The new wage rules come into effect in April 2021. In this thread, we break down
•How this could impact you
•How a financial adviser can help
The government is seeking feedback on these rules and is yet to publish the final rules.
#newwagecode
•How this could impact you
•How a financial adviser can help
The government is seeking feedback on these rules and is yet to publish the final rules.
#newwagecode
What: Basic component of #salary to be at least 50%
Impact for Individuals: Contribution to #PF increases, Take home reduces.
Impact for Corporates: Employee costs go up
Impact for Individuals: Contribution to #PF increases, Take home reduces.
Impact for Corporates: Employee costs go up
Should you be worried that your take-home is less? No, because you’re not losing money. In Richard Thaler’s book Nudge,he highlights the importance of automatic contributions to #retirement accounts. You’ll end up saving more money towards retirement without any additional effort
You need to talk to a financial planner about:
1.Preparing a budget
2.Your retirement savings
3.Asset allocation
DM or message +91-9500027285 to talk to one of our advisers today!
#financialplanning #personalfinance
1.Preparing a budget
2.Your retirement savings
3.Asset allocation
DM or message +91-9500027285 to talk to one of our advisers today!
#financialplanning #personalfinance
• • •
Missing some Tweet in this thread? You can try to
force a refresh
