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IWF WECARE

IWF Workshop on Financial Awareness & Financial Independence for women

Minna Franck, co-founder of Finnwards, started the workshop & explained about how to understand the salary slip and additional benefits that are taxable. She also shared the benefits from Municipalities, KELA, Unemployment funds and Pension funds.

Seema Dastagir, a solution design owner from Kone, continued the workshop on why financial saving is important. She started her segment with power of compounding and explained how people can start saving with by understanding factors such as budget Management, Financial planning and Building the Financial house.

This was followed with Tarun Sharma, a tech and business entrepreneur, where he shared his insights about investor profile & objectives, various investment options and how to start investing. He explained how to discover the investor profile points and to make wise investment goals.

Tarun Sharma further deep dived in to asset classes such as equities, property, bond, cash, commodities and the respective subclasses. He encouraged everyone to start equity savings account and clearly underscored how in Finland within an equity savings account, people can buy and sell stocks without needing to pay tax on the individual sales. The profit from an equity savings account is only taxed when they withdraw money from the account.

The workshop concluded with Q &A where participants raised their concerns and questions regarding Finnish tax system & Investment options in Finland.

The workshop was an online event on May 28, 2021 @ 18.00.

YouTube link of the workshop

Some links related to the workshop

https://www.kela.fi/web/en/quick-guide-to-unemployment-benefits?fbclid=IwAR1KW-JWM_nHIEUKUThcE56_Yl1xdwGi4aJhMpSDSrTgIuwaedDosDBMgaM

https://www.tyj.fi/en/join-a-fund/?fbclid=IwAR3N4kS1htZw8JC1YUMtwG6laQ9HI3o0tDAtdEeePAPzEoA0vWZeEBJckpc

https://www.nordea.fi/en/personal/our-services/savings-investments/investments/equities.html

By: Sivaranjini Ramasamy

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