Outlook Money Retirement

Simpli5 partners with Outlook Money Retirement to enhance senior financial literacy. Enjoy exclusive resources, expert advice, and simplified tools to manage your retirement finances. Empowering seniors for financial independence and peace of mind.
NPS Corporate Account

Convert Your NPS Corporate Account To NPS All-Citizen Account: Here’s How To Do It

JUL 13, 2024 | INVEST | NPS

Keep your National Pension System (NPS) account active when switching jobs by converting it to an all-citizen account. Here’s how to do it.

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Barossa Valley, South Australia

Things To Do In Australia As An Elderly Traveller

JUL 12, 2024 | SPEND | TRAVEL

Whether you’re interested in scenic drives, cultural experiences, or wildlife encounters, there’s something for everyone.

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Joe Biden's lip of tongue attracts criticism

Joe Biden’s ‘Slip Of Tongue’ At NATO Summit Gives Critics Another Opening: 5 Ways To Keep You Fit In Old Age

JUL 12, 2024 | SPEND | SENIOR LIVING

Such aberrations may also point to the larger mental and physical health concerns. Here are a few tips to keep you mentally and physically fit in old age.

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Haryana Old Age Pension: Old Age Samman Allowance

Haryana Old Age Pension: Govt Releases New Beneficiary List—Here’s How To Check Your Application Status

JUL 12, 2024 | PLAN | NEWS

The Haryana government also provides financial assistance to other marginalised people, such as transgender, widows, differently-abled people, destitute women and children, etc.

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Ayushman Bharat

Budget 2024: Will Govt Extend Coverage For Senior Citizens Under Ayushman Bharat Yojana?

JUL 12, 2024 | PLAN | HEALTH INSURANCE AND WELLNESS

The BJP party had pledged in its poll manifesto to extend the Ayushman Bharat Yojana coverage to seniors aged 70 and above so that more people could participate in the scheme.

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Welfare Pension In Kerala

Welfare Pension Arrears Of 62 Lakh Beneficiaries In Kerala To Be Disbursed In A Time-Bound Manner

JUL 11, 2024 | PLAN | NEWS

The 62 lakh beneficiaries of the welfare pension scheme in Kerala are soon to get their pension. Kerala's chief minister announced the arrears disbursal in five installments: two in 2024-25 and three in 2025-26.

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Home Loan After Retirement

How Can You Secure A Home Loan After Retirement?

JUL 11, 2024 | PLAN | FINANCIAL PLANNING

Senior citizens can considerably improve their chances of securing a home loan by implementing a few key strategies.

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Canberra Balloon Festival, Australia

Best Experiences To Have In Canberra For Elderly Travellers

JUL 11, 2024 | SPEND | TRAVEL

Canberra, with its blend of cultural attractions, natural beauty, and peaceful surroundings, offers elderly travellers a memorable and enriching experience

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Capital Gain Account Scheme (CGAS)

What Is Capital Gain Account Scheme And When Will You Need It? All You Need To Know

JUL 11, 2024 | PLAN | TAX

The sale proceeds from a capital asset can be stored in a capital gain savings account if no reinvestment avenues are immediately available to save tax. Learn more

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NPS Investments and contributions

NPS Investments: Here’s How To Earn Rs 1 Lakh Monthly Pension

JUL 11, 2024 | INVEST | NPS

Given the superior returns NPS provides, more and more people, including corporate and government employees, have recently joined the savings scheme.

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National Pension System (NPS) Enrolments

NPS Enrolments: Strong Returns Attract More Corporate Subscribers, AUM Rises

JUL 11, 2024 | INVEST | NPS

The National Pension System (NPS) is a government-backed small savings scheme for retirement that invests in equity, debt and alternative investment instruments.

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Kerala Jeevan Rekha Website

Kerala Jeevan Rekha Pension Web Portal: All You Need To Know

JUL 10, 2024 | INVEST | LIFE INSURANCE & PENSION PLAN

The Kerala government provides monthly pensions to eligible residents in the state, such as senior citizens, widows, and differently-abled people, among others.

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Health insurance claim settlement

National Health Claim Exchange Starts Operation: How It Benefits Policyholders?

JUL 10, 2024 | PLAN | HEALTH INSURANCE AND WELLNESS

National Health Claim Exchange (NHCX) aims to make the claim settlement process faster and smoother by integrating all relevant insurance-related data under one platform.

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Malacca Town in Malaysia

Best Places In Malaysia For Elderly Travellers

JUL 10, 2024 | SPEND | TRAVEL

Malaysia offers an array of destinations that are perfect for elderly travellers

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Train Fare Concessions

Railway Budget 2024: Train Fare Concessions For Elderly And Govt’s Dilemma

JUL 10, 2024 | PLAN | NEWS

Before the 2020 pandemic, the Indian Railways offered a 50 per cent and 40 per cent discount on train fares to female senior citizens and male and transgender senior citizens, respectively.

