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 just for NPS contributions,” said Vishal Dhawan, founder of Plan Ahead Wealth Advisors. In active choice, you can decide your contribution and percentage allocation to the different asset classes: equity, corporate bond, government bond and alternative infrastructure funds. In auto choice, you can choose between moderate, aggressive and conservative setups that will automatically make changes to your investment according to the risk profile you pick and your age.

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History of this topic

Why NPS should be a part of your retirement plan? 5 things to know
1 month ago

Why NPS should be a part of your retirement plan? 5 things to know

India Today  

Retirement planning is essential to a stress-free and financially secure future. Higher Returns with NPS When compared to traditional fixed-income investments like fixed deposits and Public Provident Funds, NPS offers superior returns over the long run. Investments under NPS are overseen by qualified pension fund managers, ensuring the majority of your contributions are invested towards wealth creation rather than paying …

Why NPS can be your only retirement plan
1 month, 2 weeks ago

Why NPS can be your only retirement plan

New Indian Express  

The benefits of the National Pension Scheme significantly far outweigh the effort needed to learn and understand about investing. For years, you have put aside money for your retirement through employee provident funds, public provident funds, other government guarantee schemes or fixed deposits. Pension schemes across many countries in Europe are based on government guarantees. In India, 32.7 crore people …

National Pension Scheme: Busting The Common Myths About NPS
2 months ago

National Pension Scheme: Busting The Common Myths About NPS

ABP News  

By Kurian Jose The National Pension System offers great tax-saving opportunities, but there are myths that often confuse potential investors. Myth 1: NPS Tax Benefits Are Just Like Other Investments Reality: NPS offers unique tax benefits beyond the traditional Section 80C: Section 80 CCD : Up to Rs 1.5 lakh. Myth 6: You Cannot Invest in NPS If You’ve Exhausted …

NPS Vs PPF: Choosing The Right Retirement Plan For Your Future
3 months, 3 weeks ago

NPS Vs PPF: Choosing The Right Retirement Plan For Your Future

ABP News  

NPS Vs PPF: As retirement planning gains importance, consistent investments over the years have become the cornerstone of creating a robust financial corpus. PPF suits those seeking low-risk, guaranteed returns, while NPS offers higher growth potential through diversified market-linked investments. Both plans offer tax benefits under Section 80C of the Income Tax Act, though NPS allows an additional deduction of …

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained
3 months, 3 weeks ago

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained

India Today  

The National Pension Scheme Vatsalya, launched this year, in September, allows parents or guardians to invest in a government pension scheme on behalf of their children. Any Indian minor under 18 is eligible for the NPS Vatsalya scheme. To open an NPS Vatsalya account, the following documents are needed: Proof of the minor’s date of birth KYC documents of the …

New pension scheme for minors: Should you invest in NPS Vatsalya?
4 months, 1 week ago

New pension scheme for minors: Should you invest in NPS Vatsalya?

Live Mint  

NPS Vatsalya is a National Pension System contributory new pension scheme for minors. NPS Vatsalya account opening eligibility All minor citizens up to 18 The account is opened in the minor's name and managed by their guardian until the child turns 18. For online account opening, you do so at the NPS Trust's eNPS platform Documents required for opening NPS …

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside
6 months ago

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside

ABP News  

NPS Vatsalya scheme: In a major initiative to secure the financial future of children in India, the Centre has introduced the NPS Vatsalya Pension Scheme, providing flexible contributions and investment options for parents or guardians. The National Pension System Vatsalya scheme is set to foster a culture of savings from an early age, ensuring long-term financial security for India's younger …

Know more about NPS Vatsalaya, a new scheme for children
6 months ago

Know more about NPS Vatsalaya, a new scheme for children

New Indian Express  

NEW DELHI: In an era where financial planning is more crucial than ever, the government has taken a significant step toward securing the financial future of our youngest citizens with the launch of the NPS Vatsalaya scheme. By providing a structured framework for long-term wealth accumulation, NPS Vatsalaya not only offers parents a powerful tool to safeguard their children’s financial …

NPS scheme may get a makeover in Interim Budget 2024
1 year, 2 months ago

NPS scheme may get a makeover in Interim Budget 2024

India Today  

India is expected to consider extending tax concessions on contributions and withdrawals in the upcoming Interim Budget 2024, in an effort to make the National Pension Scheme more attractive, as per a Deloitte report The government might specifically focus on individuals aged 75 and above. Corporations enjoy tax exemptions for contributions up to 10 per cent of the basic salary …

NPS: Auto or active choice. What should you opt for?
1 year, 6 months ago

NPS: Auto or active choice. What should you opt for?

