NPS
A government retirement savings scheme with extra tax benefits.
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Latest on NPS
NPS Trust Faces Demand for Probe, Dissolution Over Startup Investments
The All India NPS Employees' Federation (AINPSEF) has urged Prime Minister Narendra Modi to investigate the National Pension System (NPS) Trust regarding its investments in startup companies. The federation has also called for the dissolution of the NPS Trust, raising significant concerns about the management of retirement funds.
BreakingPFRDA Enables NPS Account Opening via PhonePe, BHIM for Easier Digital Access
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a significant push for digital access to the National Pension System (NPS), enabling new account openings through popular fintech platforms like PhonePe and BHIM. This 'NPS Tatkal' initiative aims to simplify and expedite the registration process, making retirement planning more accessible for Indian citizens.
BreakingParents Saving ₹10,500 Monthly for Toddler's & Baby's Pensions: Early Start Benefits for India
A UK family is reportedly saving £100 (approximately ₹10,500) monthly into pension funds for their toddler and baby, highlighting the significant advantages of starting long-term financial planning early for children. This strategy underscores the power of compounding and its potential to build substantial wealth over decades for future financial security, a principle highly relevant for Indian parents.
Retirement Readiness at 40: What Indians Can Learn from US 401(k) Benchmarks
While specific US 401(k) average balances for 40-year-olds were not provided in a recent global finance discussion, the underlying question of retirement readiness is universally important. This article explores how Indian savers can apply similar principles to assess their own retirement goals and progress using local financial instruments.
BreakingNPS Pension Funds Must Rename, Restructure Schemes in 30 Days
The Pension Fund Regulatory and Development Authority (PFRDA) has mandated pension funds to rename and restructure their existing Multiple Scheme Framework (MSF) schemes. This change aims to align these schemes with a new standardised classification framework, with a compliance deadline of 30 days.
Retirement Planning: Should You Delay Pension for Higher Payouts or Claim Early?
A growing debate in retirement planning questions whether individuals should delay claiming social security or pensions until age 70 for higher returns or start earlier to enjoy their wealth. While waiting can increase annual payouts by 8%, personal health and lifestyle goals often outweigh the financial gains of delaying.
Claiming Retirement Benefits Early: Not Always a Bad Idea for Indian Retirees
While often advised to delay retirement benefit claims for higher payouts, a global financial perspective suggests that early claiming can be beneficial under certain circumstances. For Indian retirees, factors like health, existing debt, and immediate financial needs warrant careful consideration before deferring pension or provident fund withdrawals.
BreakingNPS Tier II Withdrawals: How Capital Gains Are Taxed
Withdrawals from National Pension System (NPS) Tier II accounts are subject to income tax based on your income slab. The eNPS portal does not currently offer a separate capital gains statement for these accounts, requiring investors to calculate and report gains manually.
BreakingPFRDA Eyes Global Funds for NPS Growth, Boosts Subscriber Returns
India's pension regulator, PFRDA, has formed a committee to attract international pension capital. This move aims to enhance the National Pension System (NPS) by fostering collaborations and co-investments, potentially leading to better returns for subscribers.
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