If you are also an employee, then there can be a bumper increase in your salary. There is going to be a big increase in your income in the year 2023. Let us tell you that these days there is talk of implementing the old pension scheme across the country. Let us tell you that under which plan the government is going to increase the salary and pension.

Let us tell you that in the midst of the demand for the restoration of the old pension, the government is planning to increase the minimum salary limit of the employees. In the year 2023, a big lottery for the employees is going to be held. It is believed that the government will directly increase the minimum salary from Rs 15,000 to Rs 21,000.

PF contribution will increase

Let us tell you that after increasing the minimum salary limit of the employees, there will be a bumper increase in the pension. Before this, last time in the year 2014, the government had increased this limit. At present, in the new year, the government is planning to increase the salary once again. With the increase in salary, the contribution to PF will also increase and at the same time the pension will also increase.

How much will the contribution of PF increase

Talking about the contribution of Provident Fund, the minimum salary is calculated at Rs 15,000, due to which only a maximum of Rs 1250 can be contributed to the EPS account. If the government increases the salary limit, then the contribution will also increase. After the increase in salary, the monthly contribution will be Rs 1749 (8.33% of Rs 21,000).

The post Pension and Salary Rules: Pension and salary will increase on this day, the government has decided! first appeared on Rightsofemployees.com.

Remove the worry of financial planning and retirement. This is such a formula, which will create a fat fund not only on retirement. Rather, the tension of pension will also go away. There will be regular income and there will be no shortage of money at all. You can also use a trick for double benefit in the National Pension Scheme. Open it in the name of your wife, not yours. To understand what will be the benefit of this, it is necessary to read the whole news.

Decide yourself how much pension is needed in NPS

On opening an NPS account in the name of his wife, he will get a lump sum amount at the age of 60. Pension will also be given every month. This will bring a good amount as a regular income. The biggest advantage of NPS Account is that you can decide yourself how much pension you want every month.

NPS account will run in the name of wife till the age of 65

Another major advantage of opening an account in the name of the wife is that she gets the option of investing in this scheme for 65 years. Usually it matures at the age of 60. You can deposit money in it every month or annually. Investment in NPS starts from Rs 1,000.

NPS: How will a fund of more than ₹ 1 crore 11 lakh be prepared?

Suppose your wife’s age is 30 and you started NPS account with an investment of Rs 5000 every month. If the average return is 10% on this, then at the age of 60 the total amount will be Rs 1 crore 11 lakh 98 thousand 471. Out of this, the wife will get around 45 lakh rupees in one go. Now the turn of pension, here he will get pension as regular income of Rs 45,000 every month. They will continue to get this pension for life.

How to understand this calculation of NPS?

• Age – 30 years 
• Investment – 30 years
• Monthly contribution – Rs 5,000
• Estimated Return – 10%
• Total Fund – Rs 1,11,98,471 (on maturity)
• 44,79,388 Amount to buy an annuity plan of Rs.
• Rs 67,19,083 (Annuity rate 8%)
• Monthly pension – Rs 44,793.

Fund managers manage NPS 

NPS i.e. National Pension Scheme is the social security scheme of the Central Government. The special thing is that you have to invest money in the scheme, but professional fund managers will manage it. The central government gives responsibility to professional fund managers. That’s why complete security is guaranteed on the NPS account. Returns are not guaranteed simply because it is a market linked scheme. But, in the last few years, NPS has given an estimated return of 10-12 per cent. So the worry of retirement has gone away.

The post New Super Pension Plan: Invest ₹ 5000 and get ₹ 1 crore 11 lakh 98 thousand 471, also get a pension of ₹ 44,793 every month first appeared on Rightsofemployees.com.