Retirement Planning

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Retirement Planning

Retirement Retiring Wealthy is the most desired aspects of Retirement Planning. Thanks to the advances in modern science, the average life expectancy is continuously increasing. Changing trends show that the non-working life of an individual can be longer than his working life. While the social security systems in developed countries have evolved, the one in our country is virtually non-existent. Joint families, which inherently provided such security, are increasingly being replaced by 'nuclear families'. With increasingly stressful life every one wants to retire early but this requires right planning. For a 25 year old who needs Rs.30,000 per month today to run his household would require Rs. 1.28 lacs per month after 25 years if inflation is assumed at 6% [ ACTUALLY MUCH HIGHER ].  This comes to Rs.15.45 lacs per annum. Now if one assumes to earn 10% [ BANK F.D. GIVES LESS THAN 8 % ] return post retirement, he needs Rs.1.55 crores just to meet his monthly household expenses. Monthly Expense Rate of Inflat ion No of yrs for retirement Future Value Rs. 30000/- 6% 25 Rs. 1.28 lacs You need to plan for retirement because: Traditional avenue of savings are not sufficient to meet retirementexpenses. Rising cost of living. With higher life expectancy you need to provide for around 30 years of your retired life. Not all of us are covered under pension schemes. No social security system in India like in the USA.

CONTACT wealth4u for assistance in Retirement Planning.

Shreeram TransportFinCo.NCD IPO

Dear Investor,

 

We are delighted in introducing you a very safe,  and at the same time very attractive investment opportunity.

 

An IPO of Non Convertible Debentures ( NCDs ) from Shriram Transport Company Limited - India's largest asset financing Institution.

 

A consistent profit making & dividend paying company. For  2009/10 -  Net Profit  Rs.873 Crs. & Dividend  60%. 

• IPO for Rs. 250 Crs. with a green shoe option of another Rs.250 Crs. (Total issue size Rs.500 Crs.)
• Secured & Unsecured options
• NCDs will be credited in your existing Demat Account itself.
• Very attractive interest rates of upto 11%
• 0.25% additional interest for Senior Citizens for Secured NCDs.
• NO TDS, whatever may the investment amount
• "CARE AA+" rating by CARE & "AA/Stable" rating by CRISIL.
• Listing at NSE, ensuring a permanent liquidity. 

IPO closes on 31/05/2010. Please note, allotment is only on "First Come First Serve" basis.

 

 

As Demat account is compulsory, you can contact our branches immediately for opening your Demat account also.

 

Act immediately..... Do not wait for the last few days of IPO.........

 

READY RECKONER-- NEW INCOME TAX SLABS & SECTIONS FOR FY 2010-11

READY RECKONER-- NEW INCOME TAX SLABS & SECTIONS FOR FY 2010-11

Dear Investor,

ATTEND THE TRAINING WORKSHOP ON "INCOME TAX PLANNING"

Please find herewith the New Income Tax Slabs for FY 2010-11

For Individuals, Hindu Undivided Families, Association of Persons and Body of Individuals

Income upto Rs.1.6 lakh	Nil
Income above Rs.1.6 lakh and upto Rs.5 lakh	10 per cent
Income above Rs.5 lakh and upto Rs.8 lakh	20 per cent
Income above Rs.8 lakh	30 per cent

(a) In the case of a resident woman below the age of sixty-five years, the basic exemption limit is Rs. 190,000/-

(b) In the case of a resident individual of the age of sixty-five years or above, the basic exemption limit is Rs. 240,000/-

(c) Surcharge is not applicable

(d) Education cess is applicable @ 3 percent on income-tax

(e) Marginal relief may be available.

