You can continue investing in NPS even after retirement
6 years, 9 months ago

You can continue investing in NPS even after retirement

Live Mint  

The National Pension System is a retirement product in which you need to invest till 60 years of age, also the retirement age. If you are above 60 years Owing to better health, longevity and demand by people, the Pension Fund Regulatory and Development Authority last year increased the entry age to 65 years. This means if you are more than 60 years of age but less or equal to 65 years, you can start investing in the NPS. Early exit from NPS is considered when you choose to leave NPS before retirement or before three years if you began investing after 60 years of age.

Age 60 Years Three Years Nps 70 Years Early Exit  continue  product  pension  need  retirement  withdraw  age  annuity  nps  exit  60  investing

History of this topic

Independence Day 2023: How to plan your post-retirement financial independence with NPS?
1 year, 7 months ago

Independence Day 2023: How to plan your post-retirement financial independence with NPS?

Live Mint  

Remember the Nobel laureate Rabindranath Tagore’s famous lines, “Where the mind is without fear and the head is held high”. It furnishes a range of advantages not commonly found in other retirement savings schemes, including: Market-linked returns: The performance of your NPS investment is directly tied to the fluctuations of the market, offering you the possibility of achieving superior returns …

Why you should consider National Pension System (NPS) over other annuity scheme?
2 years ago

Why you should consider National Pension System (NPS) over other annuity scheme?

Live Mint  

NPS scheme: The National Pension System helps in creating a stable income source for every individual post-retirement. According to tax and investment experts, NPS provided an affordable investment model among other annuity plans available in the market along with income tax benefits. On why one should choose NPS over other annuity schemes available in market, Sreekanth Nadella, MD and CEO …

NPS Rule Change: IRDAI Eases Annuities Purchasing Rules For Retirees, Allows Digital Life Certificate
2 years, 6 months ago

NPS Rule Change: IRDAI Eases Annuities Purchasing Rules For Retirees, Allows Digital Life Certificate

ABP News  

From now on, the National Pension System pensioners don’t have to fill any separate proposal form for taking the Immediate Annuity products from the proceeds of the scheme. “In this direction, to bring ease of living for senior citizens, Irdai has relaxed the requirement of submitting separate proposal form for taking the immediate annuity products from proceeds of National Pension …

NPS Calculator: Want to Get Rs 50,000 Pension After Your Retirement? Know How to Invest
2 years, 9 months ago

NPS Calculator: Want to Get Rs 50,000 Pension After Your Retirement? Know How to Invest

News 18  

NPS Calculator: Indian citizens who contribute to the country’s workforce look for several schemes, which will help them save money and provide returns without having much risk. The NPS is jointly offered by the Pension Fund Regulatory and Development Authority and the government of India, and acts as a stable savings against one’s retirement. NPS Eligibility A National Pension Scheme …

NPS Update: Centre Mulling Over Raising Annuatised Pension Withdrawal Amount
3 years ago

NPS Update: Centre Mulling Over Raising Annuatised Pension Withdrawal Amount

News 18  

In the wake of some states mulling over re-introducing the old pension scheme for their staff, the central government is planning to make the reform-oriented National Pension System more attractive by increasing its annuatised amount for the employees, according to a report. Under the NPS, a person is allowed to withdraw 60 per cent of the accumulated corpus contributed during …

NPS scheme: Government employees must know these rules to avail big benefits
3 years ago

NPS scheme: Government employees must know these rules to avail big benefits

India Today  

The National Pension System is an essential savings scheme for central government employees. NPS ACCOUNT OPENING RULES An NPS account of central government employees is opened immediately on joining the service. INVESTMENT IN NPS ACCOUNT An employee can make contributions above the mandatory limit of 10 per cent in Tier I account of NPS. On exit from NPS on 60 …

Should you invest in NPS just for the tax benefits?
3 years, 5 months ago

Should you invest in NPS just for the tax benefits?

