It is easy to hire someone but difficult to terminate someone, more so when there are hundreds of legal compliances attached to it. Termination and Superannuation advisory refer to the process of providing assistance to individuals and organisations when it comes to termination of office or giving retirement benefits to the terminated individual.
Ahlawat & Associates is your one-stop solution for all Termination and Superannuation advisory services in India. We have a team that is specifically curated to suit your needs and wishes. With efficiency at its core, Ahlawat & Associates is your perfect companion to all your employment termination problems in India. We provide the best employment termination advice in India.
India being a social welfare state, puts the welfare of employees at the top. Hence, it is of utmost importance to a company to secure the future of their employee even after retirement. Superannuation laws are needed to ensure the establishment, regulation, and protection of retirement savings for employees.
Ahlawat & Associates provides termination and superannuation advisory services and is one of the best firms that deal with the niche aspect of employment termination in India. We build a team that provides a fast-track solution to every problem you might come across while dealing with termination and superannuation for yourself or your employees.
Our team of extremely capable in-house lawyers drafts a plan that focuses on retirement planning and how to manage your retirement savings. We provide advisory services that are on par with international firms and are applicable across borders. We help you understand the possible methods of investing your funds, the contribution limits, taxation options, and how to access these funds in case of any difficulty.
We will make sure your retirement savings are optimized, your risks are minimized and your post-retirement life is smooth sailing. We will provide beneficial assistance throughout the whole termination and retirement planning process. We help our clients make educated decisions, adhere to legal obligations, and maximise the value of their retirement funds by utilising our knowledge of pertinent laws, regulations, and best practices. The ultimate goal is to reduce risks, generate effective outcomes, and support organisations and people as they confidently navigate these complex domains.
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A&A is among the top corporate law firms in India. At A&A, we believe that we are as good as our team, Our principle has guided us to ensure that we have the best corporate lawyers in India based at our main offices while the leading corporate lawyers in other parts of the world run our various practices across the nation, thus ensuring optimum management and service of even the most complex transactions. It is due to our standards of professional responsibility when dealing with our clients and various matters, which we stringently abide by that has enabled us to qualify as one of the reputed corporate law firms in India.
Whilst A&A commercial law services has been able to cater to legal needs pan India as well as globally, its main founding office and headquarters is in Delhi and it is due to this foothold. A&A corporate lawyer in India has played a vital role in providing advice to the government on various legal and policy-related issues and is amongst the few corporate law firms in India to have the experience and optimal understanding of interpretation and drafting of policy matters.
A&A adopts an approach that demands the highest levels of knowledge, technical skill and service delivery allowing us to provide accurate, reliable, timely, and cost-effective advice while maintaining international standards of excellence and create a bespoke approach for every client and their business. Our commercial law solicitors unique perspective of working on our client’s matters as a critical part of their team allows us to address their problems like our own. We believe that each client comes with different requirements and concerns – and we work tirelessly to achieve their goals and pursue their objectives.
We make sure that our fee structure and the legal costs involved are very transparent and predictable for our clients. We believe that client relationships are based on trust and a sense of common purpose and we never falter on our promise making us one of the best corporate law firms in India. Our priority has been to deliver the best legal & business solutions and our fee arrangements are tailored to the needs of the client, the client’s goals, and the nature of the matter.
When an employee’s job is terminated, they are given what is known as termination pay. It is the sum of money paid by the employer to the employee in the event of termination, and depending on the specifics and any relevant labour legislation, it may comprise different aspects. A required retirement savings program called the “Superannuation Guarantee” is in place in a number of countries. Employers are required to put a portion of their employee’s wages into a superannuation fund that will provide them with retirement benefits.
In India, termination payments are generally not subject to the Superannuation Guarantee (SG) contributions. Under the Employees’ Provident Funds and Miscellaneous Provisions Act, of 1952, both the employer and the employee are mandated to make contributions to the EPF from their own salary. These accumulate over a long period of time and are given to the employee at the time of retirement.
Some of the compliances that need to be kept in mind while framing a provision for superannuation are-