NPS SCHEME: At present, inflation is continuously expanding its form. This is spoiling the budget of the people. In such a situation, it is possible that it will become difficult to manage the monthly expenses in the coming time. In the coming time, there should be at least one lakh rupees salary every month. At the same time, it becomes difficult to manage one’s expenses after retirement. During this time, it becomes very important to arrange money. If you are thinking of getting a pension of at least 1 lakh rupees after retirement, then there is a government scheme in which, by investing, you will be able to get a pension of up to 1 lakh rupees monthly.
We are talking about the National Pension Scheme, NPS can prove to be the best scheme for pension. This scheme provides a good pension after retirement. To make life happy after retirement, make a plan and start investing from now.
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Why invest in NPS
For information, let us tell you that NPS is a government scheme. This scheme is run by the government, so there will be no loss of any kind on the amount invested. This scheme is regulated by PFRDA. There are the following 2 accounts in NPS. These are Tier-1 and Tier 2. Tier-1 is a type of pension account. The investment amount can be withdrawn from this account at the age of 60 years. At the same time, the invested amount can be divided into shares, corporate bonds, etc.
Apart from this, tax benefits are available in NPS. By investing up to one and a half lakh rupees in this scheme, you can get a tax exemption. This tax benefit is given under section 80C. Apart from this, on investing in NPS, an extra benefit of 50 thousand rupees is available under section 80CCD (1B). In this way, by investing in NPS, you can get a total tax exemption of up to 2 lakh rupees.
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When to invest in a pension of Rs 1 lakh
If you want to get a monthly pension after your retirement, then start investing at the age of 40. If you start investing at the age of 40, then you will be eligible for a pension of Rs 1 lakh at the age of 60. If you start investing at 40, then you will accumulate a fund of about Rs 4.97 crore for 20 years. In this, NPS gives an annual return of 10 percent. Annuity on retirement is 6 percent. In such a situation, if you invest Rs 65 thousand monthly, then after 20 years, you get a return of about 10 percent. In such a situation, a total of Rs 4.97 crore will be available on maturity.
According to NPS, after retirement, 60 percent of the total amount can be withdrawn tax-free. That is, out of Rs 4.97 crore, Rs 2.98 crore will go to your account. The remaining 40% amount can be withdrawn as a pension. With this amount, you can get a pension of Rs 1 lakh every month.