Skip to main content

Retirement Plan for Private Sector Employees



Retirement Plan for Private Sector Employees

The retirement plan for Private Sector Employees cease to exist due in modern era. So the private sector employees seek out investment opportunities which later act as pension plan for them.
I read this book recently “Rich Dad Poor Dad by Robert Kioski” and it gave me insights on how our lives are in vicious circle of earning and spending.
The book advocates the importance of financial know-how, financial independence and increasing wealth through investing in assets, real estate, starting new businesses, as well as increasing one’s financial understanding to improve one’s business and financial aptitude.
This blog discusses the retirement plan for private employees in Pakistan. Professionals working in private does not enjoy the benefits enjoyed by Government Employees like pension, medical and other facilities.
As Insurance Adviser at State Life Insurance Corporation Pakistan I am willing to share some great plans regarding, Saving, Investment, Children Education & Marriage, Retirement and Cash Asset for family.
State Life is the financial institution and Insurance Corporation by Federal Government of Pakistan. We have more than 25 plans for you and for your dependents with highest promising returns since 1972.

Investing Wisely in Pakistan

We help professionals to make sound investment decisions that make their retirement life worth living in relaxed environment.

Save enough for a comfortable retirement

Saving for comfortable retirement is attained by By identifying the needs at the time of retirement, detailed analysis of assets and sources of income, critically reviewing the estimated shortfalls, and identifying the best ways to cost control in order to save for retirement keeping in view your your financial position and risk tolerance.

Pay for your child’s higher Education

Paying for your child’s higher education isn’t easy task you can save money by estimating the amount of money needed for higher education, a detailed analysis of your assets, reviewing inflatable expenses and considering alternatives and strategies to help address these potential shortfalls, and developing an optimal savings plan given your financial position and risk tolerance.
Or take an insurance plan covering your child’s education plan.

Protect your family in case of you become disabled

By ensuring you have enough money in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can’t manage them yourself.
If you are sole bread-winner then you should have yourself insured in every possible way be it disability, health or life as an insured bread-winner can mitigate associated risks.

Achieve your investment goals

By identifying the steps needed to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.
Invest in property, shares, insurance schemes to achieve investment goals through various sources.
We at State Life make sure that your child’s future as well as your spouse’s future are secured with State Life Insurance Corporation of Pakistan through Saving, Investment, Children Education & Marriage, Retirement and Cash Asset for family.
Call today at +92 321 8408828 to know insurance plans matching your life-goals.
As a Private Sector Employee what is your Retirement Plan? Private Sector Employees seek out safe investment opportunities which later act as pension plan for them. https://goo.gl/Uy6w4f For more info call +92 321 8408828 hashtagretirementplanning hashtagretirementsavings hashtaginvesting hashtagfinancialgoals hashtagtermlifeinsurance

Comments

Popular posts from this blog

Advance Tax on functions and gatherings

Advance Tax on functions and gatherings under section 236D of the Income Tax Ordinance, 2001. [Division XI of Part IV of First Schedule] Advance Tax on Functions and Gatherings under section 236D:   As per section 236D of the Income Tax Ordinance, 2001 owners, lease holders, managers or operators of marriage halls, marquees, hotels, restaurants, commercial lawns, clubs, community places or any other place used for such businesses are mandated to collect 5% tax on the total amount of the bill from a person arranging or holding a function in a marriage hall, marquee, hotel, restaurant, commercial lawn, club, a community place etc. Such function(s) may include a wedding related event, seminar, workshop, session, exhibition, concert, show, party or any other such gathering. The persons specified in the foregoing paragraph are also obliged to collect 5% advance tax from a person arranging or holding functions as delineated in the aforementioned paragraph in in...

Filing of Income Tax Return by Non-Residents

Filing of Income Tax Return by Non-Residents This blog goes right into Importance of Filing Income Tax Return by Non-residents and Why Expats/ Non Residents Should File their Income Tax Return in Pakistan.  This very compliance comes with a lot of benefits of being a compliant taxpayer as non-resident person where you don’t have to pay any extra tax whereas you can save money on the other hand. For your information Filing of Income Tax Return by Non-residents is not mandatory. Who is Expatriate? Expat tax in Pakistan is applicable on an individual’s residential status and it does not have anything to do with his/ her nationality. If the total duration of stay by an Expatriates (in a tax year) in Pakistan is 183 days or more (01 July to 30 th   June). Then they are considered to be residents for tax purposes as per Tax laws in Pakistan. Pakistanis (residents) are taxed on their global income regardless of where it is received or earned, while ...

Filing of Monthly Withholding Tax Statements

Filing of Monthly Withholding Tax Statements Filing of Statements of Tax Collected or Deducted by Taxpayers Every company being a withholding agent has to, as per law, deduct and deposit taxes into government treasury. Filing of Monthly Withholding Tax Statements is mandatory for registered organizations acting as withholding agents in Pakistan. Moreover, when a withholding agent deducts and deposits the withholding taxes in Pakistan, it also have to report it to the Government   ( Federal Board of Revenue )   through FBR’s   Web Portal   on perpetual frequency. Normally there are 2 types of monthly statements of tax collection or deduction that need to be filed. Statements under section 165 of the Income Tax Ordinance The tax deducted/ collected on payments made on account of goods and services. The tax deduced on sections other than section 149 of the Income Tax Ordinance, 2001. These deductions are reported via statement u/s 165 of...