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ETMONEY Answers: Your Questions on NPS | Investing in National Pension System । ETMONEY Live

In this 1st episode of ETMONEY Answers join me, Sanjeev Upadhyay, and our ETMONEY Expert, Shankar Nath as we address the most commonly asked questions on the National Pension System or NPS over Youtube comments, Twitter feeds, emails, and our social media properties. What’s covered in this video? 00:00 Introduction 02:13Tax Benefits Offered under NPS 04:48 Is NPS Taxable or Exempt-Exempt-Exempt? 07:28 Active Choice or Auto Choice 10:44 Performance of NPS Funds 12:23 NPS vs PPF. Which one is better? 16:54 How Annuities Work? 21:04 What Happens if Subscriber Dies Before Retirement? 22:40 Withdrawal of NPS Rules 👉 WHAT ARE THE TAX BENEFITS OFFERED UNDER NPS? Tax benefits are available under the Tier 1 NPS accounts and not in Tier 2 NPS accounts. There are three sections under which tax benefits can be claimed by individuals : 1. Section 80CCD (1) - up to ₹1,50,000) 2. Section 80CCD (1B) – up to ₹50,000 3. Section 80CCD (2) – up to 10% of salary Additional Resources: ► NPS Tax Benefits:    • 4 NPS tax benefits | National Pension...   👉 ARE BENEFITS UNDER NPS TAXABLE OR ARE THEY EXEMPT-EXEMPT-EXEMPT? EEE or exempt-exempt-exempt means three things - 1. The investment qualifies for exemption from taxes 2. The income earned on the investment is exempt from taxes 3. While withdrawing monies, no tax is applied. NPS satisfies all three criteria which are why many publications refer to it as Triple E or exempt-exempt-exempt. 👉 SHOULD I GO WITH ACTIVE CHOICE OR AUTO CHOICE OPTION OF MANAGING MY NPS FUND? We would prefer subscribers to go for active choice as NPS should be treated as a part of your overall portfolio and not as an independent product. This means one should consider NPS while creating their asset allocation strategy and when rebalancing the portfolio. The auto-choice option should be considered only if you are unable to take the time to do the required asset allocation and rebalancing. A subscriber to move from auto to active and active to auto once in a financial year. Additional Resources: ►    • NPS guide | Aapka NPS contribution ka...   👉 HOW HAVE FUNDS UNDER NPS PERFORMED? When we look at the last 10 years of data, we see that the NPS equity funds have delivered: 1. Equities: 9.5% per annum 2. Corporate Bonds: 10.3% 3. Government Securities: 9.8% 👉 NPS VS PPF. WHICH ONE IS BETTER? NPS is better than PPF because of the magic of compounding. The average NPS performance is 10% and that of PPF is 8%. Since retirement is many years away, let's assume a 30-year-old individual who has 30 more years to go for retirement. In this case, the math goes as: * PPF = 1.08^30 = 10.06 * NPS = 1.10^30 = 17.45 Simply speaking you can potentially accumulate 73% additional wealth on a 10% financial instrument as compared to an 8% financial product. Additional Resources: ► https://www.etmoney.com/tools-and-cal... 👉 HOW ANNUITIES WORK AND WHAT ARE THE OPTIONS AVAILABLE? An annuity is an instrument that pays a fixed amount of money at periodic intervals like a month or quarter, and usually for the rest of his/her life. An annuity in common parlance especially in India is called pension. Annuities themselves come in many forms. 1. Life Annuity: Where you receive a monthly payment until your death 2. Joint Life, Last Survivor Annuity: Whereupon demise of annuity buyer, the spouse continues to receive a pension until his/her death 3. Joint Life, Last Survivor Annuity with Return of Purchase Price: Whereupon demise of annuity buyer & spouse, annuity purchase price is returned to the nominee 👉 WHAT HAPPENS IF THE SUBSCRIBER DIES BEFORE RETIREMENT? In case of death of the NPS subscriber before attaining the pension age of 60 years, the entire accumulated pension amount is paid to the nominee or legal heir of the subscriber .. yes, all 100% of it. Plus in this case, there is no need to purchase an annuity 👉 WHAT HAPPENS IF THE SUBSCRIBER DIES AFTER NPS MATURITY BUT BEFORE SELECTING THE ANNUITY PLAN? In this case, there is a provision in the PFRDA rulebook where they have defined a default annuity service provider and a default annuity scheme. 👉 CAN I WITHDRAW MONEY FROM MY NPS CORPUS BEFORE RETIREMENT? Yes, there are 4 conditions to this: 1. Only after 3 years of regular contribution. 2. Cannot withdraw more than 25% of your own contribution 3. Withdraw your contribution only 3 times and that too after a gap of 5 years 4. Reasons for which you can withdraw are limited to medical emergencies, the child’s higher education, child’s marriage or construction, or purchase of a house. #ETMONEY #NPS #TAXSAVING 👉 To invest in Direct Plans of top Mutual Funds for free, download the ETMONEY app: https://etmoney.onelink.me/unJQ/5ca1ae3b 👉 Invest in NPS: https://www.etmoney.com/nps 👉 Follow us on: ► Facebook:   / etmoney   ► Twitter:   / etmoney   ► Instagram:   / etmoney_official   ► LinkedIn:   / et_money