Live Mint  

National Pension Scheme is an essential retirement planning tool. NPS investment has two options Active mode: The investor can evaluate the return annually and switch from equity to debt and debt to equity options in the active mode. This scheme has brought the comfort of the monthly pension enjoyed by the government employees to others like employees, freelancers, self-employed, etc.,” …

6 recent changes in National Pension System (NPS) rules you need to know
3 years, 5 months ago

6 recent changes in National Pension System (NPS) rules you need to know

Live Mint  

The National Pension Scheme is a social security initiative by the Central Government and is open to employees from the public, private and even the unorganised sectors. Take a look: 1) Entry age increased The pension fund has revised the guidelines on entry into NPS to 70 years. 2) Exit norms revised On the exit conditions for subscribers joining NPS …

NPS scheme: 5 benefits of National Pension System that you should know
3 years, 8 months ago

NPS scheme: 5 benefits of National Pension System that you should know

Live Mint  

NPS scheme: National Pension System is a retirement-oriented investment option that provides a periodic annuity and a lump sum corpus on the attainment of retirement age. NPS scheme is one of the ideal pension and retirement planning schemes available in India for salaried, self-employed professionals and freelancers like lawyers, doctors, chartered accountants, entrepreneurs, architects and others who work in their …

NPS Rule Change: Now, Withdraw Full Contributions Without Buying Annuity; Check Conditions Here
3 years, 9 months ago

NPS Rule Change: Now, Withdraw Full Contributions Without Buying Annuity; Check Conditions Here

ABP News  

New Delhi: Here is a news for NPS subscribers looking to withdraw their corpus! In a notification, the Pension Fund Regulatory and Development Authority has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh. According to the existing rule, NPS subscribers with a corpus of over Rs …

PFRDA permits withdrawal of pension corpus of Rs 5 lakh without buying annuity
3 years, 9 months ago

PFRDA permits withdrawal of pension corpus of Rs 5 lakh without buying annuity

India TV News  

The Pension Fund Regulatory and Development Authority has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh. Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by …

The Hindu Explains | Why is the government tweaking the National Pension System?
3 years, 11 months ago

The Hindu Explains | Why is the government tweaking the National Pension System?

The Hindu  

The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority, the National Pension System has been open for individuals from all walks of life to participate and build a retirement nest-egg. To avoid forcing people into such an unattractive investment, the regulator has …

Plan your retirement with National Pension Scheme
5 years, 1 month ago

Plan your retirement with National Pension Scheme

Hindustan Times  

Looking to increase your retirement fund? The National Pension Scheme is one such scheme that can help you plan your retirement, save tax on it as you invest, and eventually give you a corpus to invest in annuity on your retirement. NPS has a two-tier structure—a pension account that gives tax benefits and is mandatory to open for NPS and …

Save for old age, not for tax benefits
6 years, 2 months ago

Save for old age, not for tax benefits

Live Mint  

NPS is a government-sponsored pension scheme launched in 2004 for government employees. Once a taxpayer has exhausted the limit of ₹1.5 lakh available under section 80, an additional ₹50,000 is allowed under section 80CCD,” said Archit Gupta, CEO of Clear Tax, a tax e-filing platform. “This is one of the major advantages for NPS, as this section is solely available …

Withdraw pension more than 50% of last drawn salary with this new govt rule
6 years, 3 months ago

Withdraw pension more than 50% of last drawn salary with this new govt rule

Live Mint  

Good news for central government employees! The cabinet has raised the government’s matching contribution to the National Pension Scheme to 14 per cent of the basic salary as against 10 per cent earlier, according to official sources. In a major development, central government employees are allowed to withdraw up to 60 per cent of their NPS corpus at the time …

Who should opt for annuity?
6 years, 3 months ago

Who should opt for annuity?

Live Mint  

Annuity products are those that one knows as pension plans with two variants in the market: annuity plans available with the insurers and National Pension Scheme, said Suresh Sadagopan, founder of Navi Mumbai-based Ladder7 Financial Advisories. “Annuity products are divided in two stages: accumulation stage where you builds a corpus and after maturity you will receive an annuity in a …

NPS subscribers can now make partial withdrawals from account
9 years, 9 months ago

NPS subscribers can now make partial withdrawals from account

Live Mint  

New Delhi: Subscribers of National Pension System will get to withdraw up to 25% from their pension fund accounts under certain circumstances, Pension Fund Regulatory and Development Authority, said. After 10 years as an NPS subscriber, you can make such partial withdrawals for big-ticket expenses like children’s marriage, higher education, construction or purchase of first house and treatment for critical …

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