Pension Planning for Retirement: Do you want to spend your old age relaxing and sitting on a chair with a book in your hand? If yes, then it is very important for you to start planning for your retirement now.

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One can start planning for retirement from the day you get your job. The more you delay, the more the investment amount will increase. Today we are telling you about pension scheme, which can give you huge profits.

 

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Retirement Planning in NPS

One of the best schemes in the current retirement scheme is New Pension System (NPS). It is safe and will give you good returns. By investing in this scheme, you can get pension of up to Rs 50,000 every month after retirement.

Pension up to Rs 50,000

If you invest in NPS, then you can get pension of up to Rs 50,000 every month. For example, if you are currently 30 years old and if you invest Rs 10,000 in NPS, then till retirement i.e. at the age of 60 years, you will have a lump sum amount of more than Rs 1 crore.

Your age - 30 years

Retirement age - 60 years

Monthly investment - 10,000

Estimated return - 9%

Annuity period - 20 years

Investment in annuity plan - 40%

Estimated return on annuity - 6%

It can be noted that NPS gets a guarantee from the government. That is, you will get an annual return of 9 to 12 percent. Under this scheme, you will have to invest 40 percent of amount on maturity in an annuity scheme, so that you can get regular pension. The return on annuity is 6 percent.