Live Mint  

Planning for retirement is one of the key long term financial goals for most investors. The exposure to equity starts with 25 percent till 35 years of age and gradually reduces according to the subscriber’s age. The exposure in equity investments starts with 50 percent till 35 years of age and gradually reduces as per the age of the subscriber. …

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 …

Govt Likely To Change NPS Rules For 40%-45% Assured Pension: Report
1 year, 9 months ago

Govt Likely To Change NPS Rules For 40%-45% Assured Pension: Report

ABP News  

The central government is considering revising the current market-linked National Pension Scheme to provide its employees with a minimum pension of 40 per cent to 45 per cent of their last drawn salary, reported news agency Reuters citing two government officials. Under the current National Pension Scheme, employees are required to contribute 10 per cent of their basic salary, while …

National Pension System: From Tax Benefits, Schemes To Withdrawal. Know Everything About The Pension Scheme
2 years ago

National Pension System: From Tax Benefits, Schemes To Withdrawal. Know Everything About The Pension Scheme

ABP News  

If you are considering an avenue to invest for retirement planning, then you can consider National Pension System as it offers a range of investment options and a choice of pension fund schemes. NPS Tier-1 account Tier I – Pension account Minimum Contribution during A/C opening is Rs.500 for Tier I NPS Tier-2 account Tier II – Investment account The …

National Pension System (NPS): Why you must opt for this scheme
2 years ago

National Pension System (NPS): Why you must opt for this scheme

Live Mint  

NPS offers a high degree of flexibility to subscribers' in making their contributions, choice of fund manager and allocation of investments according to one’s risk appetite. 2) Husband-wife duo can enroll: Since NPS is an individual pension account, self-employed couples who run their family business can open separate NPS accounts and avail the tax benefits in their individual capacity. Not …

Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)
2 years ago

Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)

Hindustan Times  

With every passing day, demand for the restoration of the Old Pension Scheme is growing louder. Centre rolls out a one-time option for select employees to opt for OPS The central government recently decided to offer a one-time option for the "Old Pension Scheme" to a select group of central government employees. from the government servants appointed on or after …

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 …

Want to secure your finances before retirement? Check these government pension schemes
2 years, 3 months ago

Want to secure your finances before retirement? Check these government pension schemes

Firstpost  

One of the major challenges of retirement is maintaining financial stability. Keeping that in mind, the government has developed a variety of unique pension plans to guarantee the stability and financial security of the country’s elderly population after retirement. Here are some of such government retirement schemes that senior citizens can opt for: National Pension Scheme : The NPS is …

NPS for Corporate Employees: Know About Additional Avenue For Retirement Planning
2 years, 7 months ago

NPS for Corporate Employees: Know About Additional Avenue For Retirement Planning

News 18  

The National Pension System, a government- What is National Pension System? The NPS Corporate Sector Model is the customised version of core NPS to suit various organisations and their employees to adopt NPS as an organised entity within the purview of their employer-employee relationship. The Risk Rating System Recently, the Pension Fund Regulatory and Development Authority of India rules have …

NPS scheme: 5 reasons to opt this plan for better return with minimum risk
2 years, 7 months ago

NPS scheme: 5 reasons to opt this plan for better return with minimum risk

Live Mint  

NPS scheme: The National Pension System is a unique pension plan backed by the Government of India, which provides both equity and debt exposure in single investment. Speaking on the reason for NPS scheme gaining popularity among investors, Ajit Kumar, Chief Strategy Officer at KFintech said, "One of the reasons NPS is growing in popularity is its highly simple and …

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 To Soon Have Risk Rating System; Know How You Should Pick Best Pension Scheme
2 years, 9 months ago

NPS To Soon Have Risk Rating System; Know How You Should Pick Best Pension Scheme

News 18  

Schemes under the National Pension System will soon have ratings that will inform investors about the level of risk involved in a particular scheme that they are opting to invest in. The investment under various asset classes of the Schemes of Pension Funds would involve different level of risks for subscribers and, therefore, it is desired that the adequate disclosure …

