Application of GST in disbursal of Annuity Funds on maturity
My wife purchased an "Empower Pension Plan" which has matured after completion of 5 years . The insurer is issuing a new annuity fund for 2/3 amount after applying GST on it; this reduces maturity fund value and consequent pension. Is the Insurer applying the rule of the land rightly or distorting it? more
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You mean there is a GST for investment? If my understanding is correct, that is sheer nonsense. I hope some GST czar is following the comments here, and has some sense to correct/rectify. more
Sep 23
Agreed with above comment on Business of Pension schemes offered by so called Fund Mangers of repute in Banking and ultimtely their Agents or Officers misguid the gullible saleried people and make their way into big gain for themselves and not to end customer. more
Sep 21
"Empower" in reality is "You are fully empowered to pay through your nose for anything and everything, but expect little in return". more
Sep 21
In our country all is business and only business. By name pension we start comparing it with pension being received by Govt pensioners. The schemes being rolled in on the name of pension outcome is doubtful. Stability of authority promising pension is in question. Advisor from these companies are active interminating these pension schemes in to further proposals of investment and gain expected by the customer is missing more
Sep 21
