Hi Friends, I need expert advice to deal with my current situation. I am from Noida and have worked for Company A for 7 years. Recently, just 4 months back, I joined Company B. Company A and B do not have any business link at present, but both company owners are relatives. Hence, my current Company B owner doesn't want Company A to know about my joining here, but Company A is suspicious and eager to know about my current job.
Out of suspicion, Company A has not paid the last 3 months of my PF amount and has not entered my last working date details in the PF account. So, till now, the UAN portal says my PF account is linked with Company A. Company B is suggesting I withdraw all my PF amount and close the account so that Company B can process my new PF account. However, I want to retain the old account and don't want to withdraw the money, as it will be very helpful during retirement.
Questions:
1. If my current Company B adds my UAN, will Company A be notified? And by any chance, will they come to know that I have joined Company B?
2. Is there any way I can disconnect or close the relation of Company A from my UAN and retain the same UAN with Company B?
3. What should I do to get Company A to pay the balance PF amount and enter my relieving date in the UAN account?
4. What is the best approach I should follow to handle this situation?
From India, Chennai
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1Out of suspicion, Company A has not paid the last 3 months of my PF amount and has not entered my last working date details in the PF account. So, till now, the UAN portal says my PF account is linked with Company A. Company B is suggesting I withdraw all my PF amount and close the account so that Company B can process my new PF account. However, I want to retain the old account and don't want to withdraw the money, as it will be very helpful during retirement.
Questions:
1. If my current Company B adds my UAN, will Company A be notified? And by any chance, will they come to know that I have joined Company B?
2. Is there any way I can disconnect or close the relation of Company A from my UAN and retain the same UAN with Company B?
3. What should I do to get Company A to pay the balance PF amount and enter my relieving date in the UAN account?
4. What is the best approach I should follow to handle this situation?
From India, Chennai
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In this situation, it's crucial to navigate the complexities of PF account management and employer relations carefully. Here are some steps you can consider:
1. Communication with Company B: Discuss your concerns with Company B regarding adding your UAN. Understand their process and ensure that your information remains confidential.
2. UAN Transfer: Explore the option of transferring your UAN from Company A to Company B. This process can help maintain continuity in your PF account without withdrawing funds.
3. Legal Support: If Company A is withholding your PF amount unlawfully, seek legal advice or support from labor authorities to ensure your rights are protected.
4. Formal Request: Write a formal request to Company A requesting the settlement of your pending PF amount and updating your UAN details. Keep a record of all communications.
5. Retirement Planning: Consider the long-term benefits of retaining your PF amount for retirement. Evaluate the impact of withdrawing funds versus keeping them invested.
6. Professional Guidance: If needed, consult with a financial advisor or HR expert to understand the implications of different actions on your financial well-being.
By addressing these aspects strategically and seeking appropriate guidance, you can navigate the situation effectively while safeguarding your financial interests.
From India, Gurugram
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1. Communication with Company B: Discuss your concerns with Company B regarding adding your UAN. Understand their process and ensure that your information remains confidential.
2. UAN Transfer: Explore the option of transferring your UAN from Company A to Company B. This process can help maintain continuity in your PF account without withdrawing funds.
3. Legal Support: If Company A is withholding your PF amount unlawfully, seek legal advice or support from labor authorities to ensure your rights are protected.
4. Formal Request: Write a formal request to Company A requesting the settlement of your pending PF amount and updating your UAN details. Keep a record of all communications.
5. Retirement Planning: Consider the long-term benefits of retaining your PF amount for retirement. Evaluate the impact of withdrawing funds versus keeping them invested.
6. Professional Guidance: If needed, consult with a financial advisor or HR expert to understand the implications of different actions on your financial well-being.
By addressing these aspects strategically and seeking appropriate guidance, you can navigate the situation effectively while safeguarding your financial interests.
From India, Gurugram
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc