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Thread: Is NPS Good For Retirement Investment?

  1. #1

    Is NPS Good For Retirement Investment?

    NPS is an investment medium created especially for retirement investment. However, on this counts, NPS fails miserably. To create a good retirement corpus you can't rely on any instrument that does not give 100% equity exposure. Equity investment is the critical element of the long-term investment.
    NPS does offer equity option in the asset class E, but it only allows 50% exposure and the rest of your fund is invested in debt funds. Besides, there are stringent restrictions on withdrawal in the tier-1 account which limits investors' option to withdraw either amount at the end of the term and invest it in other better options which can give better returns like a mutual fund. Moreover, it's not any nominal amount but 60% of your corpus which you never get back.

    Want to know more Click @ National pension Scheme

  2. #2

    NPS: National Pension Scheme Will Help You Secure Your Future

    The government of India started the National Pension System on Jan 01, 2004 to provide Indian citizens with the vital social security after retirement to cover for rainy days ahead.

    One of the major goals of NPS is to inculcate a savings culture for retirement among Indian citizens while bringing in all the required pension reforms. Pension plans covered under NPS provide you with a regular source of income after your retirement giving you the financial security and stability you need to lead a peaceful retired life. The best part is that you do not need to change your standard of living after retirement. Pension schemes covered under NPS ensure that you invest and accumulate your hard-earned money and redeem it after retirement as a lump sum or as monthly installments under an annuity plan for retirement.


    Who can join NPS

    Central Government Employees
    State Government Employees
    Corporate
    Unorganized Sector Workers Sasayama Yojana

    Advantages of NPS
    Simple processes
    Portable schemes
    Regulated by PFRDA

    Tax Benefits

    Contributions made by subscribers in Tier I account are Exempted-Exempted-Taxed (EET). Thus, amount contributed is allowed as a deduction from GTI up to Rs.1 lakh according to provisions of section 80C of the Income Tax Act, 1961.

    Accrued appreciation on the contributed amounts and the amount that the subscriber uses to purchase the annuity is not taxable.

    The amount that the subscriber withdraws after 60 years of age becomes taxable.

    Article Source:
    https://www.investmentz.com/national...on-system-nps/
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