Month: June 2021

British Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street, central London, Britain on March 3, 2021. Tolga Akmen / Pool via REUTERS June 30 (Reuters) – UK Finance Minister Rishi Sunak is expected to announce plans for £ 15bn ($ 21bn) of green savings bonds, allowing people to […]

The Seniors Savings Plan can be opened before the age of 60; here is how | Photo credit: PTI Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed to provide a stable, low-risk income stream for seniors along with tax benefits. Retirees can invest up to Rs 15 lakh as a lump sum […]

I took my early retirement on 12.31.2020 at the age of 56. I then received part of my pension contribution. My company has a private provident fund trust. I received Rs. 25 lakhs on June 5, 2021 being my contingency fund (PF) owed by the company. Can I deposit Rs. 15 lakhs on this PF […]

NEW DELHI: A Savings Plan for Seniors (SCSS) is a government-supported retirement scheme. A senior can invest in the scheme on a lump sum basis, individually or jointly, and access regular income as well as tax benefits. Here are the following three criteria that can help an Indian resident to invest in the program. 1. […]