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The LIC Lifetime Pension Plan offers significant tax benefits under Section 80CCC of the Income Tax Act. The premium payments you make toward this policy are eligible for deductions from your taxable income, helping you save on taxes while securing your retirement income. This makes the plan an attractive choice for those looking to minimize … Read more
In a major win for retirees, Labour has officially confirmed it will retain the State Pension triple lock, ensuring pensions continue to rise each year. Millions of UK pensioners are set to benefit from a major income boost after Labour confirmed it will maintain the State Pension triple lock. With payments potentially rising by up … Read more
The UK’s State Pension system is designed to provide financial security for retirees, and the triple lock mechanism is a critical policy ensuring that pensioners continue to receive fair and consistent increases. This year, pensioners will see a 4.1% rise, delivering an extra £470 annually for those receiving the full new State Pension, while basic … Read more
In April 2025, thousands of seniors in Canada will see a Guaranteed Income Supplement (GIS) payment boost as part of the Old Age Security (OAS) benefits. These payments are essential for providing extra financial support to those with a low income, ensuring that seniors can live comfortably in their later years. If you’re a senior … Read more
If you’ve heard people talking about a $2500 CPP deposit coming on April 28, 2025, you’re not alone. Many seniors and soon-to-be retirees across Canada are curious about it. Some are even expecting this amount in their bank account. The truth is not everyone will get this amount. The $2,500 deposit is not a standard … Read more