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Capital Gains Tax: LTCG and STCG

Capital Gain Tax: Here’s How To Reduce Liability From Sale Of Property And Other Assets

JUL 10, 2024 | PLAN | TAX

Maintain records of home construction/ improvement bills as proof to claim appropriate deduction or reduce the burden of capital gain tax.

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NPS Exit: Exit on Disability, Premature and on superannuation

NPS Exit Rules Upon Subscriber’s Death Post-Superannuation, Disability Or Premature Departure: Things To Know

JUL 9, 2024 | INVEST | NPS

If no valid nomination exists at the time of the subscriber’s death, any nomination in the employer’s records for receiving other benefits will be treated as a nomination for NPS.

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Azerbaijan

5 Reasons Why Azerbaijan Is Perfect For Elderly Travellers

JUL 9, 2024 | SPEND | TRAVEL

With its diverse landscapes, rich history, and cultural experiences, Azerbaijan caters to a variety of interests

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Income-tax deductions

ITR Filing: What Is Section 80TTB, And How Does It Benefit Senior Citizens?

JUL 9, 2024 | PLAN | TAX

Section 80TTB benefit can be availed of only if the senior citizen chooses the old tax regime and meets the eligibility criteria, such as age and residency status.

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5 Reasons you can attract IT Department scrutiny

Income Tax Notice: 5 High-Value Transactions That Could Attract Scrutiny, And Here’s What You Can Do

JUL 9, 2024 | PLAN | TAX

The income tax (I-T) department has put in place certain safeguards, including monitoring of high-value transactions, to combat the menace of tax evasion and money laundering.

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Senior security: Personal Laws and CrPC

How Do The Personal Law And CrPC Apply To Senior Citizens’ Protection Matters?

JUL 9, 2024 | SPEND | SENIOR LIVING

Are you a senior citizen left alone by your family members or are you not cared for properly? There are legal options available for senior people whose children don’t take care of them.

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Ayushman Bharat: PM-JAY

Govt Mulls Doubling Number Of Ayushman Bharat Beneficiaries, Insurance Amount

JUL 8, 2024 | PLAN | NEWS

In the interim Budget 2024, the government increased the allocation for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore.

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Rome: European Destinations

5 European Destinations Elderly Travellers Must Visit

JUL 8, 2024 | SPEND | TRAVEL

These European destinations offer the perfect blend of cultural immersion, historical exploration, and modern comfort, ensuring a memorable and delightful journey

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Tax on Retirement Benefits

ITR Filing: How Are Retirement Benefits Taxed? 4 Rules That You Should Know

JUL 8, 2024 | PLAN | TAX

Non-government employees will have to pay tax on 50 per cent of the lump sum amount drawn at retirement minus the gratuity; the remaining portion is tax-free.

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NPS Withdrawal Forms

NPS Withdrawal Forms: Know Which Form You Will Need To File Based On Your Requirements

JUL 8, 2024 | INVEST | NPS

Given the various reasons for NPS withdrawals, the government has provided specific forms for withdrawing funds from the pension account.

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OROP pension

Govt To ‘Re-Fix’ OROP Pension: What Is The Scheme, How Does It Benefit Armed Force Retirees?

JUL 8, 2024 | INVEST | LIFE INSURANCE & PENSION PLAN

Before implementing the One Rank One Pension (OROP) scheme, the pension amount was calculated based on the personnel’s last drawn pay (pay band) at retirement.

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Fixed deposit interest rates for senior citizens

FD Rates For BOI, ICICI, Axis, And 5 More Banks Have Changed; Know The Interest Rate For Senior Citizens

JUL 6, 2024 | INVEST | FD & SMALL SAVINGS

Eight banks, including Punjab and Sind Bank, Bank of India, Union Bank of India, ICICI Bank, and Axis Bank, have revised their fixed deposit rates during the week ending July 6, 2024.

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Main street in Las Vegas Boulevard, USA

Experience To have In Las Vegas For Elderly Travellers

JUL 6, 2024 | SPEND | TRAVEL

Las Vegas is often associated with vibrant nightlife and high-energy entertainment; the city also offers a myriad of experiences that cater to elderly travellers

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APY Enrolments

Atal Pension Yojana Enrolments Cross 6.65 Crore In June; East Zone Sees Growth, Says PFRDA

JUL 6, 2024 | INVEST | LIFE INSURANCE & PENSION PLAN

Bihar exceeded the FY2023-24 APY enrolment target by 177 per cent, Assam by 159 per cent, and Jharkhand by 158 per cent, according to PFRDA.

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Senior Living Homes

Assisted Senior Living Picks Up Pace In India, But Will It Be Widely Accepted?

JUL 6, 2024 | SPEND | SENIOR LIVING

The senior living housing market in India mainly caters to the upper-mid and high-end price segments; however, developers are looking for ways to make assisted living affordable to all.

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