Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Confused about EPF Pension? Should I Choose Retirement or Superannuation at 58?

Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Jul 26, 2024

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by Suresh on Jul 26, 2024Hindi

Listen

Money

Sir, I have completed 58 years and what reason should I select for exit date in EPF Retirement or Superannuation for pension? kindly advise soon.

Ans: Hi,
This would depend on how soon you want to start receiving the pension. Assuming that you need the pension starting from age 60, you can apply for refund of EPF amount after age 55 since EPFO considers 55 as the retirement age. For superannuation, it is better to wait till the age of 60 because this comes with tax exemptions.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Sunil Lala |222 Answers |Ask -Follow

Financial Planner - Answered on Feb 16, 2023

Asked by Anonymous - Feb 14, 2023Hindi

Listen

Money

hi, I am G C , I am working in a PSU BHEL since Mar 2010.Birth Month is May 1987.Having a daughter of 8 yrs old. Not much ancestral property. Current Basic+DA is 65000.Company contribution in PF is 8L approx. Only NPS of 50000 annual is investing since 7 yrs for pension.As still 24 years is there for retirement, considering future instability with Govt scheme & health, should I go for higher pension EPS-95 or stick with EPF only

Sanjeev Govila | Answer |Ask -Follow

Financial Planner - Answered on Dec 25, 2023

Asked by Anonymous - Nov 14, 2023Hindi

Listen

Money

Dear sir, I am going to be 55 in next march. I am a Pvt. Sector Employee, I have 45 lacs as pf as on date and would get 9 lacs as gratuity. 15 lacs in SIPs. Want to quit due to work stress. I am the only earning member. How to plan my monthly income and am I eligible for epf pension. Working since last 27 yrs. Have 4 lacs in NPS.

Ans: As you are planning to quit your job here is what can be considered before doing the same:-

Estimate your monthly expenses: Create a detailed budget factoring in all your essential and non-essential expenses. This will give you a clear picture of your monthly needs.

Prioritize debt repayment: Ensure you clear any high-interest debts to avoid financial stress.

Lifestyle adjustments: Consider if adjustments like downsizing your living arrangements or reducing discretionary spending can help bridge any income gaps.

Plan for unforeseen events: Build an contingency fund to cover unexpected expenses.

You are eligible for an EPF pension if you complete a minimum service period of 10 years and are at least 58 years old. However, since you mentioned turning 55 in March, you'll need to wait for 3 years to access the pension.

To plan your monthly income we can consider your current assets PF corpus (45 lacs), gratuity (9 lacs), SIPs (15 lacs), and NPS (4 lacs). We suggest you to invest the current available amount in mutual funds and opt for monthly SWPs or you can invest some amount in Post office schemes and take the advantage of Post office monthly scheme. Please remember SWPs are tax efficient whereas any amount received from POMIS will be taxable at your applicable slab rate.

Ramalingam Kalirajan |10111 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Question by Pooja - Dec 02, 2023Hindi

Listen

Money

Asked on - Dec 01, 2023 Hi, I am 46yrs, Have equity investment value is 20 lacs, SIP 25,000 and invest 50k annually in ppf now amounting to 3.5L. how much to I invest for my old age? I have large cap, mid, small and little in debt funds. What is the right time to exit from MF, eg I have axis small cap since 5 yrs now I have discontinued the SIP, so do I keep it or should I exit?

Ans: Considering your age and investment portfolio, it's essential to plan for your old age by gradually shifting towards more conservative investments. You may want to increase your allocation to debt funds or fixed-income instruments to reduce risk as you approach retirement.

Regarding your mutual fund investments, the decision to exit depends on various factors such as fund performance, investment goals, and market conditions. If a fund no longer aligns with your investment objectives or has consistently underperformed, it may be prudent to consider exiting. However, it's essential to assess each fund's performance and consult with a financial advisor before making any decisions.

Ramalingam Kalirajan |10111 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

Question by Hassain - May 02, 2024Hindi

Listen

Money

Hello Sir, I am 36 years with a salary of 1.4 per month, have PF balance of 16 lakhs, and Employe stocks of 20lakhs worth. Your advice for my retirement planning if I need to chose by 45 year's

Ans: It's wonderful that you're taking steps to plan for your retirement. At 36, you're in a prime position to make some smart decisions for your future. Your current salary and existing investments show that you're already on a good track, so let's build on that foundation.

Firstly, kudos on having a substantial PF balance and employee stocks. That's a solid start towards securing your retirement. Now, let's strategize further. Retirement at 45 means you have about nine years to optimize your investments.

Given your timeframe and risk appetite, we should focus on growth-oriented investments. While real estate might seem appealing, let's explore other avenues due to the associated risks and illiquidity.

Instead, consider diversifying your portfolio with a mix of equity and debt instruments. Since you're not keen on index funds, we can explore actively managed mutual funds. These funds are managed by professionals who aim to outperform the market, potentially yielding higher returns.

