National Pension Scheme Your Path to Financial Sеcurity
This presentation provides an overview of the National Pension Scheme (NPS), highlighting its benefits for long-term financial security. It covers account types, tax advantages, and investment options, along with guidance on contributions, withdrawal
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National Pension Scheme Your Path to Financial S curity
Introduction to NPS What is the NPS? A government-sponsored retirement savings scheme. Encourages systematic savings for financial security post-retirement. Who can join? Open to Indian citizens (18-70 years old). Available for both public and private sector employees.
Why Choose NPS? Tax Benefits: Deductions up to 2 lakh under Section 80C & 80CCD. Flexible Contributions: Low initial investments, customizable options. Diversified Investment: Options across equities, corporate bonds, and government securities. Portable and Transparent: Easily manageable online.
Types of NPS Accounts Types of NPS Accounts Types of NPS Accounts Tier I Account: Mandatory, offers tax benefits. Withdrawals allowed only under specific conditions. Tier II Account: Optional, flexible withdrawals. Ideal for short-term savings (no tax benefits).
How NPS Works? Contributions: Regular deposits throughout your working years. Investment Options: Choose Active or Auto choice for asset allocation. Retirement Corpus: Grows through compound interest over time. Annuity Purchase: Use part of the corpus for a monthly pension after retirement. Withdrawal and Exit Rules Partial Withdrawals: Allowed after 3 years for specific needs (education, medical emergencies). Exit Options: At 60, withdraw up to 60% lump sum tax-free; 40% for an annuity. Premature Exit: Allowed after 10 years with certain restrictions.
Advantages of Investing in NPS Long-Term Wealth Creation Market-Linked Growth Potential Safe & Secure Government-backed Scheme Retirement Peace of Mind Tax Benefits of NPS Section 80C: Up to 1.5 lakh Section 80CCD (1B): Additional 50,000 deduction Maturity Tax Benefits: Partial withdrawal tax-exempt
Do you have any question? Contact - contact@utipf.co.in Visit - https://www.utipension.com/
