National Pension Scheme

We all know that one’s retirement phase is a crucial aspect to take care of during financial planning. That means, not only allows individuals to fulfill their expenses requirements but also them to sail through their post-retirement life with fewer hassles. To address this issue, people are moving towards the National Pension System that allows for systemized saving during your working years, including a financial discipline among individuals to save for the future. At FINAKART, we offer various retirement schemes and benefits to all citizens, even from the unorganized sectors. All schemes are managed by professional fund managers, so you don’t worry about anything.

Know the features of National Pension Scheme

This scheme is good for anyone who wants to plan for their retirement early on and has a low-risk appetite. A systematic investment can make a massive difference to your life post-retirement. Here, some of the features are mentioned for your consideration:

Returns: A part of the National Pension Scheme goes to equities and offers returns that are higher than other traditional tax-saving investments.

Risk assessment: For an investor of the age of 60, the cap is fixed at 50%, stabilizing the risk-return equation in the interest of investors. The earning potential is higher when compared to other fixed-income schemes.

Tax efficiency: There is a deduction to be claimed for NPS – your contribution as well as the contribution of the employer. The maximum amount eligible for deduction will be lower in the contribution by employer and total gross income.

Benefits of National Pension Scheme

Contributions made by individuals to a National Pension Scheme under the system accumulate until retirement and growth continue via market-linked returns. Let’s see the availing benefits from National Pension Scheme:

• NPS offers a range of investment options of Pension funds for planning the growth of the investment in an effective manner.
• It gives seamless portability towards you and hassle-free arrangement for the individual subscribers while shifts to the new job without leaving the corpus build.
• Pension wealth growth increases over the period of time with a compounding effect. The account maintenance charges are low, benefits to the subscriber become large.

In short, investing in the National Pension Scheme provides an advantage to the investors over other fixed-income schemes and the perk of tax exemption. Get some advice from experts before choosing the right funds and acquire high returns by investing directly through NPS without leaving home comfort.