Retirement Plan for you

Are you Planning your retirement?


Here we will talk about NPS(National Pension Scheme) which is one of the best retirement pension plan available backed up by the govt.

1. Mutual Fund
A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. To create wealth and to ensure financial future, invest in mutual funds for long terms that generate 12-15% returns

2. NPS


The National Pension System is a voluntary defined contribution pension system in India. National Pension System is an EEE instrument in India where the entire corpus escapes tax at maturity and entire pension withdrawal amount is tax-free.

 

Some Simple Facts:
- you can invest starting from 500/month or lump sum of 6000/year
- You can withdraw certain percentage of corpus at your retirement, which is considered as 60 years.
- Interest rate varies form 10-12%
- 40% of annuity can be divided annually, monthly or yearly pension.
-NPS account (PRAN permanent retirement account number), can be operated from anywhere in the world.



for example :
If you have invested 5000 Rs per  month for 30 years your total corpus fund would be approx 1,76,96,627 Rs. out of which 40% will be kept as annuity and 60% of fund you can withdraw (tax applicable except for 40%). annuity will be divided into rs 35000 monthly pension for you.

I hope this gave you fair idea of how does NPS work.

If not drop your questions here. Like and subscribe my channel for more information.


Link for NPS site is as given below



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