Questions tagged [pension-plan]
The pension-plan tag has no usage guidance.
32
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Making sense out of CPP estimates
I received a reminder from Service Canada regarding my CPP plans. I need help making sense as to what they wrote. I'm trying to pick the best strategy to maximize total income. These are the details:
...
- 163
2
votes
0
answers
48
views
Retirement savings for EU national working in France
As a 26-year-old EU national (German) working in France I'm faced with the question to save some money (100-150€ per month) for retirement as a second pillar. My bank HSBC offers a "Life ...
- 21
4
votes
1
answer
144
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Best practice on managing multiple pensions
Is it financially better to keep pensions from various employers separate or to merge them with the latest one? If you do merge them, are penalty fees accrued from the previous pension provider? This ...
- 193
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4
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95
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How does tax-deferred pension savings carry any long-term benefit over taxable accounts?
In terms of the total post-tax savings value, I don't see how taxable (e.g. Roth) vs. tax-deferred (e.g. 401(k)) makes a difference.
Let me be specific. Suppose tax rate is s, and you dedicate X of ...
- 145
2
votes
1
answer
35
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Do I need to account for this year's RPP contributions when contributing to RRSP
I'm starting contributions to both a defined contribution RPP with employer matching and an RRSP account.
I know my RRSP contribution room from last year's notice of assessment.
What I can't find an ...
- 123
1
vote
1
answer
159
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NPS contribution charges and eNPS
What are the benefits of eNPS?
How can we avoid (a) POP trail commission & (b) Payment Gateway Charge while making a contribution in NPS Tier-1 account?
3.What is the recommended/generalized % ...
- 23
1
vote
1
answer
46
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NPS Tier-1 Account
If the present fund value is less than the total invested amount in NPS-Tier 1 account and we change the scheme preference(I mean change the % allocation in Scheme E,G,C) then do we have to book ...
- 23
2
votes
1
answer
62
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Defined-benefit / final salary pension schemes in the UK
I have been reading how defined-benefit pension schemes work. My understanding is basically that you agree with your employer a life pension you will receive when you retire, which is calculated as ...
- 1,281
5
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2
answers
347
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State pension from UK when a moving back to Spain after working only 10y in UK
I am a Spanish citizen who has been living in UK for the past 7 years. During this period I have always worked here and I haven't received any income from Spain.
I have also regularly contributed to ...
- 353
1
vote
3
answers
76
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How does NPS Tier - 1 80CCD work?
Conditions:
NPS Tier-1 contribution from salary per year > 60000
NPS Tier-1 contribution from company per year > 60000
Question 1:
How much amount is counted for 80CCD? Is it just salary or also the ...
- 161
1
vote
1
answer
89
views
What's the best way of dealing with pensions in the UK
I'm currently living in Cambridge, UK. My company contributes 5-15% of the salary to the pension. I'm planning to permanently move abroad in 3 years. I can opt out of the pension, or stay in the ...
- 163
2
votes
1
answer
1k
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Withdraw money from Canada Pension Plan (CPP) or Govt Pension by an Indian Citizen
I am an Indian and working at Toronto for last ~4 years with long term Work Permit. ( I am NOT a PR holder).
My company is deducting ~300 CAD per month from my salary under 'GOVT PEN'.
I came to know ...
user81314
1
vote
2
answers
143
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How does my Defined Contribution pension plan work?
I am a new employee and I was wondering if someone can help me understand what this defined contribution retirement plan means for me.
My org says after 1 year of service with 1000 hours and being 21 ...
- 521
0
votes
0
answers
238
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Pensions- what to do now that I am self-employed? UK
I am in my late twenties, live in the UK, and have recently started doing contract work in my own right for the first time. Since this means that I am now self-employed, I am obviously not paying into ...
- 839
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0
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Help me apply Windfall Elimination Provision to my situation
I struggling to understand exactly how the Social Security's Windfall Elimination Provision applies to me in my situation (and thus what it specifically means for how long I should keep my part-time ...
- 51