Money Making Tip: Life post-retirement is something that one needs to plan from the beginning of career. As per tax and investment experts, investing as early as possible is one of the money making ideas that an employed or an earning youth needs to follow. Importantly, how to earn money from money is an art that an earning individual needs to develop as soon as possible. Retirement planning becomes further complex when it comes to the investor employed in the unorganised sector. For such earning individuals, the central government has introduced Atal Pension Yojana (APY) and the APY chart suggests that a smart investor can manage Rs 5,000 monthly pension by investing Rs 210 per month or saving Rs 7 per day!

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What APY Chart says
APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension System (NPS). Under this small savings scheme, a minimum monthly pension between Rs 1,000 to Rs 5,000 is guaranteed for the beneficiaries. In this small saving scheme, an investor can start investing from the age of 18 and can expect to get pension after attaining 60 years of age. The earlier the investment begins, lesser will be the monthly premium and greater will be the gain, suggests APY chart.

Atal Pension Scheme Chart
Speaking on the APY scheme, Manikaran Singhal, Founder, Goodmoneying.com, said, "In Atal Pension Yojana, an investor can open APY account between the ages 18 to 40 and can continue investing till the age of 60. After that, the investor becomes eligible for the monthly pension that varies from Rs 1,000 to Rs 5,000. The monthly pension that an investor wants has to be fixed at the time of APY account opening and on the basis of monthly fixed pension, the monthly APY premium is fixed."

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APY monthly premium
Elaborating upon the APY Chart, Jitendra Solanki, a SEBI registered tax and investment expert said, "If an investor opens APY account at the age of 18, his or her monthly premium for APY pension for Rs 1,000 will be Rs 42, APY premium for Rs 2,000 monthly pension will be Rs 84, APY premium for Rs 3,000 monthly pension will be Rs 126, APY monthly premium for Rs 4,000 monthly pension is Rs 168 while for Rs 5,000 pension the monthly premium will be Rs 210."

APY Calculator
Solanki went on to add that for a 40 year old APY account holder, APY chart suggests that the APY premium for a Rs 1,000 monthly APY pension is Rs 291. This premium will get doubled for Rs 2,000 monthly pension while for Rs 3,000, Rs 4,000 and Rs 5,000 monthly pension, this monthly premium of Rs 291 for Rs 1,000 pension becomes three times, four times and five times of Rs 291.

Therefore, if an 18 year old person starts investing in Atal Pension Yojana, then the APY chart suggests that he or she will get Rs 60,000 annual pension on his or her monthly investment of Rs 210 or daily investment of Rs 7.