Page 7 - Guide To Personal Finance

Making gold investment, setting up home bar: Top personal finance stories

This week we report about gold as a safe asset and the design needed to set up your own bar

Debt settlement offers immediate relief but damages your credit score

A debt settlement involves negotiating a single payment with the creditor that is lower than the amount owed

Insurance surrender value; voice as career: Top personal finance stories

This week learn about the implications for insurance policyholders as surrender values are revised; in a separate story we write about training your voice

15G/15H or Section 197 to avoid TDS? Choice depends on your income

Individuals with income below basic exemption limit should opt for the former, those exceeding this limit may go for the latter

Kisan Vikas Patra: Eligibility, benefits, other details you must know

Scheme was launched to enable farmers to save for the long term but now it is available for all

More dependants, increased liabilities should prompt hike in term cover

Boost health coverage periodically to cope with double-digit medical inflation & access premium healthcare facilities

Investors should sync tax savings with goals and cash flow needs

Even ELSS, being an equity fund, should be purchased with minimum seven-year horizon

Opted for old tax regime? Explore last-minute income tax saving options

Last-minute income tax saving options: ELSS funds, PPF, NPS, and fixed deposits are some of the popular options under section 80C. Don't forget health insurance

Manage trading capital efficiently with liquid exchange-traded fund

Switching between cash and equity and back becomes seamless

Investing in green deposits: How are they different; what do they do

Banks are allowed to offer overdraft facilities to customers against green deposits

Safe investment option: What is a fixed deposit; how does it work

An amount deposited with a bank or financial institution must not be withdrawn prematurely

Keep records, communicate: Dealing with unclaimed insurance policies

In numerous instances, members are unaware of the policy's existence, let alone its details

Arbitrage funds: Returns likely to be healthy in rising or volatile markets

Excess funds chasing arbitrage opportunities may, however, reduce potential returns

Unclaimed insurance, first market investment: Top personal finance stories

Our top stories this week explain why you should keep a record of your insurance policies and how to start with mutual fund investments

Why women's retirement, financial planning must differ from men's

Save diligently to counter the impact of career breaks, establish emergency fund to avoid touching the retirement portfolio

Conservative investors with long-term goals may opt for ESG funds

Their recent underperformance vis-a-vis multi- and flexi-cap funds was due to predominantly large-cap exposure

Managing pension corpus, life in retirement: Top personal finance stories

Our top stories this week tell you how to add years to your finances and the best senior living societies

Grievances for unextinguished tax demands can be submitted to CPC

Avoid doing so until April as CPC has been given 2-mth deadline for this task

NRIs should check their tax residency certificates for smoother compliance

Understanding tax residency rules and maintaining proper documentation is imperative to ensure smooth tax compliance

Non-linked policies' tax-exempt premium: Rs 5 lakh individual limit

By purchasing policies in the name of family members, you can maximise tax benefits