Particulars	Taxable/Non- Taxable	Exemption/Rebate	Limit
Taxable Items:	-	-	-
Basic Pay	Fully Taxable	-	-
Dearness Pay	Fully Taxable	-	-
Grade Pay	Fully Taxable	-	-
Dearness Allowance	Fully Taxable	-	-
House Rent Allowance	Fully Taxable	-	-
City Compensate Allowance	Fully Taxable	-	-
Medical Allowance	Fully Taxable	-	-
Family Planning Allowance	Fully Taxable	-	-
Arrear Amount	Fully Taxable	-	-
Maturity Amount of NSC	Fully Taxable	-	-
Total amount withdrawn from NSS	Fully Taxable	-	-
Transport Allowance	Partially Taxable	Rebate	Maximum upto Rs.800 PM
Children Education Allowance	Partially Taxable	Rebate	Maximum upto Rs.100 PM
Deductions:
Less-Allowance U/S 10(13A) Actual Rent Paid	-	Exempt	Actual amount of HRA received or Expenditure on rent in excess of 1/10th of the salary or 50% of Salary, which ever is less Rent Paid
Interest on HBA U/S 24	-	Deduction	Maximum Rs.1,50,000
Reimbursement of Medical Exp. U/S 17(2)V	-	Deduction	Maximum Rs.15,000
U/S 80C	-	Deduction	Maximum Rs.1,00,000
Refund of loan taken for the construction of House	-	Deduction	Maximum Rs.1,00,000
C.P.F / G.P.F	-	Deduction	Maximum Rs.1,00,000
G.I.S	-	Deduction	Actual
LIC Premium	-	Deduction	Maximum Rs.1,00,000
Subscription of N.S.C. / P.P.F	-	Deduction	Maximum Rs.1,00,000
Interest Occurred on investment in N.S.C.	-	Deduction	Maximum Rs.15,000
C.T.D. / L.I.P. / ULIP (Mutual Fund)	-	Deduction	Maximum Rs.1,00,000
Unit Linked Plan	-	Deduction	Maximum Rs.1,00,000
Tuition Fee (Limited to 2 children) & (After XII th full time course)	-	Deduction	Maximum Rs.1,00,000
5 Years Fixed deposit & 5 years time deposit scheme	-	Deduction	Maximum Rs.1,00,000
U/S 80D CCC	-	Deduction	Maximum Rs.10,000
U/S 80CCD	-	Deduction	Maximum 10% of BP & DA (Recruited on or after 1.1.2004)
Medi Claim Premium U/S 80D	-	Deduction	Maximum Rs.15,000 (Other than above Rs.1,00,000)
Premium paid for Self, Spouse & Children	-	Deduction	Maximum Rs.15,000 (other than above Rs.1,00,000)
Premium paid for Parents (If parent is not senior citizen)	-	Deduction	Maximum Rs.20,000 (Other than above Rs.1,00,000)
Premium paid for Parents (If parent is senior citizen)	-	Deduction	Maximum Rs.20,000 (Other than above Rs.1,00,000)
U/S 80DD	-	Deduction	Handicapped dependents :spouse, son / daughter, parents and brother / sister - Deduction Rs.75,000 to Rs.1,00,000
U/S 80DDB	-	Deduction	Maximum Rs.400,00 (other than above Rs.1,00,000)
U/S 80E	-	Deduction	Entire amount (Interest on higher Education/Study loans)
U/S 80 G	-	Deduction	Deduction for contribution to charitable organization
U/S 80U	-	Deduction	Disability Deduction Rs.75,000 to Rs.1,00,000
Tax Relief - Additional savings in Infrastructure Bonds : Rs.20,000
CGHS subscription will be exempted u/s 80D

 

wealth4u SERVICES An ANNOUNCEMENT

Watch this space at http://wealthforyou-wealth4u.blogspot.com/ for announcement regarding launch of new revolutionary services by "wealth4".

These will also offer many more useful options to our clients.

Also included are hitherto unknown products confined to the world of Super Rich, now brought down to the earth.

These will cover

[1] 

Educational Courses regarding "Science, Technology, Know How & Know Why of Investment world".

[2]

No Frills version of Wealth Account - A real Janata class.

[3] 

'Pay as you use' type services.

[4]

Annual Maintenance Contracts for optimized portfolio performance.

[5]

Profit sharing schemes that ensure FAR HIGHER RETURNS to you.