Now, regarding your Employee Stocks, while they can be a valuable asset, it's essential to review their performance regularly. Don't hesitate to consider diversifying them to minimize risk.

Additionally, ensure you have adequate health and life insurance coverage. Unexpected medical expenses or unfortunate events can derail even the best-laid plans.

Lastly, stay committed to your financial goals. Regularly review your investments and adjust them as needed. Remember, retirement planning is a marathon, not a sprint.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Milind Vadjikar | Answer |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 25, 2024

Asked by Anonymous - Sep 22, 2024Hindi

Listen

Money

Dear Sir, I would be completing my 58 years in this year end..I have been reading your professional advice to other people of my age group w.e.t EPFO interest credit post 58 years My current PF status.. 1) My last PF contribution was made in Jun 2020, have completed period of 36 mths post last contribution. 2) I have not withdrawn any amount till date ,have got interest credited till last year. Queries 1) Need to get assured inline with EPFO rule book that Interest on Inactive Accounts Continues to earn interest until the member attains the age of 58. 2) What happens Post 58 years will the interest be still credited if member have not withdrawn any amount from the EPF balance. 3) What is the ideal time to withdrawn same past 58 years.. Appreciate your valued advice on above... Thnx

Ans: As stated by EPFO, members transaction less account (except interest credit) will be inoperative after 36 consecutive months of no contribution.

Hence it is advisable that you withdraw your EPF corpus and invest in other avenues.

Latest Questions

Nayagam P P |9840 Answers |Ask -Follow

Career Counsellor - Answered on Aug 03, 2025

Asked by Anonymous - Aug 03, 2025Hindi

Career

Hi sir, Is ms Ramaiah better than dayanand sagar university harohalli for aerospace plz reply sir

Ans: MS Ramaiah Institute of Technology’s Aerospace Engineering program at the Faculty of Engineering and Technology is NAAC A+–accredited with a NIRF rank in the 151–200 band for universities, offering a rigorous four-year curriculum developed in collaboration with industry, supported by well-equipped labs including wind tunnels and UAV testing facilities, and staffed by doctoral faculty active in research. Its autonomous Training and Placement Department secures roles for approximately 95% of aerospace graduates with recruiters such as Boeing, L&T, and Honeywell, and provides robust soft-skill workshops, mentorship, and career guidance. Dayananda Sagar University Harohalli’s B.Tech in Aerospace features NAAC A+ accreditation, a dedicated Department of Aerospace with senior faculty from IITs and NITs, modern avionics, propulsion, and CAD/CAM labs, plus research projects in UAVs and composites. It boasts a 100% placement rate in 2024 with over 450 recruiters including Capgemini and Airbus, and emphasizes student support through counselling, study circles, and incubation opportunities. Both institutions excel, but MSRIT’s stronger national ranking, industry-integrated research initiatives, and extensive placement infrastructure provide a broader platform for academic and professional growth.

RECOMMENDATION: MS Ramaiah Institute of Technology is the better choice for aerospace engineering due to its superior national ranking, interdisciplinary research collaborations, high-end facilities, and a proven 95% placement consistency, while Dayananda Sagar Harohalli remains a strong alternative for guaranteed placements and focused lab experiences. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Nayagam P P |9840 Answers |Ask -Follow

Career Counsellor - Answered on Aug 03, 2025

Question by Hardik - Aug 03, 2025Hindi

Career

Dear Sir/Madam, I have asked below question on July 12 2025... but no response yet .. Could you pls kindly help & suggest at the earliest - Which is better option : B.E Chemical engineering in BITS Pilani (Pilani campus) plus minor in Material Science/chemistry OR B.Tech in (a) Dyestuff and Intermediates (Speciality chemicals) or (b)Pharmaceuticals Chemistry & Technology from ICT Mumbai(Matunga). I have very clear focus of doing Phd in Organic Chemistry(either in US or Europe) and enter the corporate world of Pharmaceuticals/Agrochemicals/F&F/Speciality chemicals/Performance Chemicals.. Pls suggest at the earliest. Thanks!

Ans: Hardik, BITS Pilani’s Chemical Engineering program, established in 1964, combines a rigorous core curriculum with practice-school internships and offers a minor in Materials Science or Chemistry to deepen your understanding of advanced topics like nanochemistry and solid-state chemistry. The department emphasizes interdisciplinary research, maintains modern pilot-plant and analytical laboratories, and supports direct Ph.D. pathways with institute fellowships and global collaborations in catalysis, polymer engineering, and organic reaction engineering. Placements are robust, with over 90% B.E. Chemical graduates securing roles in core and related sectors, and Practice School guarantees two internships by the seventh semester. Institute of Chemical Technology (ICT) Mumbai’s Dyestuff & Intermediates and Pharmaceutical Chemistry & Technology branches deliver highly specialized curricula in process chemistry, formulation, and quality control, with dedicated labs for colorant synthesis or drug design and strong industry partnerships with Glenmark, ISRO, and Indian Oil. ICT Mumbai holds NAAC A++ accreditation, records median B.Tech package of ?8 LPA, and places over 90% of dyestuff graduates in R&D and production roles, while its M.Tech programs in pharmaceutical chemistry maintain over 95% placements in research and regulatory sectors. Both institutions excel in faculty expertise and facility quality but BITS Pilani’s interdisciplinary research culture, minority thesis options, and integrated Ph.D. fellowship opportunities provide a stronger foundation for an organic-chemistry doctorate, whereas ICT’s niche programs offer immediate industry alignment in specialty chemicals.

