NPS INVESTMENT OPTION
Get 60% higher pension by delaying your NPS exit by 5 years; know how NPS continuity and deferment options can help you
NPS exit: Many people who have not saved enough for retirement income in NPS they need to know about the options they have at the time of exit at the age of 60. By exploring deferment, continuance, and systematic withdrawal options, individuals can optimize their NPS corpus for long-term financial security and flexibility. A delay in exit can not only save taxes but can help you build big retirement kitty and hence higher pension.
18 major NPS changes in last 6 months: New online withdrawal facility to changes in NPS transaction statement
New NPS rules: The National Pension System CRAs registered with the Pension Fund Regulatory and Development Authority (PFRDA) are consistently improving their systems. Here are the important NPS functions recently announced to enhance user experience and operational simplicity.
New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-September
NPS Balanced Life Cycle Fund by PFRDA: The NPS auto choice option is suitable for those NPS subscribers who find it difficult to decide when and how much to invest in each asset class. As the equity exposure reduces each passing year, the NPS subscriber does not need to manage the allocation according to the risk appetite actively. Now the equity exposure in the Balanced Life Cycle Fund has been increased till the age of 45. So several young NPS customers will benefit from it.
PFRDA to introduce new life cycle fund option by September
Life cycle fund provides an option of investment to subscribers and allocation of equity and debt depends on the option chosen by them. There are different investment choices (Auto/Active) for tier-1 and tier-2 National Pension Scheme (NPS) accounts.
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts
The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.
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I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
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I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
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Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Where should you invest when saving for retirement?
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Low charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning
The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
NPS is a long-term investment with very low costs, low risk profile: Rahul Bhagat, CEO, DSP Pension Fund
Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the retirement portfolio should generate a fixed and assured income, Rahul Bhagat tells Babar Zaidi
Retirement planning: Where to invest to create retirement corpus of Rs 6 crore in 20 years
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Does the new income tax regime suit you? Find out who should move from the old tax regime to the new one
With the start of the new financial year, companies are reaching out to their employees to select the tax regime for 2024-25. This is an important decision because you can do it only once in a financial year. Once you make a choice, your income will be taxed as per the tax structure of that regime
Mutual funds, other investment options to choose to save for retirement
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
New NPS rule: Mandatory two-factor Aadhaar authentication to log into NPS CRA system from this date
Investing in NPS: PFRDA has enhanced the security of the National Pension System (NPS) by introducing a new security layer, two-factor Aadhaar-based authentication. Read on to find out more about this feature.
Which investment is 100% tax-free: 3 tax-saving investment options for tax-free income
Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investment returns becomes pivotal. Taxable returns are added to your income and subject to higher tax rates.
Income tax savings FY2023-24: 5 tax-savings options other than Section 80C
Section 80C is the most well-known tax deduction that salaried individuals usually use to save income tax. The tax deduction limit of Section 80C under the Income-tax Act, 1961 is Rs 1.5 lakh every financial year. If you have already exhausted the limit of Section 80C, where can you invest to save tax in the current financial year? Here are some of the options for you. Do keep in mind that you have to invest by March 31, 2024, to save income tax for the financial year 2023-24.
These investment options can help you create retirement corpus of Rs 5.62 crore
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Top 6 investment options for women in India
An increasing number of women in India are entering the workforce and seeking financial autonomy. They have various investment options, including PPF, mutual funds, NPS, fixed deposits, NSC, and Mahila Samman Savings Certificate, to achieve their financial goals and secure their future.
Best ways to save income tax: 10 tax-saving investment options for you
ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters—returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking.
Penalty for not depositing money in PPF, Sukanya Samriddhi Yojana by March 31 every FY
A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) accounts in before March 31, 2024 to avoid having to pay a penalty.
ULIPs and NPS: What are the tax benefits you can expect? Arnav Pandya explains
Arnav Pandya says: "If you are just looking at the tax benefit, you do consider one thing that it is very likely that the amount which you invest on which you think you will get a deduction, you are not going to be able to access for a very long time. So that is very important to consider because if you are going to lock in your money for 25 years, then the tax benefit per se might not seem very significant."
The Future of NRI Investments: Top trends to watch out for in 2024
In 2024, India’s large and evolving investment market coupled with ardent policies, government initiatives, infrastructure development and enhanced connectivity will stand as a beacon of hope for NRIs looking forward to diversifying their investment portfolio.
Investing in NPS made easier by PFRDA for these subscribers
The process to open an National Pension Scheme (NPS) account has been made easier by Pension Fund and Regulatory and Development Authority (PFRDA). Further subscribers who have not updated their signature and photo in their accounts are now to be provided an online facility to upload one. Presently there are two CRAs in NPS: NSDL and Karvy.
Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decide
PFRDA has now introduced phased withdrawal of the lump-sum part of the maturity amount of your NPS corpus at the time of retirement. NPS subscribers can now either opt for a lump- sum withdrawal or make periodic withdrawals (systematic lump-sum withdrawal or SLW) from their corpus. Should you opt for new SLW option or stay away? How will it help to achieve your retirement goals. Read here to find out
Long-term investment options to build a multi-crore corpus
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
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