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A pention fund is money that the employer have to set aside for the future.They take some money in tax and some money in pention out of the salery of the worker.In USA this is usally private and known as "life savings".In USA people must also set aside money for the kids to go to cellege.In Norway and many other European contries,most schools are free,u just boy the books in the bookstore as well as all pens,pencils,eraser and all paper.Most schhols now have both computers and internett axess.In Skandinavia mostly broad-band.
So the taxes in Norway are divided in to 2 categories.The tax the employer pay to the government,and the money they must save for the future.The government then pays out 3/4 of the pention when a worker gets to the age of 67.All the employers of the time the worker have been worked from lets say the age of 17-67,that is 50 years,they must pay 1/4 out as pention monthly.If u get sick before the age of 67 u get a bit more then the senior citizent pention.Maybe becase they are fewer,and have more debt.A houseloan in Norway has a maximum payment of 30 years.So if the worker gets a house at the age of 37,it will be payed down by the time he gets to be 67,and a senior citizent.If u are in good heath u may work until you are 70 and get a higher pention.If u only worjk until u are 60 or 62 u get lower pention.
If u work until u are 67 and wants pention and have not made much money u still get 150 000 nok(30 000$) per year for a single pentioner.A married couple gets 280 000 nok(56 000$),if both are 67 or more.That is the minimum pention in Norway.
What else can I help you with?
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is a fund of hedge fund?
It is a fund that invests in a portfolio of hedge funds.
What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
Difference between NFO and mutual fund?
NFO is the first stage in the life of a mutual fund. A mutual fund becomes an active fund only after the New Fund Offering (NFO) is complete. An NFO is an option where people invest in the fund house for the first time. Once the fund house gets established, then there is no NFO, any investor can contact the fund house and buy the fund.
What is source of fund?
source of fund
What is the rate of providend fund and employees pention scheme and is it mandatory to deduct 12 percent PF or it may be verry?
It is 12% of basic salary and does not vary
What rhymes with pention?
words that rhyme with pention are mention, and extension,
Can you claim your ex pention if the die?
No
How do you spell pention?
There are two possible words:pension - a retiree's paypenchant - a preference, predilection, or fondness (for)
Do you have to pay for dental treatment in the UK?
i am a woman aged 60 and am getting state pention .do i have to pay for dental treatment.
How many AMC in India?
As of may 2009 there are 38 asset management companies operating in india: 1 AIG Global Investment Group Mutual Fund 2 Baroda Pioneer Mutual Fund 3 Benchmark Mutual Fund 4 Bharti AXA Mutual Fund 5 Birla Sun Life Mutual Fund 6 Canara Robeco Mutual Fund 7 DBS Chola Mutual Fund 8 Deutsche Mutual Fund 9 DSP BlackRock Mutual Fund 10 Edelweiss Mutual Fund 11 Escorts Mutual Fund 12 Fidelity Mutual Fund 13 Fortis Mutual Fund 14 Franklin Templeton Mutual Fund 15 Goldman Sachs Mutual Fund 16 HDFC Mutual Fund 17 HSBC Mutual Fund 18 ICICI Prudential Mutual Fund 19 IDFC Mutual Fund 20 ING Mutual Fund 21 JM Financial Mutual Fund 22 JPMorgan Mutual Fund 23 Kotak Mahindra Mutual Fund 24 LIC Mutual Fund 25 Mirae Asset Mutual Fund 26 Morgan Stanley Mutual Fund 27 PRINCIPAL Mutual Fund 28 Quantum Mutual Fund 29 Reliance Mutual Fund 30 Religare AEGON Mutual Fund 31 Religare Mutual Fund 32 Sahara Mutual Fund 33 SBI Mutual Fund 34 Shinsei Mutual Fund 35 Sundaram BNP Paribas Mutual Fund 36 Tata Mutual Fund 37 Taurus Mutual Fund 38 UTI Mutual Fund
Is an edge fund a hedge fund?
There is no such thing as an edge fund.
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is a fund of hedge fund?
It is a fund that invests in a portfolio of hedge funds.
What does the CGM fund invest in?
There are three types of CGM Fund; the Mutual Fund, Focus Fund and Realty Fund. The Mutual Fund invests in a managed mix of equity and debt securities, the Focus Fund invests in stocks and the Realty Fund invests at least 80% in the real estate industry.
What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