NPS Calculator: How to Get Rs 1 Lakh Pension Per Month With Monthly Investment of Rs 5,000
2 years, 10 months ago

NPS Calculator: How to Get Rs 1 Lakh Pension Per Month With Monthly Investment of Rs 5,000

News 18  

The National Pension System, or NPS, is a retirement saving option where individuals can contribute a monthly amount to withdraw regular income after retirement. Under the NPS Tier 1, a person is allowed to withdraw 60 per cent of the accumulated corpus contributed during his/ her working years at the time of retirement, which is tax-free. Assuming the annuity rate …

NPS Update: Centre Mulling Over Raising Annuatised Pension Withdrawal Amount
2 years, 11 months 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, 4 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.,” …

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 …

Here are 7 benefits to invest in National Pension System
4 years, 9 months ago

Here are 7 benefits to invest in National Pension System

India Today  

While we all are dealing with the covid-19 pandemic crisis, the topmost priority for all of us is to be safe. Subscriber contributing to NPS enjoys the following tax benefits: Tax Benefit 1: Deductions on subscriber’s contribution NPS contributions are eligible for tax deduction u/s 80 CCD of ITax Act or 20% of Gross Income for others) within the overall …

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 …

Income tax benefits on NPS: New rules that came into effect this year
5 years, 4 months ago

Income tax benefits on NPS: New rules that came into effect this year

Live Mint  

The government has been amending NPS or National Pension Scheme rules to make the pension scheme more subscriber-friendly. Most recently, the government had raised income tax exemption limit for lumpsum withdrawal on maturity from NPS to 60%, from 40% earlier. Here are 5 things to know about recent changes in NPS rules: 1) In Union Budget 2019, the government had …

Making NPS more attractive for investors
5 years, 9 months ago

Making NPS more attractive for investors

Live Mint  

Come Budget time and the buzz on expectations from the common man intensifies. Investors in NPS tend to compare the scheme’s architecture, which has mandated the purchase of annuity to provide for sustained regular income post retirement, with other options such as mutual funds, monthly income schemes and systematic investment plans etc. Another area that could help in bringing investors …

NPS bonanza for govt employees: More tax benefits, higher centre’s contribution
6 years, 3 months ago

NPS bonanza for govt employees: More tax benefits, higher centre’s contribution

Live Mint  

New Delhi: Finance Minister Arun Jaitley today announced big changes to the National Pension System or NPS, making it more attractive for central government employees. Apart from higher government contribution to NPS, Jaitley also announced additional tax benefits for the pension scheme for all categories of employees. Here are the changes to NPS announced by Jaitley for government employees: 1) …

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 …

De-jargoned: Active and auto choice in NPS
7 years ago

De-jargoned: Active and auto choice in NPS

Live Mint  

The National Pension System is targeted at creating a nest egg for your retirement years. The auto choice option adopts a life-cycle based approach, so it starts with an equity-heavy portfolio during the younger days of the investors and systematically reduces the equity exposure as the investor approaches retirement. The moderate life cycle fund starts with a 50% allocation to …

A big push to pension plan under study
11 years, 2 months ago

A big push to pension plan under study

The Hindu  

The New Year could see the introduction of a new pensions system in India that will offer retirement savers the option of tapping the high-risk-high-return equity markets. Stock market regulator Securities and Exchange Board of India will in its next board meeting in January take up a proposal to allow mutual fund companies to offer pension plans. Highly placed official …

Take advantage of NPS, corporates told
12 years, 6 months ago

Take advantage of NPS, corporates told

The Hindu  

Chairperson of the Pension Fund Regulatory and Development Authority Yogesh Agarwal urged corporate entities on Monday to take advantage of tax benefits on contribution made by employees to the National Pension Scheme. Mr. Agarwal said the three States, which have not implemented the scheme – Kerala, West Bengal and Tripura – are also likely to join the other States in …

Whose pension scheme is it anyway? A pick-me-up for NPS
13 years, 8 months ago

Whose pension scheme is it anyway? A pick-me-up for NPS

Firstpost  

The New Pension Scheme, which was opened up to the general public just before the 2009 general election, has been a failure so far. After seven years of being open to government employees and two years to the general public, the funds under management are an underwhelming Rs 8,585 crore. The scheme’s fragmented structure - with seven asset management companies …

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