Voluntary Provident Fund Contributions

You can contribute up to 100 per cent of your basic salary and dearness allowance beyond EPF limit to Voluntary Provident Fund.

PPF/NPS

In case you are not salaried, you may consider creating a retirement corpus for yourself through a Public Provident Fund (PPF) or a National Pension System (NPS) account.

Premature Withdrawal

Try to minimise or completely avoid withdrawing from your EPF/VPF/PPF or NPS account or you might face a financial crisis in your retirement.

Health Plan

Review and constantly look for a better insurance plan to get the most out of your money and to secure yourself and your family.

Emergency Fund

Factor in any disease that you have or might arise based on your health and that of your family, and make an emergency fund to be fully prepared.

Calculating Retirement Corpus

Calculate your retirement corpus depending on the number of years you have left for retirement along with your existing and future liabilities.

Inflation

Factor in inflation, as higher prices will make your corpus drain faster and you may have to either take up employment, or resort to borrowing, or liquidating your assets to tide over your financial crunch.

Compiled By Himani Verma

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