How would you afford a good lifestyle when you are old and have retired? Would you have strength to continue earning the second income at that age? Alternatively, would you like to depend on someone to take care of your needs? No, right? So, you must start investing in a good pension plan.
The most advertised pension plans are different varieties of annuity plans offered by insurance providers. You decide when the pension starts and what kind of amount will be paid to you on a monthly basis. There is also an option of getting a certain sum paid regularly for a fixed duration regardless of your living tenure. Apart from this, there are other tax-related and financial benefits associated with different insurance products that you will need to inquire about before investing.
A very reliable choice is the National Pension Scheme (India), popularly known as NPS. If you invest in a Tier-I account of NPS, your investment is exempt under Section 80C. However, the pension that you will withdraw from it will be taxable. You will also be liable for Service Tax and other levies.
NPS lets you track the investment value on a daily basis. To open an account, approach a bank, Post Office or any financial institution authorised by the PFRDA (Pension Fund Regulatory and Development Authority).
Start investing early, start investing now and incur a handsome pension amount while you enjoy your Golden Years.
The most advertised pension plans are different varieties of annuity plans offered by insurance providers. You decide when the pension starts and what kind of amount will be paid to you on a monthly basis. There is also an option of getting a certain sum paid regularly for a fixed duration regardless of your living tenure. Apart from this, there are other tax-related and financial benefits associated with different insurance products that you will need to inquire about before investing.
A very reliable choice is the National Pension Scheme (India), popularly known as NPS. If you invest in a Tier-I account of NPS, your investment is exempt under Section 80C. However, the pension that you will withdraw from it will be taxable. You will also be liable for Service Tax and other levies.
NPS lets you track the investment value on a daily basis. To open an account, approach a bank, Post Office or any financial institution authorised by the PFRDA (Pension Fund Regulatory and Development Authority).
Start investing early, start investing now and incur a handsome pension amount while you enjoy your Golden Years.
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