PM Boris Johnson is set to change the plan about the minimum £30,000 earning the threshold for migrants who aim to enter the UK after the exit of Britain from the EU.The Reasons Behind the DecisionThe proposal appears to not fit in with his plan to…

Investment gains (in absolute terms) depend on the principal corpus invested and the returns delivered by the fund. Returns are a function of the performance of the asset class invested in.

Understanding your health coverage, getting familiar with the services covered and how much you will have to pay in case of an unfortunate eventuality is important.

Assuming that the shares are in the nature of ESOPs, they shall be taxed at two stages, once as perquisites in the hands of employees upon allotment and subsequently as capital gains upon sale of the shares.

We are all creatures of habit and it is good to see how diligently people take backups of their work, pictures and contacts on phones among other things.

Retail investors should stay away from small and mid-cap stocks until the volatility settles. Instead, they should look at value investing.

Life insurance claims to the extent of basic sum assured if policyholder dies due to infection by the corona virus is admissible.

This is a real test for us as investors. Some of us are getting jittery because we are watching our overall returns deteriorating and some of us are thinking it is an opportunity to add more to our existing portfolio.

You may park a portion of your funds in a high-rated liquid fund while you wait for the current volatility in the markets to play out

Gold ETFs investors can exit only by selling to secondary market participants on the stock exchange.

Once tax liability is calculated, you may claim a deduction of TDS/ taxes paid on such rental income, to arrive at net tax demand due.

Group health insurance plus personal health insurance: Higher the number of family members, higher the insurance cover.

The regulations under the EPF will be amended to include “pandemic” as a reason to allow non-refundable advance of 75% of the accumulated amount or three months of the wages, whichever is lower, from their accounts.

The objective of a good asset allocation plan is to develop an investment portfolio that helps you reach your financial goals with the degree of risk you find comfortable

Actual return you get is not the ARR of 8% or 4% shown in the benefit illustration but net of various charges such as fund management, premium allocation, admin and mortality

Borrowers who opt for the moratorium on repayments will have to pay an additional interest charged on simple interest basis. Thus, those who have the capacity to repay should continue to make the payments regularly

The moratorium means in case of cash crunch in these extraordinary times, you may not pay the EMIs but the bank/FI will not classify your loan as a non-performing asset (NPA).

The fundamental benefit of term insurance is the monetary benefit the dependents receive on the death of the insured.

CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on March 31.

When it comes to surviving financial crisis, focus on what you can control and you can do rather than on what you cannot control or what is not possible to do now

More units are bought when the market price of shares is low and lesser units are bought when the price is high.

To achieve the stated investment objective, the fund manager of an ELSS maintains a diversified portfolio of equity-and-equity related instruments, and practices a bottom-up approach to stock picking that is market-cap and sector agnostic.

A total of 80 lakh employees involved in four lakh establishments are likely to be benefitted, the finance ministry had earlier said.

Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.

This new standard health insurance policy available with every general and standalone health insurer takes care of basic health needs, and is a must for first-time buyers, especially in smaller towns

In a single day, there was a double-digit fall of 13.2% in Sensex—unprecedented in the past 16 years.

Regulations define specific structures / entities within mutual fund companies to safeguard investor monies from issues such as fraud, etc.

With new developments in technology, it has become easier to get a quick personal loan.

As per Section 44ADA, a resident individual, engaged in any business/ profession can declare income on presumptive basis only if gross receipts do not exceed Rs 50 lakh in previous year.

BoB’s overnight and one-month MCLR has been revised to 7.40%, while the three-month MCLR was revised to 7.55%. Six-month MCLR has been revised to 7.85%, the bank said.

With job losses & pay cuts likely in the wake of the Covid-19 pandemic, you need to take some special measures to cushion the impact and prepare for the worst

The macroeconomic backdrop has become favourable for gold; aim for 10-15% of portfolio alloc-ation to the yellow metal

The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.

Though there is an additional 15-day grace period due to the Covid-19 lockdown for renewal of insurance policies, pay the premium if you have the cash flow. And buy a health insurance plan if you don’t have one

If you have a high credit score or work for an organisation that has a tie-up with a bank for subsidised interest rates, you can get a lower interest rate.

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.

However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.

Most companies are encouraging their existing customers to use digital channels as there has been a surge of such requirements from customers along with scarcity of service personnel at insurance offices.

As of February 29, 2020; equities outperformed gold over the trailing 10-, 15- and 20-years, delivering annualised 10.39%, 13.89% and 12.0% respectively compared with 8.16%, 12.59% and 11.49% respectively delivered by gold.

Currently motor insurance has a 38-40% of market share of new premiums in non-life industry and weak auto sales number would further impact motor insurance business in the months to come.

Patience, perseverance and quality stocks are needed to win the game of equity investments.

Equity investors can tilt portfolio allocation towards large-cap and multi-cap mutual funds.

Currently, there are several health insurance products in the market and every insurer designs products basis their underwriting guidelines, claims experience, risk assessment.

Increase your allocation to gold via the gold fund route from the safety and comfort of your home.

Index funds are better for those unable to select quality stocks or bear the risk of near term under-performance from actively managed funds.

You may avoid double taxation on your income by claiming tax relief if India has signed the Double Taxation Avoidance Treaty (DTAA) with the country of your residence.

For example, PPF offers you returns of 7.1% per annum completely tax-free whereas an 8% FD may offer you only 5.6% if you’re in the 30% slab.

Investing in high-quality companies and proven MF schemes always pays in the long term and these would be the first to recover

Closing a home loan account involves outstanding loan repayment, signing some forms, request for return of original documents, collecting no-dues certificate as well as the final interest payment certificate.

Make sure that you have the contact information of your reporting manger and HR department in a diary or phone or a place where your spouse can access the same easily.