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NPS to add systematic withdrawal plan
Currently, subscibers are allowed to withdraw this 60% at one go and the rest 40% is used to buy annuity
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Pension regulator to further sweeten NPS
Currently, NPS account holders, who are 60 years old, are allowed to withdraw up to 60% of their total deposited amount, which they could either spend
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Want to secure your future and save tax?
The new tax regime does not provide any deductions and exemptions, whereas the old regime has about 70 of them
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Old pension scheme vs New pension scheme
The central government employees currently get tax deduction of 14% on investments made in the NPS.
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Old pension scheme vs New pension scheme
Central government employees 14% get tax deduction on NPS investments.
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9 long term investment options for a bright future
Investment in long term instruments often gives a person hefty return since the power of compounding is immense. Generally, investment above five year
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Govt to introduce bills for facilitating privatisation of public sector banks; changes to PRFDA Act
The goal is to keep NPS Trust separate from the pension regulator and administered by a 15-member competent board.
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Retire in 50s: Follow these rules for Rs 15 crore corpus
Depositors can also extend their investments indefinitely in a block of five years, after the expiry of the initial lock-in period.
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Are you well-funded for your retirement?
Retirement planning is very important. It cannot be left to chance.
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Here are the tax benefits offered by NPS
An individual taxpayer's contribution towards NPS Tier-I account is eligible for tax benefit under section 80CCD (1).