RECOMMENDATION: Prioritize BITS Pilani Chemical Engineering with a minor in Materials Science or Chemistry for its unparalleled research environment, integrated Ph.D. support, broad analytical infrastructure, and high placement consistency, then choose ICT Mumbai’s Dyestuff & Intermediates for specialized process chemistry training, and consider ICT’s Pharmaceutical Chemistry & Technology for regulatory and formulation expertise aligned with doctoral and corporate aspirations. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Asked by Anonymous - Aug 03, 2025Hindi

Career

Sir my brother has got MSIT ECE and vit vellore ece-VLSI catagory 5. Sir which is good sir? He is sure that he will be doing masters abroad after completing his btech.

Ans: Hello dear
Prefer ECE-VLSI @ VIT Vellore for better prospects and opportunities abroad.

Good luck.
Follow me if you receive this reply..
Radheshyam

Nayagam P P |9840 Answers |Ask -Follow

Career Counsellor - Answered on Aug 03, 2025

Question by Khushant - Aug 03, 2025Hindi

Career

I got tier 3 college information technology branch what if i take partial drop and give jee and mht cet entrance exam, the if i get top colleges like state government or nits any branch, is it worth in future?

Ans: Khushant, provide your current year's JEE/MHT-CET scores to answer precisely such as partial drop is advisable or not, etc.

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Question by M - Aug 03, 2025Hindi

Career

Good day sir . Please answer my question sir this is my 3rd time . I got IISER TRV and I got a local college in hyderabad branch is IT . I want to what all opportunities and options I get it I join in IISER pls help me sir

Ans: Hello dear
Not only IISER Thiruvananthapuram but all IISERs provide opportunities for careers in research, academia, higher studies (PhD/MS abroad), scientific institutions, and even data science, while also building a strong foundation in science. If you have little interest in research, it is better to choose the traditional course IT @ Local College in Hyderabad. However, considering the scope at the local college (name not mentioned), it is advisable to select IISER-TRV. The final decision will be yours.

Good luck.
Follow me if you receive this reply..
Radheshyam

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Asked by Anonymous - Aug 02, 2025Hindi

Career

2025 Hi! I am from Gujarat and My jee mains 2025 CRL 32797 and EWS Category rank is 4512 so Can i get SVNIT ECE branch in CSAB round with Home State Quota?

Ans: Hello dear
Chances of ECE with CSAB and HS quota seem to be challenging. Explore other options.

Good luck.
Follow me if you receive this reply..
Radheshyam

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Question by Riya - Aug 02, 2025Hindi

Career

Is pharm d a good option is it good to do pharm d at lmcp ahmedabad??

Ans: Hello dear
Pharm D is a good career-oriented path. LMCP is a good choice. But if possible, explore a better option than this.

Good luck.
Follow me if you receive this reply..
Radheshyam

Asked on - Aug 03, 2025 | Answered on Aug 03, 2025

Better in terms of college or course sir plz explain??

Ans: Better in terms of the course, i.e., the Pharm D course is good. Recommended to reconsider or rethink other options.

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Question by Sukhjinder - Aug 02, 2025Hindi

Career

Sir CSE at MNIT Allahabad or Mathematics and computing at NIT Warangal?

Ans: Hello dear
Prefer CSE @ MNIT Allahabad if possible.

Good luck.
Follow me if you receive this reply..
Radheshyam

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Question by Rudra - Aug 03, 2025Hindi

Career

Sir i get 85.14 percentile in jee mains crl rank 219544 and obc rank 75144 home state west Bengal can i get any seat in nit and iiit

Ans: Hello dear
Chances are very slim. Please try with the CSAB spot round. Please explore other options as a backup.

Good luck.
Follow me if you receive this reply..
Radheshyam

Radheshyam Zanwar |6096 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 03, 2025

Question by Veena - Aug 03, 2025Hindi

Career

Sir, i have gotten Msc Chemistry in Bits Hyderabad and i also have a seat in VNR VJIET CSD in Hyd. What should i prefer more? Should i take a risk if getting cse/ ece after 1st year if i take Bits Hyd?

Ans: Hello dear
Choosing BITS Hyderabad with a chance to upgrade to CSE/ECE carries higher risks. If this occurs, it might be worth considering compared to VNR. Ask the administration of BITS Hyderabad about the possibility or likelihood of the upgrade. The final decision will be yours.

Good luck.
Follow me if you receive this reply..
Radheshyam

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x