Page 8 - Provident Fund

Conduct special audit of PF trusts: Panel to labour ministry

The private trusts, regulated by the EPFO, maintain PF accounts and retirement savings

Now, you can draw easily from GPF for education, housing. But should you?

Touch your pension fund only in case of dire need, not to fund consumption expenditure

Funds transferred from PF to NPS not taxable: PFRDA

Employee planning to transfer PF funds will have to approach Provident Fund through current employer

PF deposits to fetch lower returns as EPFO cuts rates to 8.65% for 2016-17

It is 0.15% less than the last financial year

Bring Pensions under one authority to boost coverage: Regulator

FRDA Chairman reiterated that bringing about tax parity between the NPS and the EPF scheme would provide a boost to the subscriber base.

More than 10,000 companies have defaulted on PF payments nationwide

PFs are meant to provide financial security to salaried employees, who must contribute 12 per cent of their monthly salary with employer contributing 13.6 per cent

Labour Ministry in favour of raising EPFO's investment in ETFs

The issue of increasing investments in ETFs is expected to be taken up on Friday

Withdraw provident fund only for medical emergency

While govt has decided to maintain status quo, don't use the money for house, marriage or education

Govt tightened PF withdrawal norms unilaterally: Unions

It had led to unrest and violent protest in Bengaluru.

EPFO tightens norms for withdrawal of Provident Fund

Users will be unable to withdraw the corpus after turning 54; they will have to wait till the age of 57