:
I suspect they'll impose stringent rules on withdrawal
On 18-Jun-2013, at 15:55, thew...@gmail.com wrote:
But, PF withdrawals are tax free after some reasonable conditions are
fulfilled- 5 years service, etc.
The only annuity there is the EPS- given that you contribute barely 541/- a
month, it would still grow to 12 lakhs after 35 years-
thew...@gmail.com [18/06/13 10:25 +]:
But, PF withdrawals are tax free after some reasonable conditions are
fulfilled- 5 years service, etc.
Note - moneylife - while pointing out what I did - has a contrarian view on
NPS -
Message-
From: Suresh Ramasubramanian sur...@hserus.net
Sender: silklist silklist-bounces+thewall=gmail@lists.hserus.netDate:
Tue, 18 Jun 2013 03:45:47
To: silklist@lists.hserus.net
Reply-To: silklist@lists.hserus.net
Subject: Re: [silk] PFRDA and Security
thew...@gmail.com [18/06/13 10:25
On 18-Jun-2013, at 16:20, thew...@gmail.com wrote:
I'd stick with my PF (I hope they never annuitize *that*!), and handle my
market-linked investments on my own. PF + NPS is too skewed, somehow.
NPS might make sense if you don't have a PF account (though I still wouldn't
have taken it).
The initial focus of the thread that PFRDA's website is porous, has now
converted into a PF vs. NPS debate.
On 18-Jun-2013, at 4:26 PM, Suresh Ramasubramanian sur...@hserus.net wrote:
On 18-Jun-2013, at 16:20, thew...@gmail.com wrote:
I'd stick with my PF (I hope they never annuitize
On Tue, Jun 18, 2013 at 5:19 PM, Chetan Nagendra che...@nagster.org wrote:
The initial focus of the thread that PFRDA's website is porous, has now
converted into a PF vs. NPS debate.
This is silklist. The absence of thread drift would be astonishing.
Udhay
--
((Udhay Shankar N)) ((udhay @
The only annuity there is the EPS- given that you contribute barely 541/- a
month, it would still grow to 12 lakhs after 35 years- against which you get
a maximum of 3250/- per month as pension. That's a 3% rate of return on
capital. Why would the NPS be any different?
The NPS managers
-To: silklist@lists.hserus.net
Subject: Re: [silk] PFRDA and Security
The only annuity there is the EPS- given that you contribute barely 541/- a
month, it would still grow to 12 lakhs after 35 years- against which you get
a maximum of 3250/- per month as pension. That's a 3% rate of return
On Tue, Jun 18, 2013 at 5:42 PM, thew...@gmail.com wrote:
I meant the annuity returns on your corpus.
Ah, I agree. The Annuity return is crap, and NPS doesn't provide an
annuity (you're supposed to buy it from an insurance company).
I wish there was a like button on Silk.
On 18-Jun-2013, at 5:29 PM, Udhay Shankar N ud...@pobox.com wrote:
On Tue, Jun 18, 2013 at 5:19 PM, Chetan Nagendra che...@nagster.org wrote:
The initial focus of the thread that PFRDA's website is porous, has now
converted into a PF vs. NPS debate.
Hi all,
If any of you are citizens of India and subscribers to the Government sponsored
NPS scheme (deferred contribution scheme), or hold a Permanent Retirement
Account Number, all of your details (PRAN number, Subscriber Name, Date of
Registration and Contribution amounts) can be accessed
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