ASSURED MONTHLY INCOME / MetLife STRENGTHS series::#9 :MMIP

MetLife STRENGTHS series::#9 :MMIP ASSURED MONTHLY INCOME

Met Monthly Income Plan

UIN 117N050V01 Features MetLife offers 'Met Monthly Income Plan' a participating plan which guarantees you a monthly regular income for you and your family when you are there and even if you are not there for 15 years or till end of the policy term. Moreover you choose the monthly income that you want and we guarantee you that amount. A plan which provides for your retirement needs and helps you achieve financial freedom - 'Guaranteed'.

Plan  Overview Plan at a Glance Product Benefits Reasons to Buy 1. Guaranteed monthly regular income that you choose at inception payable for 15 years i.e. 180 months. 2. In case of unfortunate death during the term of the policy, your family will immediately get an amount equal to 25% of the Base Sum Assured (45 times monthly regular income). 3. Guaranteed payment of monthly regular income even after the death of the Person Insured - If the monthly regular income has already commenced, the balance monthly income installments will be paid to the nominee as and when they are due. If the monthly regular income has not commenced, the same will be commenced starting from the first monthly anniversary following the date of death and shall be paid for the next 15 years to the nominee. 4. Payment of an additional Sum Assured in case of accidental dealth if Accidental Death Benefit Rider has been opted by you at inception. 5. Tax benefits* on both the amount invested and the benefits received under Section 80 C and Section 10 10D.

Premium Calculator Download Brochure Email Brochure Disclaimers:For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Insurance is the subject matter of the solicitation. *Tax benefits are as per the provisions of Income Tax Act, 1961, and the same are subject to amendments made there to from time to time, please consult your tax consultants for more details. LD/2009-10/EC203/426 Entry Age (Last Birthday) Min – 18 years Max – 60 years Maximum Maturity Age 85 years Minimum Monthly Income Rs. 2,000 p.m. Sum Assured (fixed) 180 times the Monthly Income Premium Payment Term 5 years/10 years Policy Term 20 years/25 years RidersAccidental Death Benefit Rider  Death Benefit In the unfortunate event of your death your nominee/beneficiary will receive:- 1. During the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income also starts from the first monthly anniversary falling after the date of death and continues to be paid to the nominee/beneficiary for the next 15 years. At the end of 15 years from the date of first monthly regular income payment, the policy ceases with payment of "Terminal Bonus", if any. 2. After the Premium Payment Term - 25% of the Base Sum Assured plus all accrued simple reversionary bonuses is payable immediately. The monthly regular income to the nominee/beneficiary continues for the remaining term till maturity. At the maturity date as chosen at inception, the policy ceases with payment of "Terminal Bonus", if any. NOTE: In case of death of the beneficiary/nominee during these guaranteed monthly regular income payments period, the same will be made to the legal heir.  Survival Benefits  You get a monthly regular income that you have chosen at the inception of the policy for 15 years after the end of the Premium Payment Term. The monthly regular income commences from the monthly anniversary date that immediately succeeds the completion of the Premium Payment Term. Maturity Benefit On attaining the maturity age you will receive the accrued Simple Reversionary Bonuses along with the Terminal Bonus, if any. A word about Bonuses Simple Reversionary Bonus The policy will participate for Simple Reversionary Bonuses on completion of three years and the declared bonus will be credited on each policy anniversary occurring immediately after the date of declaration of bonus provided all the due premiums have been paid. Simple Reversionary Bonus is declared by the Company starting from year 3 onwards based on the Company's experience and this is not guaranteed. Simple Reversionary Bonus is payable on death of the life insured or on maturity whichever is earlier. The Simple Reversionary Bonus will not accrue once the death claim is settled and for the lapsed policies. Terminal Bonus The Company may also declare a Terminal Bonus as a percentage of the accrued Simple Reversionary Bonus. The Terminal Bonus is payable only after payment of last monthly regular income payment and the same is not guaranteed.

 

With Warm regards,

  "wealth4u"